PROPERTY INSURANCE
Business Insured
Choose the best plan for your business.
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Highlights
Our Business Insured Plan offers comprehensive coverage to protect your business with the Sum Insured from Baht 500,000 to Baht 50,000,000.
This package provides the coverage for 6 sections as follows:
Fire Insurance and Additional Perils
Temporary Rent Expense
Plate Glass Insurance
Money Insurance
Burglary Insurance
Public Liability Insurance
Public Liability Insurance (within the insured premise)
Insured by The Deves Insurance Public Company Limited.
SCB is only an authorized broker.
Insurable guideline refer to Underwriting procedures of The Deves Insurance Public Company Limited.
Buyers must understand the details of coverage and conditions before deciding to insure.
Insurance Conditions
- Our Business Insured Plan is for SCB Loan customers who have insured business guarantee and for SCB Loan customers who have insured Fire Insurance for their building with The Deves Insurance Public Company Limited or other Insurance Company.
- Covers loss or damage to the business asset within the insured's building such as furniture, fixtures, fittings, electrical appliances and stock.
- This package applies to Construction Class 1 (Concrete building) only (but excluding shop and stall in congested area and inaccessible for Fire truck)
- The following assets are not covered such as gold bars, gold jewelry, precious metals, gems, antiques, objects of art, original documents, photocopies of documents, plans, diagrams, drawings, designs, patterns, designs or molds, collateral for debts, securities, important documents, postage, duties, stamps, currency, banknotes, checks or business documents. Explosives, dynamos, electric motor (Conditions are subject to policy exclusions)
- This insurance does not cover Property outside the building, personal effects and portable property such as mobile phones, laptops, cameras, and video cameras Electronic equipment, watch, brand name pen, jewelry, clothing etc. (Conditions are subject to policy exclusions)
- Products/goods under care, custody, control are excluded property.
- Any property under care, custody, control of the insured as the caretaker, not the owner are excluded property.
- We reserve the right to not insure for Stock 100% or the value of stock is more than the value of other assets under this package. Especially for the clothing store, Bag Shop, Bookstore, Furniture Shop, Shoes Shop, Buddhist Offerings Shop.
- Sum Insured is according to the replacement value of the property. If the sum insured is less than the replacement value, the principle of average must be applied.
- Terms, conditions and exclusions are in accordance with standard insurance policies approved by OIC.
Benefits and Coverage
To cover loss of or damage to the property insured such as asset, machinery and stocks within the insured building.
Main Coverage:
- Fire Insurance & Additional Perils.
- Loss of income (Daily Compensation) and Temporary Rent Expense (Damage to the property insured over 50% of Sum Insured)
- Burglary, Robbery and Theft with actual forcible violent entry into or exit from the insured building, including damage to the building structure containing the property insured.
- Loss of Money inside the insured premise.
- Compensation on behalf of the insured forloss of damage occurring to a third party to whom the insured is legally liable as result of an accident from the operations of or in connection with the insured business.
- Accidental loss or damage to Plate Glass fixed to Building Insured causing irrecoveragbly cracked plate glass
Get Answers About this Product
Business Insured is designed to help protect businesses against risks that may affect their property, operations, and financial stability, enabling the business to recover and continue operating when unexpected events occur.
Business Insured is suitable for a wide range of businesses, including offices, clinics, apartments, flats, dormitories, gyms, fitness centers, retail stores, laundromats, beauty salons, photo studios, pet supply stores, building material stores, hotels, resorts, restaurants, cafés, ice cream shops, bakeries, wheel and tire shops, car care centers, automotive accessory shops, battery retailers, and motorcycle repair shops (excluding spray painting operations).
The sum insured should reflect the actual value of the business property to ensure adequate protection for the repair or replacement of damaged assets.
Business Insured helps business owners by reducing financial risks from unexpected events, enhancing confidence in business operations, maintaining business liquidity, and supporting a faster recovery after a loss.
Business Insured provides coverage for fire and additional perils, daily compensation for loss of income and temporary business premises rental expenses, glass breakage, cash insurance, burglary, and public liability insurance.
The insurance company will assess and indemnify the actual loss or damage incurred, subject to the coverage limits, terms, and conditions specified in the policy.
Notify the insurance company as soon as possible, document the damage with photos and details, prepare the required claim documents, cooperate with the loss adjuster, and await the claim assessment in accordance with the policy terms and conditions.
Required documents generally include a completed claim form, a copy of the insurance policy, photographs of the damage, repair quotations or invoices, and any additional documents requested by the insurance company.
