Malaysia Insurance Services

Malaysia Liability Insurance arranged by ACPG Management Sdn Bhd
www.acpgconsultant.com

Liabilities Insurance

Directors & Officers Management Liability

Protection from financial losses as a consequence of acts, errors or omissions, including securities and employment practices claims, suffered in the course of their business activities.

What Is Directors’ and Officers’ Liability Insurance?

Director's and Officers' Liability insurance quite simply is designed to protect Directors and Officers against personal liability that they may incur in respect of amounts which they are liable for, in respect of claims made against them arising out of the performance of their duties.

Example of the types of personal liabilities are:

a) Civil Damages or Settlements
b) Financial Losses suffered by third parties
c) Defense Costs

Scope of Cover:

Pay on behalf the Director's and Officers' (D & O) of the company against loss arising from any claim(s) made against them jointly or severally by reason of any wrongful act committed or alleged to have been committed by them in their capacity as D & O of the company.

The policy comes in two parts:
1) Director & Officer section - Indemnify the Director& Officer personally in respects of claims made against them resulting in
a) Civil damages and settlement.
b) Cost & expenses.

2) Company Reimbursement Section - On any claim made against the Directors’ & Officers

Policy Form:

Director's and Officers' Liability insurance (D&O) policy covers "Directors and Officers (insured persons)” for "claims” made against them alleging a "wrongful act” first made and notified during the policy period. i.e. This is a claims made policy.
If a Retroactive date is stated, the policy would cover claims made as a result of " Wrongful Act” committed after the retroactive date.

Extensions:

• Past, Present & Future D & O of Holding Company
• D & O of subsidiary company
• Outside Directorship
• The lawful spouse , estates, heirs or legal representatives
• Employment Practices Liability Extension (Non-Entity)
• Additional Notification of 45 day
• Advance payment of defense cost

The information provided above is intended as a summary only. For full details of Director's and Officers' Liability insurance (D&O) cover, conditions and exclusions please refer to Malaysia insurer Directors and Officers Insurance (D&O) policy wording.

 

SME Directors and Officers Liability Insurance

SME Directors and & Officers Liability insurance is designed to help protect a wide range of small to medium size companies.

Directors and Officers of Small Medium Enterprises (SMEs) may not be aware of the potential threat they are exposed to. Directors and Officers Liability Insurance is just as relevant to the SMEs, as to the large national or multi-national organizations.

This policy is designed to protect the personal assets of the Directors and Officers by providing indemnity for loss arising from a claim as a result of a ‘wrongful act’ like breach of duty, neglect, error or misstatement committed by them in the course of performing their duties in their capacity as Directors and Officers of their company.

Who is eligible for SME Directors and Officers Insurance?

SME Directors and Officers Insurance is available for the profitable companies who have been in business for more than two years with annual turnover of up to RM100million.
Both privately owned companies (Sendirian Berhad) and companies listed on Bursa Malaysia Berhad are eligible to apply for this insurance.

Eligible Industries are :-

1. Advertisement, promotions, event organizers, TV/Film producers
2. Agricultural production and fishing
3. apparels, finished products, furniture
4. Building contractors
5. chemical manufacturers/distributor
6. Construction (heavy and building construction)
7. Departmental Store, emporiums, supermarkets, mini markets & shopping complexes
8. Educational Institutions (school, universities, colleges)
9. Electronic components manufacturing
10. Entertainment centers including cinemas
11. Freight and shipping
12. Golf and country club, amusement park operator
13. Gyms and yoga centers
14. Hospital, medical centers and dialysis centers
15. Hotels
16. Industrial plants
17. Interior designers
18. Manufacturing
19. Non-profit organization
20. Plantations
21. Power Plants
22. Property development
23. Radio, tv station/broadcasting, studio and wireless page
24. Restaurants, bars and pubs
25. Retailers, boutiques, showrooms
26. Stone, clay, glass, metal and concrete products
27. Tour operator
28. Tuition centers, music and dance school, education training centers, driving schools
29. Utilities companies
30. Wholesale trade (durable and non-durable goods

No proposal form is required. What we need is just the following information:

• Name of the Insured
• Industry
• Annual Revenue
• Privately owned or listed on Bursa Malaysia

SME Directors and Officers Liability Insurance Coverage:

1. Worldwide coverage
2. Full Retroactive cover
3. Legal Representation Costs (worldwide) not tied to "wrongful act”
4. Automatic New Subsidiary cover
5. Broad definition of Insured (include Employee, Trustee of trust fund or pension scheme), Heirs, Legal Representatives, Estates, Lawful Spouse
6. Defence Cost for liability under Clause 46 of the Employee Provident Fund Act 1991 up to full policy limit
7. Defence Cost in respect of Involuntary Manslaughter up to policy limit
8. Defence Cost for Pollution Claims
9. Defence Costs for Pollution Derivative Action Claim up to full policy limit
10. Defence Costs of Professional Services Derivative Action Claims up to full policy limit
11. Full Severability
12. Non Rescindable

Policy Form:

D & O policy covers "Directors and Officers (insured persons)” for "claims” made against them alleging a "wrongful act” first made and notified during the policy period. i.e. This is a claims made policy.

The information provided above is intended as a summary only. For full details of cover, extensions, conditions and exclusions please refer to Malaysia insurer SME Directors and Officers Insurance policy wording.










Malaysia Installation Liability Insurance, Malaysia Renovation Liability Insurance, Malaysia Contractor Liability Insurance and Malaysia Third Party Liability Insurance

Comprehensive General Liability Insurance Malaysia

The Comprehensive General Liability Insurance (CGL) coverage is usually purchased by contractors who undertake contract of works or services for mainly Oil and gas related industry and other industries such as Telecommunication, Power plants, Engineering, IT related etc. per the requirement in the respective contract if and when they are awarded with the contract.

Contractor must produce a Comprehensive General Liability Insurance (CGL) Policy to the principal before commencement of works.

Scope of Cover:

The Comprehensive General Liability Insurance (CGL) insurance Policy indemnifies the insured against his legal liability for property damage or bodily injury to a third party caused by an accident while carrying out the works which takes place in the coverage territory during the policy period.Comprehensive General Liability Insurance (CGL) coverage is a very broad form and extensions can be granted under the coverage.

In addition, the policy will indemnify the insured for defense costs and expenses incurred in respect of a claim to which the policy applies.
The limit of indemnity is inclusive of defense cost and expenses incurred in respect of a claim to which the policy applies.

Policy Form:

Comprehensive General Liability Insurance (CGL) Policy form is an occurrence policy form

Automatic Extensions:

• Contractual Liability
• Sudden and Accidental Pollution
• Damage to Principal’s Existing Property
• Excess Automobile Liability
• Cross Liability
• Waiver of subrogation

Additional Extensions

- as and when required for a Sublimit & for an additional Premium:

• Personal Injury Liability
• Product and Completed Operation

The information provided above is intended as a summary only. For full details of cover, conditions and exclusions please refer to Malaysia insurer Comprehensive General liability Insurance policy wording.

Legal Liability Insurance Malaysia / Comprehensive General Liability Insurance Malaysia

Provide indemnity to Insured for his legal liabilities, as well as legal representatives and employees, arising from the Insured's business or from the specific place of business. Liabilities for bodily injury and damage to property are covered, subject to specified maximum limits arising out of one occurrence.

PRODUCT DISCLOSURE SHEET
PUBLIC LIABILITY (PL)
(Please read this Product Disclosure Sheet before you decide to take out a Public Liability Insurance Policy. Be sure to also read the general terms and conditions stated in the policy).

1. What is this product about?
This policy covers your legal liability to third party as a result of an accident caused by or through your own negligence or your employees in the course of your business operations within the Territorial Limit specified and occurring during the period of insurance.

2. What are the covers / benefits provided?
This policy indemnifies you against all sums which you shall become legally liable to pay compensation in respect of:
• accidental bodily injury to any person, and/or
• accidental loss or accidental damage to property
In addition, all litigation costs and expenses for defence incurred with the written consent of the company, or recovered by any claimant against you
Duration of cover is One year. You need to renew your insurance policy annually.

3. How much premium do I have to pay?
The total premium that you have to pay may vary depending on the Limit of Liability insured, the risk exposure in relation to your business operations, the extensions to the basic cover required and the underwriting requirements of the company.

Limit of Liability any one accident
Rate Applicable on Limit
Loading for extensions of cover required _____________% on Limit RM___________
The estimated total premium that you have to pay is: RM___________

4. What are some of the key terms and conditions that I should be aware of?

Some of the key terms and conditions that you should be aware of are:
• Duty of disclosure - you must give all the facts in your application form fully and faithfully otherwise your policy may be void.
• Change in Risk - you must inform the company or your agent in writing on any material changes during the policy period so that the necessary amendments are endorsed into your policy.
• Duty of Assured - you shall exercise reasonable care that only competent employees are employed, take all reasonable precautions to prevent accidents and comply with all statutory regulations and maintain all premises, furnishings, fittings, appliances and plant in sound condition.
• You shall not incur any expense or make any payment, settlement, arrangement or admission of liability in respect of any claim under this policy without the written authority/confirmation of the company.

5. What are the major exclusions under this policy?
This policy does not cover :
a) Loss of or damage to
• your own property or property under your custody, care or control
• that part of any property upon which you are operating on
• property caused by fire or explosion
b) Liability assumed by agreement
c) Liability for bodily injury to any person under a contract of service, employment or apprenticeship with you
d) Liability for injury, loss or damage caused by your sub-contractors or persons engaged by such sub-contractors.
e) Liability arising from war, ionizing, radiations, nuclear weapons material
f) Fines, penalties, punitive and exemplary damages
(Note : This list is non-exhaustive. Please refer to the policy contract for the full list of exclusions under this policy.)

6. Can I cancel my policy and how do I cancel it?
You may cancel your policy at anytime by giving written notice to our company in which case we shall retain the customary short period rate for the time the policy has been in force. Upon cancellation, you are entitled to a refund premium subject to the minimum premium to be retained by the company. No refund of premium will be allowed if there is a claim under the policy..

7. What do I need to do if there are changes to my contact details?
It is important that you inform us of any changes to your contact details. This is to ensure that all the
correspondence will reach you in a timely manner.

8. Where can I get further information?
Should you require additional information about our Public Liability (PL) insurance or any other types of insurance products, you may contact us directly at your convenience. Alternatively, you may visit our website at www.acpgconsultant.com.

PUBLIC LIABILITY INSURANCE

Introduction
The Public Liability Insurance Policy is designed to protect the insured in respect of his legal liability to pay compensation for accidental bodily injury to or accidental damage the property of the other person caused by or through the negligence of the insured or his employees or by any defect in the premises owned or any defects in the way, works of the insured. In addition, the policy also pays for the litigation costs and expenses for defense that are incurred with the written consent of the company.

All firms and business enterprise have a need for this cover and it is important that the proposer selects and adequate limit to protect their interest. The sum insured or limit of indemnity should represent the maximum liability which the insured estimates that this business could possible incur. The sum insured can be arranged on :-

Limit any one accident

Limit any one period

Scope of cover

The company shall indemnify the insured against all sum which the insured shall become liable at law for damages and claimant’s costs and expenses in respect of :-

Accidental bodily injury to any person not being a member of the insured’s household or any person in the service of the insured.

Accidental damage to property not belonging to or in the custody or control of the insured.

Any legal expenses incurred by the insured in defending legal proceedings with the company’s written consent.

Minimum information required for a quotation

Name of Insured

Trade / Occupation

Limit of Indemnity any one accident

Location of risk

Claims history

Public Liability Insurance Policy

in Malaysia:
What You Need to Know
Public Liability Insurance protects an individual and their business in case they are found legally accountable to a third party. In general, it is a medium that guarantees set ...

elements to injured parties under law.

Normally, such policies pay for any legal expenses, penalties resulting from claims and even medical expenses if needed. It only covers third party claims and not claims made by employees, as these come under employees liability insurance.

Should Your Business Have Public Liability Insurance?

Public liability insurance is an umbrella under which a large variety of risks and situations are covered, and any business that deals with the general public takes it out to protect themselves against lawsuits. In today’s litigious society, people are quick to file lawsuits when suffering any loss, damage to their property, or injury due to the negligence of a business. With a greater number of cases going to court, liability insurance has become broader in what it encompasses. The need for businesses to hold public liability insurance has increased over the last few years.

The insurance is essentially voluntary, with the exception of some public events and facilities where the licensing authority makes it mandatory. Additionally, organizations that operate voluntarily with the support of the local council are also required to carry public liability insurance.

Most businesses and organizations are becoming increasingly aware of the potential to be sued and so consider public liability insurance an essential requirement. While it is now included in most business insurance packages like home, shop, restaurant and other insurance packages, it is also sold separately.

Who Needs Public Liability Insurance?

Professionals and business owners are generally the ones at the most risk of being sued, as they deal with a large client base on a regular basis. However, some professionals get greater benefit from taking out a public liability insurance policy than others. Any business, large or small, that interacts with customers at their place of business is at risk of being sued and so should make use of this protection. Also, note that the greater the number of people visiting the venue, the higher the risk.

Considering that just a single claim has the potential to bankrupt a business or a professional, it is best to be protected.

Amount of Coverage & Other Facts

It is common for business owners to take public liability insurance for the amount of RM 1 million, but RM 5 million packages are becoming increasingly popular. With more people willing to take businesses to court for the smallest mistakes, public liability insurance is no longer considered optional. In fact, some sites do not even allow tradesmen or sub-contractors on location unless they carry a Public Liability Insurance Certificate of Currency.

Within Malaysia, public liability insurance is fully portable, meaning it covers an individual from site to site, as long as one continues to work in the same trade. In case of a change of trade, it becomes necessary to inform the insurer or the policy may become void.

Additionally, every tradesman should have their own policy as the head contractor’s policy many not be sufficient. At times, the head contractor’s insurer will make the pay-out on a claim, but then sue the sub-contractor to recover its money. Needless to say, different occupations and situations have different risks, and the insurer must take those into consideration when writing a policy or note them accordingly to ensure that full coverage is provided to the policy holder.

Cost and Coverage of Public Liability Insurance

Public Liability insurance premiums are determined based on a number of different factors, including

The nature of the business or contract velue or sum insured cover amount.
The number of employees and contractors a business has.
At times, they even depend on the business turnover.
The larger the physical premises of a business and the more employees there are, the higher the premiums are likely to be. The insurance rates depending on the insuring company.

Summary
Public liability focuses on civil wrong. The wronged person sues the owner on the basis of incidents of neglect. If the occupier or owner of an establishment is found to be responsible for the harm, damage or injury, the claimant wins and is awarded compensation.

Public liability insurance is without a doubt the most justifiable cost for a business, as in its daily course of public interactions it is under a continuous threat of being sued. A single law suit has the potential to financially ruin a business; public liability insurance offers protection.

Employers' Liability Insurance
Employer's Liability Insurance Policy is designed to provide indemnity to the Insured against his liability at law and claimants' cost for bodily injuries or diseases to Insured's Employees arising out of and in the course of their employment.


Scope of Cover

The Employer's Liability Insurance Policy indemnifies the Insured against liability at law to pay compensation and claimant's costs and expenses in respect of the bodily injury by accident or disease to the Insured's Employees for which he is liable and will in addition to pay all costs and expenses with the Company's written consent.

What Is Public Liability Insurance?
Public liability is a special form of insurance which is designed to protect business owners from the financial fallout that comes when things go wrong.
As a business owner there are dozens of different risks that you face every day. One of the biggest risks is that your business causes property damage or personal injury to a customer or member of the public.

What does public liability cover?

Your public liability insurance policy will cover you for the financial costs of a claim which involves personal injury or property damage to another person.
It is important to remember that public liability does not cover personal injury to yourself or your staff, or damage to you or your staff’s property.
The best way to understand what is public liability insurance is to look at some examples of common claims.

Claims – Property Damage
There are many ways in which your business activities can result in damage to someone else’s property.
Damage which is generally covered by a public liability insurance policy includes damage which you cause directly, such as knocking over a valuable vase whilst working in someone’s house.
There can also be damage which occurs at a later date. For example you may have installed an electrical switch in a home, then two weeks later the house could be damaged due to you installing the wiring incorrectly.

Claims – Personal Injury
Personal injury claims are often the most financially damaging when it comes to public liability.

Common public liability claims for business owners can include a customer or visitor tripping and falling whilst on your business premises, where it can be shown that the fall was due to the actions (or inaction) of your business.

How much does public liability cover?
Public liability policies are available in a range of sizes. Here in Malaysia you can generally obtain a policy in the following sizes:

RM 1,000,000
RM 2,000,000

RM 5,000,000
RM 10,000,000
RM 20,000,000

Some insurers also issue policies of RM 15 million, however those listed above are the most common.
In special circumstances it is possible to obtain a public liability insurance policy for a larger amount, however this is generally not required for most businesses unless they are doing something out of the ordinary.

More information on public liability insurance
If you require more information on this form of insurance or would like to obtain a public liability quote please speak with ACPG insurance professional consultant or any other suitably qualified insurance professional

Public Liability Quotes By ACPG Managment Sdn Bhd (ACPG)
Once you have made the decision to take out a public liability insurance policy for your business or organization, the next step is to obtain quotes.
Obtaining quotes is an important part of the public liability process, as you need to budget for the cost of the insurance, as well as compare various quotes to ensure you are getting the best value for money.

Do it properly
There is no point in looking for public liability quotes if you don’t know exactly what cover you need for your business.
You could of course just take out the cheapest public liability insurance policy you can find, but if the policy is not suitable for your business then you are just wasting your money anyway.
So before you start looking for quotes, you first need to do you research and find out which type of public liability policy is going to suit your needs best.
If you are unsure of which type of policy you should choose, it is recommended that you speak with an insurance broker. In most cases the broker can also obtain the quotes for you if wish.

Obtaining quotes
There are a few different ways in which you can obtain quotes on your public liability cover.
Many business owners and operators obtain quotes from a qualified insurance broker.

This is certainly a good option, as you can rely on the expertise of the broker to help you choose the right policy.
The only downside to using a broker is that they will generally charge you an additional fee for their service, but many business owners find this fee worthwhile due to the service and advice that they receive.
For business owners who are comfortable in researching and choosing their cover themselves, another option for obtaining quotes is to go online.
There are various websites which provide quotes for public liability insurance.

Some are owned by the insurance companies, whilst some are owned by independent groups.

Going ahead
Once you have gathered all of your public liability quotes the next step is to proceed with the cover and get your business protected.
The good news is that however you get your quotes, the same method will be available to proceed with the insurance if you wish.
ACPG insurance professional consultant can help you through the application and proposal process, and many of the websites offering quotes also have online application systems available.

For more information or to obtain quotes on your public liability insurance please contact ACPG insurance professional consultant.

Domestic Appliance Installation Public Liability
Public Liability Insurance is an insurance policy where a tradesman can insure against any third party injury or any third party property damage that they may cause during the course of their work. Although this is not an insurance that is legally compulsory you will find that most companies are now insisting that this be in place before you can undertake any work for them, this could even result in them withholding any monies that you have earned until you show them the insurance schedule.

A Domestic Appliance Installer obviously has to go into homes and businesses alike to deal with their property and may come in to contact with their equipment and therefore they could either accidentally cause damage to the property they are going in to do the work for example if they were to knock anything over or if they were to accidentally damage any part of the building that they weren't actually doing the work on.

The second part of cover that you can get as a Domestic Appliance Installer is if whilst doing your job you was to injure any person around you, the most obvious way this can happen is if you leave any tools, leads or toolboxes lying around and someone was to trip over them, they would then hold you responsible for their injuries and this is where the insurance policy would step in and cover you.

There are three levels of cover that you can usually get with this type of insurance starting at one millions ringgit worth of cover and rising to either two million or five million. Prices for working in non-hazardous areas generally will be around about reasonable and affordable insurance premium cost for the year, obviously if you were to get higher than the lowest level of cover then you would pay more for this. There are also rare occasions where you can get ten million ringgit of cover but usually that would have to be for specific job and there are only a few insurers that will cover it,

When you consider that if something was to go wrong then you could get left paying the costs of any incident where someone may hold you liable then the prices above don't seem so steep to pay once every year compared to a claim that you could get stuck with that could run in to thousands of ringgit depending on how serious the incident is.

An Overview to ACPG Public Liability
Handling a business could be demanding and challenging, specifically because you are generally liable to the public. You will bear duty for anything you do or offer as part of your business.

Apart from taking extra and precautionary steps, you must also understand what agreements and coverage policies to get.

Having a policy to cover this type of liability makes it easier to control the damage. You should invest on getting public liability insurance.

This policy deals with claims made by anyone who suffered from property damage or injury relating to your business.

Obtaining an insurance policy like ACPG public liability offers numerous benefits. Keep reading to figure out its particular rewards.

Compensation
This public liability insurance arranges compensation for occurrences like damages, loses of profits including future income.

This also allows you to manage settlement for cases including injury and legal violations. In certain instances, you have to compensate for more than just the legal cost.

Rather than producing the amount out of nowhere, having reserved cash and legal help could be valuable. Do remember you only need to compensate for things once the court convicts you.
You are at risk of public liability cases if an accident happens within your business premises or other areas where you carry out operations.

Examples include slipping during a sales visit, hardware breakdown leading to injury, and other job-related or stress-related complications. There are also patrons or firms requiring business units to present proof of public liability before agreeing to any contract. You have to work on this and make sure you obtain an insurance policy for your business.

Sorts of Public Liability Coverage
Available claims depend on the insurance provider you will work. Insurance companies typically offer the following items under business public liability:
- Trades person insurance
- Surgery or office insurance
- Shop insurance
- Commercial property owner insurance
- Property owner insurance
- Guest house insurance
- House business insurance
- Dining establishment insurance

As the products show, public liability coverage comes in numerous types relying on the market. You should ask the provider to customize the plan for your business if it’s difficult to classify.

Product vs. Property Liability
Aside from the variations, public liability also comes in two general forms: item and property liability. Item liability protects you from claims made by clients relating to damage or injury from your goods. Customers reserve the right to sue you for any type of loss or trouble they experience while utilizing anything you provide. A few customers may misuse this right, so you have to protect yourself accordingly.
Property owner liability, however, gives protection against third parties going to your site. Any person or group checking out your area could cause damages. No matter if it is intentional or not, you have to ensure you have enough safety. This gives you the right to ask for compensation and other settlement alternatives. Just as you need to protect the interest of your customers, you have to do the same for your company. It is best to partner with someone expert in the field.

Public Liability Insurance Malaysia
Most businesses need public liability insurance to protect them from financial devastation in the event of damages or injury that occur on their property. In some cases, private individuals could benefit from this type of coverage as well.

Business owners need protection if some kind of injury should happen to a customer or client. Any time a store is opened or a place of business is established, certain risks are established as well.

Regardless of the most careful precautions, accidents do occur. If a customer walks into a store and trips, sustaining bodily injury, that customer could sue the store owner for damages such as the recovery of expenses incurred for medical care or the cost of pain and suffering.

Of course, a responsible business owner will naturally feel an obligation to help anyone who has sustained an injury on their property.

But insurance coverage that will help meet the expenses of such an accident is necessary for anyone who wishes to survive in the marketplace. Even if a lawsuit is unsuccessful, there will be expensive legal fees.

Public liability insurance can cover the cost of those fees. There is no way to completely eliminate risk, but businesses and individuals can certainly benefit from making sure that they are covered in the event of such worse case scenarios. Maintaining this coverage is a simple and sensible solution when faced with these risks.
The reasons for purchasing public liability insurance can vary as can the terms of the individual policy. Not only will this coverage come in handy if a customer or client is injured while visiting a place of business, but can also be of benefit to professionals who must travel to a customer's residence.

For example, an electrician may go to the home of a client to install a light fixture. If in the course of installing the fixture, damage is done to the surrounding ceiling area and the electrician is at fault, a liability policy will cover the cost of the damage.

When a private individual decides to teach piano lessons from their own home, there may be liabilities to consider as well. Unfortunately, if a student is injured on the instructor's property, this could open the instructor up to a costly lawsuit.

There are also cases in which the law requires that a business carry public liability insurance, particularly if some type of sporting activity will be taking place and the risk of injury is considered to be greater. It is not uncommon for potential clients to request that a business owner provide proof that the business carries the appropriate coverage.

The costs that are generally associated with this coverage can vary depending on a number of factors. These factors could include the level of risk involved and the claims history of the organization. Consulting with a professional agent can help an organization or individual best determine the type of coverage that will meet their specific needs.

Claims are frequently filed against cities for accidents that occur on city property and for a number of other reasons. Cities in particular can face many unique situations that require the acquisition of public liability insurance.

Flooding that is the result of a broken water main can do a great deal of damage to the private residences of citizens. When such an event occurs, the city would be expected to pay for the cost of repairing this damage. Harm from sewer main back ups can have similar consequences and will require coverage. Injuries to visitors or citizens in a public park or other city property will often be regarded as liabilities that the city must assume.

Adequate coverage will handle such issues without bankrupting an entire community. Generally, an offended or injured citizen will first file a claim. Then the city will investigate the claim and make financial amends if the investigation indicates that this would be appropriate.

Universities will often carry public liability insurance as well. This coverage will usually protect faculty and staff who are named in lawsuits by students or members of the community. Any organization that deals with the public might find themselves in danger of facing damages from an offended citizen. This is, unfortunately, a reality of functioning in today's society. Taking steps to make sure that an organization is protected in the event of such lawsuits is wise.

Of course, not all small businesses will need public liability insurance. Business owners who do not deal with customers or clients on a face to face basis, but simply supply a need from the privacy of their own homes will generally not require this kind of coverage. Unfortunately, other types of small home businesses can be susceptible to lawsuits, but there is no need to live in fear of this. It is possible to find inexpensive coverage that will provide protection in these cases.

In addition to standard public liability insurance, there are other types of plans that offer similar benefits. Professionals who dispense advice need a particular type of coverage. These policies are called professional indemnity insurance and will protect the policyholder from claims of damage due to poor advice or negligence. Liabilities that are incurred as a result of a faulty product can result in lawsuits as well. Protection that will cover the costs of any kind of damage can make a huge difference in the future of a company.

ACPG MANAGEMENT SDN BHD

We (ACPG), provided all classes of insurance services more than 23 years in Malaysia (since year 1989).

We (ACPG) One of The Largest General Insurance (Individual & Commercial Insurance) Solution Service Provider in Malaysia.

Any enquiry, email to enquiry@acpgconsultant.com or Call our Careline : +603-9286 3323.

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at http://youtu.be/hwWKPU003gE for Malaysia Commercial Insurance (Business Insurance) and

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