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ttb biz 360°

ttb biz 360°

SMEs are constrained by limited financial flow, stock products, and machinery investment. Ensure that your business will not be disrupted in the event of an unforeseeable event with coverage with excess covering all risks, allowing you to run business with peace of mind with a maximum coverage limit of 50 million baht and a claim promise service that offers a 50% upfront compensation. This insurance is applicable throughout Thailand, including the three southern border provinces. The insurance is designed with SMEs needs in mind.

Product highlights

Provide coverage for all natural disasters, including fire, lightning, windstorms, earthquakes, floods, explosions, and theft. Additionally, compensation is offered in the event of a temporary loss of income.

Enjoy peace of mind with third-party liability protection.

Pay compensation without depreciation deductions.

Offer a claim promise service with a 50% upfront payment to ensure business continuity.

Provide coverage to all areas throughout Thailand, including the three southern border provinces

Coverage and benefits

Coverage Limit of cover (baht per time per year)
Plan 1 (S) Plan 2 (M) Plan 3 (L) Plan 4 (XL) Plan 5 (2XL) Plan 6 (3XL) Plan 7 (4XL) Plan 8 (5XL)
Buildings, furniture, or machinery shall be insured under the same policy - at least 5% of total sum insured.
Sum insured
30-40 million
Sum insured
40-50 million
1. Property All Risks
1.1 Fire, lightning, explosions, smoke, water damage (excluding flooding), aircraft, vehicle impact, and accidental damage. Based on actual damage but not exceeding the sum insured.
(Deductible: THB 3,000 each and every loss for accidental damage)
1.2 Strike, Riot and Malicious Acts 200,000 300,000 500,000 1 million 1.5 million 2 million 3 million 4 million
1.3 Natural perils (floods, earthquakes, windstorms, hails). 200,000
(Combined Single Limit)
300,000
(Combined Single Limit)
500,000
(Combined Single Limit)
1 million
(Combined Single Limit)
1.5 million
(Combined Single Limit)
2 million
(Combined Single Limit)
3 million
(Combined Single Limit)
4 million
(Combined Single Limit)
20,000 for
red zone
(Combined Single Limit)
30,000 for
red zone
(Combined Single Limit)
50,000 for
red zone
(Combined Single Limit)
100,000 for
red zone
(Combined Single Limit)
150,000 for
red zone
(Combined Single Limit)
200,000 for
red zone
(Combined Single Limit)
300,000
for
red zone
(Combined Single Limit)
400,000
for
red zone
(Combined Single Limit)
(Deductible: THB 3,000 each and every loss)
1.4 Electrical injury. 200,000 300,000 500,000 1 million 1.5 million 2 million 3 million 4 million
1.5 Theft with forcible entry, robbery or gang-robbery (BG2). 200,000 300,000 500,000 1 million 1.5 million 2 million 3 million 4 million
1.6 Loss of income and temporary rent expenses caused by perils 1.1-1.5. 2,000 per day
at a maximum of 200,000
2,000 per day
at a maximum of 300,000
2,000 per day
at a maximum of 500,000
2,000 per day
at a maximum of 1 million
2,000 per day
at a maximum of 1.5 million
2,000 per day
at a maximum of 2 million
2,000 per day
at a maximum of 3 million
2,000 per day
at a maximum of 4 million
(Time excess: 3 days)
2. Money coverage for events of theft, robbery and gang-robbery
2.1 Loss of money within the insured premises. 200,000 300,000 500,000 1 million 1.5 million 2 million 3 million 4 million
2.2 Loss of money within a locked safe, vault,
cabinet, or desk where money is stored.
2.3 Loss of money in transit.
2.4 Damage to the safe or vault, cabinet, or desk where the money is stored. Up to 30% of the coverage limit
in the event of loss of money stored in a locked cabinet or desk outside of business hours.
3. Plate glass
3.1 Damage to building glass caused by accidents 200,000 300,000 500,000 1 million 1.5 million 2 million 3 million 4 million
4. Third-party liability
4.1 Third-party liability 200,000 300,000 500,000 1 million 1.5 million 2 million 3 million 4 million
(Deductible: THB 3,000 each and every loss for damage to third party property)

** The "Red Zone" for Flooding are Hat Yai District in Songkhla Province, Muang District in Chiang Mai Province, Muang District in Khon Kaen Province, Kabin Buri District and Muang District in Prachin Buri Province, Muang District in Phitsanulok Province, Kumbhawapi District and Muang District in Udon Thani Province, Tha Tako District, Takhli District and Phayuhagiri District and Muang District in Nakhon Sawan Province
** Only Class I construction (Concrete building) is insurable.

Terms and conditions

Insurance documents
  1. Copy of identification card (for a natural person)
  2. Copy of the corporate certificate Por Por 20 or/and the authorized person's identification card (for juristic person)
  3. Insurance application form
  4. Evidence of premium payment
Insurance conditions
  1. Coverage can be provided exclusively for indoor assets, machinery, and product stocks. (The machinery and product stock can be insured for up to 30 million baht without the need to insure the building additionally.)
  2. Coverage includes all areas, including the three southern border provinces.
  3. The duration of coverage is one year.
Coverage exceptions

Exclusions:

  1. Money, checks, stamps, bonds, credit cards, securities of any description, gemstones, jewelry, precious metals, gold, furs, antiques, works of art, and rare objects.
  2. Glassware, porcelain, pottery, marble objects, or fragile items.
  3. Electronics, computers, and data processing equipment.
  4. Original documents, business documents, computer systems, data sheets, models, molds, and diagrams.
  5. Explosives.
  6. Water vehicles, aircraft, motor vehicles, or similar items.
  7. Property in transit.
  8. Property of buildings under demolition, construction, or installation, including related objects.
  9. Land (including soil, backfill, sewer, or water tunnel), thoroughfare, sidewalk, road, airfield, railroad tracks, dams, reservoirs, canals, drilling platforms, boreholes, ponds, pipelines, tunnels, bridges, shipyards, and all types of jetties.
  10. Livestock, field crops, or trees.
  11. Damaged property as a result of the production process.
  12. Machines or equipment during installation, moving or changing locations (including removal and reinstallation), which are directly damaged by such actions.
  13. Property under alternation, repair, experiment, installation, or maintenance.
  14. Damage to stream boiler, economizers, steam turbine, pressure-intensive machinery, or equipment, including parts of such property, caused by explosions or cracking.

 

Types of businesses that cannot be insured:

  • Department stores, shopping centers, and amusement parks.
  • Cold storage facilities, factories, shops, and/or warehouses that store dangerous goods such as paper, rubber, wood, plastic, fireworks, kapok, jute, kerosene, benzene, gasoline, automotive oil, matches, firecrackers, , grass, straw, dangerous chemicals.
  • Entertainment venues, building under construction, warehouses, or storehouses that store flammable or dangerous goods.
  • Power plants, research laboratories, injection stations and gas stations, gas-filling stations, shipyards, docking ports, and jetties.
  • Waterproof fabric factories, wood veneer factories, wood drying factories, match factories, and nitrocellulose factories.
  • Smelteries, ore dressing, or separating plants.
  • Casinos, Slaughterhouses.
  • Manufacturing plants for paint, oil color, print and ink.
Insured by

Underwritten by Allianz Ayudhya Assurance Public Company Limited.
TMBThanachart Insurance Public Company Limited is only an insurance broker and is solely responsible as a broker.

Frequently asked questions