Coverage and Benefits
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| Coverage | Benefits (baht) | |||
| Plan 1 | Plan 2 | Plan 3 | Plan 4 | |
| Fire and Extraneous Perils InsuranceCovers loss of or damage to buildings and contents contained therein caused by fire, lightning, explosion,vehicle impact, aircraft, labour strike, malicious act, and water damage (not floods) | 1,000,000/ year |
3,000,000/ year | 5,000,000/ year | 10,000,000/ year |
| Covers building and contents contained therein from natural perils* i.e. floods, windstorms, earthquakes and hail | 100,000/year | 100,000/year | 200,000/year | 200,000/year |
| Burglary Insurance (B2)Burglary with visible marks of damage and robbery (contents contained in the building) | 100,000/year | 300,000/year | 500,000/year | 1,000,000/ year |
| Glass InsuranceAccidental breakage of fixed plate glass as part of the building | 100,000/year | 300,000/year | 500,000/year | 1,000,000/ year |
| Money Insurance (M1)Loss of money from burglary and robbery | 100,000/year | 300,000/year | 500,000/year | 1,000,000/ year |
| Personal Accident Insurance• Covers loss of life, dismemberment, and disability of the insured and their employees from accidents and robbery while within the building insured • Covers medical expenses per accident with the total not exceeding the sum insured for loss of life per year |
200,000/year 20,000/case |
600,000/year 60,000/case |
1,000,000/ year 100,000/case |
2,000,000/ year 200,000/case |
| Third Liability InsuranceCovers premises liability of clients or any persons being in business contact with the insured | 500,000/year | 1,500,000/ year | 2,500,000/ year | 5,000,000/ year |
| Loss of incomeIncome protection if the buildings insured are severely damaged and can no longer operate (coverage up to 30 days) | 30,000 (1,000 baht x 30 days) |
30,000 (1,000 baht x 30 days) |
60,000 (2,000 baht x 30 days) |
60,000 (2,000 baht x 30 days) |
| Annual Premium (including VAT and stamp duty) |
4,200 | 10,200 | 17,000 | 32,400 |
Notes
- Bangkok Insurance will indemnify the insured for the amount not exceeding the sum insured of each plan.
- The Insured is bound to bear 10% deductible or a minimum of 10,000 baht (whichever is higher) for each and every loss from natural perils.
Requirements
- Insures only small businesses that have no industrial production.
- Insures only buildings with concrete structures.
- Petrol stations, gas shops, gold shops, jewelry shops and car showrooms are not eligible for coverage under Business Property Insurance 1st.
- Bangkok Insurance reserves the right to consider underwriting each customer.
How to apply
To apply, simply fill out an application form at any Bangkok Bank branch then hand it in along with the required documents.
For more information, please contact any Bangkok Bank branch or call Bualuang Phone 1333 or Bangkok Insurance Public Company Limited on (66) 0 2285 8199