Non-Life Insurance

Shared Benefits – Creating Sustainable Value

Get Expert Advice Now arrow_forward
chevron_left
chevron_right

Comprehensive Protection Solution

Frequently Asked Questions

Frequently Asked Questions

Is my business required to purchase fire and explosion insurance?

If your business operates in a high fire and explosion risk category (such as factories, warehouses, manufacturing plants, hotels, or shopping centers), you are legally required to obtain fire and explosion insurance in accordance with government regulations.

 

Purchasing this insurance not only ensures compliance and helps avoid potential penalties, but also provides financial protection and timely compensation in the event of an incident - allowing your business to operate with greater peace of mind.

Which businesses should consider Construction & Erection Insurance?

Construction & Erection Insurance is designed for project owners, construction contractors, equipment installation contractors, EPC contractors, and related stakeholders- right from the start of a project. It provides comprehensive protection for the works, machinery, materials, and third-party liabilities throughout the construction and installation phase.

 

As the project approaches completion, Techcom Insurance will advise on transitioning to Compulsory Fire & Explosion Insurance and Property All Risks Insurance. This ensures seamless, end-to-end protection for your assets while optimizing costs in line with your business budget.

When is cargo covered under transit insurance?

Cargo is insured from the moment it is loaded onto the transport vehicle until it is delivered to the final destination, including any intermediate transshipment stages (if applicable).

 

The coverage applies to both domestic and international shipments across various modes of transport - road, sea, air, or rail - ensuring your goods are protected throughout the entire journey, whether within the country or across borders.

What benefits can my business gain from group health insurance for employees? Can the plan be customized?

Group health insurance helps businesses retain talent, enhance competitive employee benefits, reduce employees’ medical cost burdens, and demonstrate long-term commitment to their workforce.

 

Yes. Benefit plans can be fully customized based on your budget, company size, employee grades, and specific needs - such as outpatient care, inpatient care, maternity, dental, and more - allowing you to optimize both coverage and cost efficiency.

What types of motor insurance should my business consider?

Businesses are recommended to combine three key types of motor insurance for comprehensive protection:

  • Compulsory Motor Third-Party Liability Insurance – to comply with legal requirements
  • Motor Own Damage Insurance - to protect your company’s vehicles against accidents and physical damage
  • Driver and Passenger Personal Accident Insurance - to safeguard people in the event of an incident

Having all three in place helps your business minimize legal risks, maintain financial stability, and operate with greater peace of mind.

What should my business do in the event of a loss to ensure a successful insurance claim?

In the event of a loss, your business should notify Techcom Insurance immediately upon discovery by calling our Hotline at 1900 99 66 96 - Option 4. We will promptly dispatch a loss adjuster to assess the site and guide you through the claims process.

 

You will be assisted in preparing the necessary claim documents, including evidence of loss and repair or remediation costs. Throughout the process, Techcom Insurance will support and accompany your business to help restore operations as quickly as possible, and will settle claims in accordance with the agreed coverage scope and sum insured.

See all

Need help, please reach out to us.