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CLARIFICATION OF THE INSURANCE OR TAKAFUL COVERAGE FOR MALAYSIAN AND FOREIGN SHIPS OPERATING WITHIN AND OUTSIDE OF MALAYSIAN WATERS

GUIDELINE FOR:

a) (i) Licensed insurer (insurance company) or licensed takaful operator (takaful company) carrying on general insurance or takaful business under the Financial Services Act 2013 (APK) or the Islamic Financial Services Act 2013 (APKI) for ships/boats under 300 GT operating exclusively in the waters of Peninsular Malaysia, Labuan and/or the Malaysian Exclusive Economic Zone; and

  (ii) Persons granted an exemption under APK or APKI for the purpose of carrying on insurance or takaful business concerning protection and indemnity insurance or takaful for ships including Malaysian ships subject to the period and conditions specified in the relevant exemption order;

b) Companies/members/correspondents/brokers of the P&I Club group of companies under the International Group (IG) and Non-International Group (NON I.G) recognized by the Marine Department Malaysia; and

c) Owners of Malaysian and foreign ships operating within and outside Malaysian waters.

Prepared By:

Secretariat: The Marine Department Malaysia Advisory Panel on Financial Security (P&I) Organization in Malaysia

Updated on: 1 March 2023

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Marine Hull & Specialty Insurance

Our heritage of offering dependable Marine insurance products makes us one of the leading providers of specialist hull and cargo products, with a broad range of covers for vessel owners, managers, charterers, financiers and shipbuilders across Asia Pacific. Depending on your needs, you can purchase specialty insurance to cover hull and machinery, war risks, specialized vessels, pleasure craft and loss of hire, among others.

Coverage Highlights

• Hull & Machinery cover against physical loss or damage due to sea and waterborne perils
• Shipbuilding risks arising from fire, physical losses during constructions and launching, and collisions during sea trials
• Mortgage Interest cover for Financiers
• Marine Liabilities such as Shiprepairers and Port Operators Liabilities
• Customised risk management solutions
• Extensive Hull and Marine Liability products
• Strong focus on building long-term client relationships
• Experienced Marine underwriters
• Tailored coverage as required
• Internationally recognized wordings
• Worldwide network of claims expertise

Please refer to the policy contract for the full details of benefits, terms and exclusions that are applicable. The information provided here is a brief summary for quick and easy reference. The exact terms and conditions that apply are stated in the policy contract.

The benefit(s) payable under eligible certificate/policy/product is(are) protected by PIDM up to limits. Please refer to PIDM’s TIPS brochure or contact Chubb Insurance Malaysia Berhad or PIDM (visit www.pidm.gov.my )

Chubb’s Marine Logistics Pillar was awarded the ‘Underwriting Initiative of the Year’ in the InsuranceAsia News Awards for Excellence 2021.

Forms and documents.

Marine Hull – Hull & Machinery

Marine Hull – Yacht / Pleasure Craft

Have a question or need more information?

Contact us to find out how we can help you get covered against potential risks

PERLINDUNGAN DAN INDEMNITI MALAYSIA

• Protection and Indemnity Insurance
• Download Claims Form

Vessel Search

Our coverage, crew & passenger liability.

Personal injury, loss of life claims in respect of crew members and third parties on board for the operation of the ship besides hospital, medical, funeral and repatriation expenses. This also extends to cover abandonment of seafarers

WRECK REMOVAL LIABILITY

Liability and costs of compulsorily removing, destroying or marking the wreck. Liability arising out of the ship causing an obstruction

THIRD-PARTY PROPERTY DAMAGE (FIXED AND FLOATING OBJECTS)

This covers liabilities arising from damage to fixed and floating objects excluding collision of ship

POLLUTION LIABILITY

Oil spills from, or caused by, an entered ship resulting in pollution of sea, land or air

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Marine Insurance

Cover for marine cargo, hull and liabilities (including p&i).

In the dynamic world of shipping and trade, there are multiple risks that may disrupt your business.

For more than 100 years, we have been providing marine clients with innovative products and services to help identify and manage these risks. As part of a worldwide insurance group, QBE has the expertise and experience to provide you with comprehensive, viable and affordable solutions.

As a specialist marine insurer, QBE’s coverage is broadly classified into the following classes (with various sub-classes):

• Marine cargo
• Marine project cargo and delay in start-up (DSU)
• Marine hull
• Pleasure craft
• Fixed premium protection and indemnity
• Marine liability

Pleasure Craft Insurance

For recreational sailors, the sea promises both freedom and adventure, including various perils that may place you or your yacht at risk.

With QBE Pleasure Craft Insurance, you can enjoy your time on the water while leaving the risks of dealing with unexpected problems and accidents to QBE. We can help protect you against physical loss of or damage to your pleasure craft, including cover for any liabilities related to third-party injuries or property damage.

British Marine P&I (Asia)

The British Marine office in Singapore, along with our colleagues in London, specialise in the underwriting of P&I insurance for owners of small to medium-sized merchant ships specialist craft, and fishing vessels operating in the region. In being served by an independent A+ S&P rated Insurance company, clients can feel secure in the knowledge that the premium they pay will not be subject to unbudgeted additional premium charges and that claims and underwriting are driven by the provider and not by reinsurers.

We offer fixed cost insurance backed by Standard & Poor's ‘A+’ rated security, whilst maintaining the tradition of mutual insurance in providing a high level of service to all our clients.

For more information, you can also visit the British Marine website  www.britishmarine.com or contact us: [email protected]

Downloads for this product

• NM Motor Risks - Notice Of Claim

Policy Wordings

• Aircraft Insurance Policy Wording
• GIT Annual Policy Wording
• Marina Operators Liability Clauses
• Marine Hull Policy Wording
• MOC Policy Wording
• Marine Professional Negligence Policy Wording
• QBE Transport Operators Liability-Policy Wording
• Shiprepairer Insurance Policy Wording
• Stevedores Liability Policy Wording

Important Notice: The above only serves as a general description of our products and services. For full product details and coverage, please check with your local insurance broker or a QBE authorised agent.

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Table of Contents

Why Choose Yacht Insurance in Malaysia?

Yacht insurance provides comprehensive coverage, including protection against natural disasters, theft, and accidents, ensuring that their valuable vessels remain protected. Additionally, it offers liability coverage for potential legal claims arising from accidents or injuries on board. With yacht insurance, affluent individuals can enjoy peace of mind, knowing that their prized possessions and their lifestyle are well protected, allowing them to navigate the open waters with confidence and leisure.

Pleasure Craft Policy – Main Coverage and Exclusions

Main coverage:.

1. Loss or damage to the boat

• Coverage includes accidental loss or damage to the boat, its machinery, and equipment.
• Theft of the boat or its parts is covered.
• Salvage charges and expenses incurred to prevent or minimize loss or damage are included.

2. Legal Liability

• Protection against legal liability for accidental bodily injury or death to third parties.
• Coverage extends to damage to third party property caused by the insured boat.
• Includes legal costs incurred with the insurer’s consent.

Main Exclusions:

1. Operational Limits

• Excludes coverage when the boat is operated outside the specified navigation limits.
• Losses incurred while the boat is operated at speeds exceeding 40 knots or with a motor more powerful than recommended are not covered.

2. Usage and Condition

• No coverage if the boat is used for racing, speed tests, or trials without specific coverage.
• Excludes losses when the boat is used for unlawful purposes, hire, or charter unless specified.
• Coverage is void if the boat is not maintained in a seaworthy condition or undergoes major repairs without notification to the insurer.

This summary provides an overview of the key coverage and exclusions for the Pleasure Craft Policy. For detailed terms, conditions, and additional exclusions, please refer to the full policy document.

Additional Information

While premiums for yacht insurance can be high, some insurance companies offer no claim discount bonuses if no claims are made during the policy period. We work with multiple insurance companies to provide you with the best quotations tailored to your needs. Each insurance policy has different terms, so we ensure to find the best options for you.

If you have any questions or need assistance, contact us at [email protected] or reach out via WhatsApp . We are a financial adviser approved and licensed by Bank Negara Malaysia.

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Navigating with confidence: your guide to yacht insurance.

Embark on your maritime journeys with confidence with AGY Asia Global Yachting’s Yacht Insurance services. Based in Asia, our tailored insurance solutions are designed to provide comprehensive coverage, ensuring peace of mind for yacht owners in the region..

What is “Yacht Insurance”?

Yacht Insurance protects your vessel from unforeseen damages and liabilities. AGY Asia Global Yachting offers customised insurance policies that cover a range of risks, providing security and financial protection for yacht owners in Asia.

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Asia Global Yachting: Your Trusted Yacht Insurance Ally

Choose AGY Asia Global Yachting for reliable and comprehensive yacht insurance. Our expertise in maritime insurance policies ensures you receive the best coverage options, tailored to your specific needs and sailing adventures in Asia.

UNIQUE APPROACH

Agy’s custom approach to yacht insurance.

Our approach to yacht insurance is as unique as your vessel. AGY Asia Global Yachting offers personalised insurance solutions, ensuring your yacht receives the protection it deserves. We understand the intricacies of the Asian maritime environment, providing coverage that’s as expansive as your voyages.

Asia Global Yachting: Safeguarding Your Voyages in Asian Waters

AGY Asia Global Yachting is recognised as the leading provider of yacht insurance in Asia. Our in-depth local knowledge and tailored insurance plans make us the preferred choice for yacht owners seeking comprehensive protection in Asian waters.

Beyond Insurance: AGY’s Array of Yachting Services

AGY Asia Global Yachting goes beyond insurance, offering a suite of yachting services including yacht registration, crew management, and bespoke yachting experiences. Discover how we can enhance every aspect of your yachting lifestyle.

ADDITIONAL INFORMATION

Frequently asked questions.

Please find below commonly asked questions from our clients.

A: Yacht insurance typically covers risks like damage to the vessel, liability for injury or property damage, theft, and sometimes even special circumstances like weather-related incidents.

A: Yes, AGY specialises in customising yacht insurance policies to meet the specific needs and concerns of each yacht owner.

A: Local knowledge is vital as it ensures that your insurance coverage is aligned with regional maritime laws and specific risks associated with sailing in Asian waters.

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Yacht Dreaming

What Are the Benefits of Marine Insurance in Malaysia?

Protecting your yacht from financial damages and liabilities is an important consideration for any boat owner. Marine insurance in Malaysia provides a great way to safeguard against unexpected losses, offering financial coverage for damages, legal protection, and easy claims process. With marine insurance in Malaysia, you can rest easy knowing that your yacht is properly insured.

The Benefits of Marine Insurance in Malaysia

Marine insurance in Malaysia is essential for yacht owners who need the financial coverage and legal protection it provides. By obtaining a marine insurance policy, yacht owners can be assured that any loss or damage caused by weather, theft, or other unexpected events will be financially covered.

The policy can provide legal protection in the event of a civil suit. The process of making a claim on a marine insurance policy is also relatively seamless. Most marine insurance policies in Malaysia require minimal documentation and paperwork, and the claims process can be completed quickly and efficiently.

Some providers may even cover the cost of repairs and replacement parts, saving yacht owners time and money. Marine insurance in Malaysia is an essential investment for any yacht owner.

Not only can it provide financial coverage and legal protection, but the claims process is also relatively easy and straightforward. By obtaining a marine insurance policy, yacht owners can enjoy peace of mind and security, knowing that their precious investment is protected.

Financial Coverage

Investing in marine insurance in Malaysia ensures that yacht owners are financially secure in case of an unexpected event. Marine insurance covers loss or damage resulting from perils such as fire, accidents, theft, and malicious damage.

This means that if something unexpected were to happen to your yacht, your financial losses would be limited to the deductible that you had agreed upon when you initially purchased the insurance policy. It is important to note that coverage varies from insurer to insurer, so it is important to do your research and select a plan that best fits your needs. What’s more, having a comprehensive marine insurance policy can also help protect you in case of legal disputes.

As a yacht owner, you may be held liable for any harm caused due to the use of your boat, and a marine insurance policy will cover the legal costs associated with such cases. This way, you won’t be left footing the bill in case of such an event. Marine insurance is an important investment for any yacht owner in Malaysia.

Legal Protection

Legal protection is an important part of marine insurance in Malaysia. If you own a yacht, you need to have it insured to protect yourself from potential financial losses such as theft, damages, and medical expenses. Having the right insurance policy in place can give you peace of mind knowing that you won’t have to worry about covering any unexpected costs.

With a marine insurance policy, you’ll be legally protected in the event of any legal issues that may arise. This can include any property damage, third-party liability, and personal injury claims.

It’s important to work with a reliable insurance provider and to make sure that your policy covers all the right areas. Having the right marine insurance policy can also provide you with access to legal advice and assistance.

Whether you’re dealing with a legal dispute or need to file a claim, having the right legal assistance can be invaluable.

A marine insurance policy can provide assistance from knowledgeable and experienced attorneys who are familiar with the laws in Malaysia. This can save you time and money in the long run, as well as providing you with the peace of mind that any legal issues you may encounter will be taken care of.

In conclusion, if you own a yacht in Malaysia, marine insurance is an important investment to make. It’s important to choose the right policy and to work with a reliable provider. Having the right insurance policy in place can provide you with financial coverage in case of any unexpected costs and it can also provide you with legal protection, access to legal advice, and assistance in case of any legal disputes.

Ease of Claims

Making a claim on your marine insurance policy in Malaysia is easy and straightforward. Your insurer should provide clear instructions on how to make and process a claim.

All you need to do is gather the necessary supporting documents and keep your records in order. You should also ensure that you provide accurate information to your insurer when submitting your claim.

This is important to ensure that your claim is processed in a timely manner and that you receive the coverage and compensation you are entitled to. When filing a claim, it is important to keep in mind that you will need to provide proof of the damage or loss incurred. This can include documentation such as photos, receipts, and invoices.

It is important to stay in contact with your insurer and provide them with any relevant updates or changes that may affect the processing of your claim. It is important to be aware that you may need to pay an excess, which is an upfront payment you will need to make before your insurer pays out the claim amount.

In conclusion, when it comes to marine insurance in Malaysia, the process of making a claim can be made easy and straightforward. All you need to do is keep your records in order, provide accurate information to your insurer, and be aware of any excess that may need to be paid. By following these simple steps, you can ensure that your claim is processed quickly and efficiently.

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Introduction to Marine Insurance in Malaysia

What is the source of Marine Insurance law in Malaysia?

What type of risks are there in marine insurance, what other risks are typically covered by marine insurance contracts concluded in your jurisdiction and what ships are insurable, how are the insurance agreements implemented, are there any other forms of protection for ship owners, what are the type of insurance policies available under a contract of marine insurance, what is the right of subrogation which is open to an insurer, what is reinsurance, this article is written by our principal associate, chakaravarthi, related articles  , introduction to the legal and regulatory canvas of the malaysian petroleum industry, law of the carriage of goods by sea (part 17), law of the carriage of goods by sea (part 16), law of the carriage of goods by sea (part 15), law of the carriage of goods by sea (part 14), law of the carriage of goods by sea (part 13), law of the carriage of goods by sea (part 12), law of the carriage of goods by sea (part 11), law of the carriage of goods by sea (part 10), law of the carriage of goods by sea (part 9), law of the carriage of goods by sea (part 8), law of the carriage of goods by sea (part 7), law of the carriage of goods by sea (part 6), law of the carriage of goods by sea (part 5), law of the carriage of goods by sea (part 4), questions we're here to help.

BUSINESS INSURANCE

Yacht & pleasure craft insurance.

Our Yacht & Pleasure Craft Insurance covers loss, damage costs or liabilities to the vessel and any attached property, as well as any personal accidents to the owner and their passengers.

KEY FEATURES

Covers up to RM50k for third party liability

Covers up to RM50k for any personal injuries to the owner and passengers.

Covers up to RM1000 for the loss or damage to personal belongings on the vessel.

Covers physical loss of or damage to the vessel, as well as any attached parts.

Under no obligation to continue.

Coverage descriptions are brief and subject to the terms, conditions, limitations and exclusions.

WHY INSURE WITH US

Did you know? On top of keeping you and your vehicle protected, there is so much more you can enjoy when choosing us!

Empowering Your Decision

We provide all the necessary information and features in a simple format to help you better understand our products – helping you make a purchase you are confident with..

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Our reliable online payment partner, ipay88, is regulated under bank negara malaysia and conforms to the highest international security standards (pci dss 1), as well as the financial services act 2013..

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Offices & branches, p&o insurance has sales and support offices across malaysia. browse our locations for information of all our branches., panel workshops, we provide a list of panel workshops available nationwide., we help you stay ahead and informed with these helpful answers on protecting yourself, your home, business and more..

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We help you stay informed and ahead with these helpful articles on protecting yourself, your home, business and more.

We offer various classes of general insurance such as Motor Insurance, Property Insurance, Travel insurance, Business Insurance and more in Malaysia.

Pleasure Craft Insurance

Protect your valuable asset now supported by pacific prime singapore, max capacity：12, about the yacht insurance / pleasure craft insurance.

Save the hassle of seeking multiple yacht insurance companies for the best deal! After submission of the form below, we will gather the best quotes and get back to you within 5 business days.

The Maritime Port Authority of Singapore requires all yacht owners to have an insurance policy before they can issue a pleasure craft license. You may  click here  for more information on their website.

This yacht insurance offers you coverage as a craft owner and as an operator of your craft (eg yacht/cabin cruiser/jet ski/speed boat/sail boat/catamaran) for own leisure and private usage. The insurance coverage also includes physical loss of and/or damage to your craft and/or your legal liability to their parties.

The yacht insurance does not cover wear and tear. You may be interested in our  Transhield Marine Covers  for that.

All insurance quotes are supported by Pacific Prime Singapore.

Benefits at a Glance

Physical loss/damage.

(Image grab from yachtharbour.com regarding an accident in Mallorca. For the full report,  click here .)

Covers loss of or damage to your insured craft caused by:

• Perils of the seas
• Contact damage with dock or harbor equipment or installation, land conveyance, aircraft or similar object or objects falling therefrom
• Earthquake, volcanic eruption or lightning
• Accidents in loading, discharging or moving of stores, gear, equipment, machinery or fuel*
• Explosions*
• Malicious acts*
• Theft of entire insured craft or her tender boats*

*provided it is not resulting from want of due diligence by the insured owner

Legal liabilities to third parties

Covers your legal liabilities as owner whilst operating your insured craft resulting in:

• Loss of or damage to third party vessel or property as a result of collision
• Damage to dock or harbor equipment or installation as a result of contact by your craft
• Loss of life or injury to third party or illness, including payments made for life salvage, caused on or near the vessel or any other vessel
• Removal or wreck costs
• Legal costs incurred subject to our prior consent/approval

To register your interest, please fill in as much details as possible in the form below and our consultant will get back to you:

PARTICULARS OF OWNER / INSURED

Yacht/Cabin Cruiser/Jet Ski/Speed Boat/Sail Boat/Catamaran/Inflatable Boat/Others

Marina berth/ Pontoon/ Alongside/ Forte & Aft/ Swinging mooring/ Ashore in Compound/ Trailer/ Cradle/ Tender to parent craft/ Dry stack

(eg countries, waters and islands)

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Employee Benefits

• Employee Benefits Consulting
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Private Clients

• Private Clients overview
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Don't see a country you're looking for?

Together with our partner brokers, we are part of a global network so whether you’re a multinational looking for a broker that’s truly global, or a smaller business looking to insure your local needs, we can help you.

Marine Hull

If you’re building, owning, consulting or operating at sea, you need a marine hull insurance partner with an in-depth understanding of the issues you face. howden brokers take the time to get to know individual businesses, vessels and fleets; taking a hands-on personal approach means we can arrange quality cover at a cost-effective price. .

The Howden Specialty Team has the market knowledge, relationships and broking expertise to cover any marine hull risk, regardless of size or complexity.  

Hull & Marine Liabilities for all types of tonnage and exposures

• Hull and machinery 
• Disbursements (increased value, freight etc.)
• Loss of hire
• Charterers’ liability
• Charterers’ default
• Machinery deductible
• Protection and indemnity
• Towage risks.

Policy highlights   

1. All risk cover

Cover for total loss, damage repairs, salvage costs, general average contributions, sue and labour and certain other liabilities. 

2. Competitive terms, regardless of the age of the vessel  

We specialise in finding the right insurer for you, no matter how old your boat. 

3. Negotiated low deductibles

We can arrange claims deductibles to suit your needs.

4. Assisted claims management  

Taking the pain out of claims, always on your side. 

5. Risk management planning and support 

Our proprietary surveys and benchmarking tools help you cut risk – and present you in the most sympathetic way to insurers.  

We believe that our role is more than just protecting our clients from risk. As your risk consultants, we exist to empower you to grow your business by removing risk obstacles - the emphasis is always on the quality of cover, ready to stand strong when you need it most.   

Also available as Takaful

All of our risk management solutions are available as Sharifah compliant Takaful. Speak to our specialist Takaful consultants today.

We're always here to help

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Visit us at: Level 27, Menara Etiqa No. 3 Jalan Bangsar Utama 1, 59000 Kuala Lumpur

Marine Insurance

Marine insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by which property is transferred, acquired, or held between the points of origin and final destination.

Types of Marine Insurance:

• MARINE CARGO INSURANCE

Marine cargo insurance policy insures property while in transit against loss or damage arising from perils associated with the navigation of the sea or air and subsequent land and inland waterways.

• MARINE HULL INSURANCE

Marine Hull Insurance policy covers loss or damage to hull and machinery. The hull is the structure of the vessel. Machinery is the equipment that generates the power to move the vessel and control the lighting and temperature system such as boiler, engine, cooler and electricity generator.

• AIR CARGO INSURANCE

A type of insurance policy that protects a buyer or seller of goods being transported through the air. Air cargo insurance is designed to protect the insured against items damaged, destroyed or lost. Cargo insurance is offered through insurance companies, some freight forwarders and trade service intermediaries. The amount of coverage and deductible required with this insurance varies, with each insurance provider.

Persatuan Insurans Am Malaysia 3rd Floor, Wisma PIAM, 150, Jalan Tun Sambanthan, 50470 Kuala Lumpur

+60 3 2274 7399

[email protected]

Persatuan Insurans Am Malaysia

@piam_malaysia

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Flexible, tailored marine insurance worldwide

Inland Marine

Marine cargo insurance, marine liability insurance, marine loss control engineering.

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Yacht Insurance

• Malaysian Registration
• Yacht Delivery

Insuring your yacht is a critical part of yacht ownership and here we outline your options to get the widest and most cost effective insurance cover. Many people request just third party insurance to cover themselves in marinas where it may be obligatory but they have not always been able to obtain this. However, with policy premiums at competitive rates of the sum insured, many of our clients have gladly obtained full vessel insurance together with a third party element at an attractive price.

Another specialty is kidnap and ransom, the kind of policy you may not have thought of when navigating international waters!

Here in Malaysia, we work closely with Jardine Lloyd Thompson Asia www.jltasia.com

JLT, one of the leading insurance brokers in Malaysia, is a member of Jardine Lloyd Thompson Asia, which in turn is a wholly-owned subsidiary of Jardine Lloyd Thompson Group plc, a global market leader in insurance and reinsurance broking, risk management and consultancy services.

At JLT, they are committed to providing unparalleled service. JLT can provide you with comprehensive and competitive terms to match your needs, including:

• World-wide cruising
• Yacht liability cover (as top-up)
• Delivery voyages
• Racing risks
• Personal accident and medical cover
• Immediate response times
• Efficient claims handling

Marine insurance is at the heart of JLT Specialty and their history. Their team of over 110 marine specialists work with you to overcome challenges and build relationships, which deliver results.

We are also Introducers for Topsail Insurance who can insure a vessel in any worldwide location Their policies are designed to suit the needs of the sailing community, offering comprehensive and flexible cover. Topsail Insurance was launched in 1996 and since then has provided specialist Yacht Insurance and Motorboat Insurance to a worldwide marine community.

We look forward to assisting you with your insurance needs and assure you that you will be in the right hands.

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AIA Insurance Agent and Life Planner Malaysia

Liability Insurance Coverage and Policies in Malaysia

Liability insurance in malaysia.

Liability insurance in Malaysia is used to pay for third party claims and legal costs for specific types of damages found to be caused by the insured party. The insurance company indemnifies and pays on behalf of the insured party.

This payment is made based on the Malaysian laws on liability and damages . The payment for claims is made once the claim is accepted by insurance company investigations or awarded by the Malaysian courts.

Red Cover Insurance Agents Calculate Premiums and Coverage

These policies coverage and premium calculations will differ between insurance companies. Their terms and conditions will be different too.

Red Cover insurance agents get you proposals, from insurance companies in Malaysia, for coverage on your specific business liabilities and risks. Contact us with your coverage needs and questions.

Types of Claims for Liabilities Coverage in Malaysia

Types of liabilities and damages covered.

The types of liabilities to third parties covered by law in Malaysia are:

• Injuries to people
• Death of people
• Damages to property
• Total loss of property

The payment is made, when these damages are found to be the result of lack of care on the part of business operations, project works, product statements or professional work.

Liability for Claims Based on Specific Type of Activities

Liability insurance is available for specific types of damages within Malaysia or specific territories. This enables:

• The legality of claims to be targeted to specific activities or misadventures
• The sum insured to be based on the legal precedence of compensation for that claim
• The cost of liability insurance is then controlled to the expected practices of the activity

The liability insurance taken in Malaysia will be easier and cost effective to implement. As these are in compliance with Malaysian laws and precedents. Which reduces legal time and costs in court with the insurers familiarity of Malaysian court rulings and awards.

Insurance Companies and Agents for Liability Insurance

Our experienced business insurance agents can guide you on which insurance type to use based on your requirements. They work with several insurance companies such as AIA Insurance , RHB Insurance , Allianz Insurance , Great Eastern Insurance , Generali Insurance, Liberty Insurance, Tokio Marine, MSIG, or Takaful Ikhlas, and many more to get you the best plans and prices for your requirements.

This will differ between insurance companies and their policies’ fine print. Get a reliable  general insurance agent  to guide you in comparing and evaluating the insurance proposals from different insurers.

Types of Liability Insurance Policies in Malaysia

List of liability insurance policies.

These are the common types of insurance policies that include liability coverage, issued by the main insurance companies in Malaysia.

• Public Liability Insurance Policy
• Workers Compensation Insurance Policy
• Product Liability Insurance Policy
• Food and Drinks Poisoning Insurance Policy
• Contractors All Risks Insurance Policy
• Erection All Risks Insurance Policy
• Marine Liability Insurance Policy
• Port Risks Insurance Policy
• Professional Indemnity Insurance Policy
• Passenger Liability Insurance Policy
• Art Workshop Insurance Policy

Liability Insurance Policy Customized Coverage

These insurance policies will have:

• Sum insured and indemnified
• Liability covered and Indemnified
• Claims legal processes

Each liability insurance policy is customized to the insured party’s needs. The operations, works doing, track records, types of risks and perils faced or possible and many more.

Liability Insurance Policy Premiums and Price Cost Calculation

Each of these policies will have customized proposal forms to be submitted. And the complexity of the forms, will be different between each insurance company.

Most people will get guidance from experienced insured agents in structuring their insurance policies cost effectively.

If you are an SME (Small Medium Enterprise) in Malaysia, with a wide range of activities, request for the SME Customized Liability Insurance from us. Red Cover will work with the insurance companies to get you a customized insurance to cover your business needs.

Click the button below, if you want a quotation for any of the above requirements.

If your requirement is unlisted, then contact LEVINE LEE , at  +6012 684 0948 . She is the focal point for initial customer contact.

• Public Liability Insurance

Public liability insurance protects a business against claims for injury and damage from the public or other third parties.  This excludes  claims from employees .

This is a general duty of care by a business or person.  The business takes care that its business operations are according to best practices or regulations. Ensuring no injury or property damage to the members of the public from its operations.

Get Public Liability Insurance details at:

• Workers Compensation Insurance

It is a an employer’s liability insurance to cover for workers compensation. To protect an employer’s liability for an injured worker or worker suffering from occupational diseases from the workplace.

It is also known as workmen compensation insurance or worker compensation law coverage insurance.

Get Workers Compensation Insurance details at:

• Workman Compensation Insurance
• Product Liability Insurance

A product liability insurance in Malaysia, is to protect the insured against claims for damages caused by the product. The product would have been made, distributed or sold by you.

Get Product Liability Insurance details at:

• Food and Drinks Poisoning Insurance

For restaurants, food and drinks poisoning is a legal liability to the provider in Malaysia. The food or drinks provider can be sued for a poisoning incidence. Food and drinks insurance is provided to cover for such incidents.

Get Food and Drinks Poisoning Insurance details at:

• Contractors All Risks Insurance

A Contractors All Risks Insurance covers material damage and third party liabilities for a civil engineering project.

This insurance plan is treated as a comprehensive insurance to cover risks and damages to materials and harm to third parties on the work site, occurring during the period covered by the policy.

Get Contractors All Risks Insurance details at:

• Erection All Risks Insurance

An Erection All Risks Insurance covers material damage and third party liabilities for an installation, erection and commissioning of a structure or plant engineering project.

This insurance plan is treated as a comprehensive insurance to cover risks and damages to materials and harm to third parties on the premises’ work site, occurring during the period covered by the policy.

Get Erection All Risks Insurance details at:

• Marine Liability Insurance

Marine Liability Insurance covers damages to the environment, collisions, port or harbour, other vessels, watersports equipment, sports fishing gear and passengers on board are covered too.

Get Marine Liability Insurance details at:

• Port Risks Insurance

Port Risks Insurance policy is a marine insurance coverage that covers the safety risks and liabilities of the ship while it is stationed in a port.

Get Port Risks Insurance details at:

• Professional Indemnity Insurance

A professional indemnity insurance is to protect the insured against claims for damages resulting from negligence or lack of care in their work. This work would be provided in terms of services and solutions as provided by the professional, their partners or their employees.

Get Professional Indemnity Insurance details at:

• Passenger Liability Insurance

People travelling in private transport like a private car or van, need to be covered by a passenger liability insurance policy. This is cover for any liabilities to third parties in the car.

Get Passenger Liability Insurance details at:

Art Workshop Insurance

Insurance for art workshops primarily is to provide protection to the organizer, participants, and property from potential risk and liability. Insurance agents might propose different types of insurance policies based on the business activity.

Get Art Workshop Insurance details here:

• Insurance for Art Workshop

Contact Insurance Agent for Best Insurance Proposals in Malaysia

Levine Lee has over 18 years of working experience with AIA and ING Insurance as an AIA life insurance agent and life planner.  Jeffrey Teoh has over 10 years of distinguished working experience with the best group insurance company in Malaysia, including Allianz. And Colin Chow is a trusted Great Eastern insurance agent with over 13 years of experience in the industry.

Contact AIA INSURANCE AGENT LEVINE LEE , at   +6012 684 0948 . She is the focal point for initial customer contact. Jeffrey Teoh, Colin Chow, or other Red Cover insurance team members will step in to contact you depending on your insurance requirements.

Levine and her team can work with you to create the best insurance proposal and quotations to meet your needs and budget plans within Malaysia. The team can get you quotations from various Insurance Companies in Malaysia for your personal, life, general, group, and business insurance needs.

Send in the form below for your requirements.

Liability Insurance – Request for Quotation

• SME Customized Liability Insurance
• Restaurant, Food and Drink Poisoning Insurance
• Project Insurance
• Marine Hull and Machinery Insurance
• Yacht, Boat And Pleasure Craft Complete Cover Insurance
• Keyman Insurance for Cashflow Protection
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At Red Cover Life Planning, we emphasize our people- helping them grow, expanding their abilities, and discovering new opportunities. Join us now to be part of our team and story.

AIA Insurance Agent KL – Levine Lee

AIA 39 Critical Illnesses Insurance Plans Malaysia

Keyman Insurance Malaysia

Contact Details

Phone: (+6010) 361 9298

Level 7, Menara AIA No. 68, Jalan Batai Laut 4 Taman Intan, 41300 Klang, Selangor Malaysia

Unit 37-2, Level 37, Q Sentral, No.2A, Jalan Stesen Sentral 2, KL Sentral, 50470 Kuala Lumpur Malaysia

Service Area:   Covering all of Malaysia

AIA Insurance

The AIA brand and its related products are the copyright  of AIA Group Limited and its Subsidiaries.

AIA legal entities in Malaysia are as follows:

• AIA Bhd (790895-D)
• AIA General Berhad (924363-W)
• AIA Public Takaful Bhd (935955-M)