SME Easy

SME Easy

Product Description

  • Provides comprehensive business protection that can be tailored to your insurance needs

Key features

  • Protect your SME business for up to 30 million baht
  • Customise your own coverage to cater to your insurance needs
  • Full cover for windstorm, earthquake and hail
  • Flood cover up to 100,000 baht
  • Covers third party liability up to 5,000,000 baht

Plan Highlights

  • Covers loss of income as a consequence of damage to property insured for up to 10% of claim amount
  • Covers loss of or damage to property insured arising from theft with forcible entry to or exit from insured building for up to 1,000,000 baht
  • Compensation for accidental death of the insured within the insured premises from the perils covered
  • Covers loss of money inside the insured premises caused by burglary and robbery for up to 500,000 baht

Plan details

Coverage
Coverage Standard Plan Build Your Own
Sum Insured/Limit of Liability (Baht) Maximum Sum Insured/Limit of Liabiltiy (Baht) Premium (Baht)

1. Fire & Additional Perils
  • Fire, Lightning, Explosion of Gas (used for domestic purposes only)
 500,000 Up to sum insured, max 30,000,000 -
  • Explosion
  • Water Damage (excluding Flood)
  • Vehicle Impact
  • Aircraft Impact
  • Windstorm
  • Earthquake, Volcanic Eruption, Tidal Wave, or Tsunami
  • Smoke
  • Hail
  • Electrical Installation
 100,000 per occurrence and in aggregate 500,000 per occurrence and in aggregate 250 for each sub limit of 50,000
  • Flood
 20,000 per occurrence and in aggregate 100,000 (except Flood Prone Areas*) 100 for each sub limit of 10,000
  • Riot, Strike, Malicious Acts
 100,000 per occurrence and in aggregate Up to sum insured, max 30,000,000 per occurrence and in aggregate 25 for each limit of 100,000

2. Loss of income
  • Loss of income in consequence of the damage to the property insured arising from a loss under Section 1.
 Not exceeding 10% of claim amount - -

3. Burglary
  • 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.
 100,000 per occurrence and 1,000,000 in aggregate 500,000 per occurrence and 1,000,000 in aggregate 250 for each limit of 50,000

4. Compensation for Accidental Death of the insured within the insured premises resulting from an event in Coverage Sections 1 & 3
  • Compensation for Accidental Death of the insured within the insured premises resulting from an event in Coverage Sections 1 & 3
 100,000 - -

5. Money
  • Loss of Money inside the insured premises during business hours caused by robbery or gang-robbery (M.1)
 200,000 per occurrence and in aggregate 500,000 per occurrence and in aggregate 250 for each limit of 50,000

6. Plate Glass
  • Accidental Breakage of Plate Glass including frame and its decoration (not including glass shelf or glass furniture).
 100,000 per occurrence and in aggregate 500,000 per occurrence and in aggregate 250 for each sub limit of 50,000

7. (Public Liability Insurance (within insured location))
  • Compensation on behalf of the insured for loss or damage occurring to a third party to whom the insured is legally liable as a result of an accident arising from the operations of or in connection with the insured business.
 500,000 per occurrence and 1,500,000 in aggregate 5,000,000 per occurrence and in aggregate 200 for each sub limit of 100,000

8. Other Special Clauses
  • Debris Removal
 10% of sum insured, not exceeding 100,000 per occurrence and in aggregate -
  • Fire Extinguishing Expenses
 10% of sum insured, not exceeding 100,000 per occurrence and in aggregate
  • Professional Fees
 10% of sum insured, not exceeding 100,000 per occurrence and in aggregate
  • Personal Effects
 5,000 per person, 100,000 per occurrence and in aggregate

*“Flood Prone Areas” means 1) Risks located in Ayudhya and A.Haadyai, Songkhla  2) Risks located in areas flooded in the 2011 flood event  3) Locations where there has been flooding in the past 5 years

Insurance Conditions
  1. This package applies to Contruction Class 1 only
  2. The premises must not be located in a "dangerous zone" as annouced declared by the Office of the Insurance Commission. 
Premium
Sum Insured (Baht) Premium (Baht) Period  1 year
Shop & Beauty Sevicing Business Food & Beverage

500,000

 2,379.68 2,213.83 2,352.93

1,000,000

 3,065.55 2,913.61 3,038.80

1,500,000

 3,967.56 3,615.53 3,940.81

2,000,000

 4,870.64 4,315.31 4,843.89

2,500,000

 5,771.58 5,015.09 5,744.83

3,000,000

 6,673.59 5,715.94 6,646.84

3,500,000

 7,575.60 6,414.65 7,548.85

4,000,000

 8,477.61 7,116.57 8,450.86

4,500,000

 9,379.62 7,817.42 9,352.87

5,000,000

 10,281.63 8,516.13 10,254.88

5,500,000

 12,301.79 9,216.98 11,764.65

6,000,000

 13,294.75 9,915.69 12,622.79

6,500,000

 14,286.64 10,617.61 13,479.86

7,000,000

 15,278.53 11,318.46 14,394.71

7,500,000

 16,197.66 12,017.17 15,311.70

8,000,000

 17,106.09 12,718.02 16,226.55

8,500,000

 18,089.42 13,417.80 17,142.47

9,000,000

 18,985.01 14,118.65 17,912.87

9,500,000

 19,964.06 14,819.50 18,821.30

10,000,000

 20,942.04 15,519.28 19,729.73
Remark

Premium is inclusive of stamp duty and payable by the insured.

SME Lists

The SME Easy Plan is available for 3 groups of businesses:

  • Shop & Beauty
  • Servicing Business
  • Food & Beverage
SME Group Occupancy

Shop & Beauty

 CD/DVD Rental Shop
Flower Shop
Camera Shop
Machine Shop
Small Supermarket/Minimart
Grocery Shop
Weighing Machine Shop
Home Furniture Shop
Electrical Appliance Shop
Musical Instrument Shop
Motor Battery Shop
Construction Materials Shop, excluding Wood Suppliers
Ice Maker Shop
Toy Shop
Sanitary Ware Shop
Plastic Utensil Shop
Leather Goods and Shoes Shop
Home Lighting Shop
Vegetable and Fruit Shop
Clothing Shop
Book Shop
Drug Store
Retail Shop
Glasses Shop
Bag/Luggage Shop
Feed Shop
Fresh Food and Frozen Food Shop
Computer Shop
Games Shop
Watch Shop
Metal Equipment Shop
Bike/Motorcycle Shop
Religious Supplies Shop
Sports Shop
Stationery Shop
Shop in Department Store or Shopping Complex
Photocopy Shop
Beauty or Hair Salon
Nail Salon
Spa/Massage
Pawn Shop
Clothing Repair shop
Car Care
Laundry Service Shop
Hotel
Electrical Appliance Repair Shop
Photo Shop/Studio

Servicing Business

 Clinic
Dental Clinic
Beauty Clinic
Pets Clinic
Apartment/Dormitory/Rental House
School
Tutorial School
Art and Music School
Sporting Activities School
Bungalows for holiday rental
Association/Club, excluding Night Clubs/Cabaret
Office
Accounting Office
Law Firm
Employment Office
Agent/Broker Office
Ticket Office
Translation Office
Advertising Agency
Home Design Agency
Foundation
Nursery
Fitness Centre

Food & Beverage

 Food Shop
Beverage Store
Coffee Shop/Bakery Shop
Ice Cream Shop
Candy Shop
Contact details

For more information, please contact :

Web Contact Form click here
MSIG Customer Care 
Tel: 02 007 9000  
Fax: 0 2716 6613 
Email: Click here
Monday-Friday (8.30 a.m. – 9.00 p.m.), Saturday (9.30 a.m. – 6.00 p.m.)
(Except Sunday and Official Holidays)

Downloads

MSIG-SHOP-EASY.pdf
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