ttb sme mee gun wai

Relax without concern for your business property or indoor assets. Regardless of the province in which you live, you can operate a business with complete peace of mind thanks to protection from the first baht of loss and a claim promise service that provides 50% upfront compensation for all risks with a maximum coverage limit of 50 million baht. This insurance is applicable throughout Thailand, including the three southern border provinces. The insurance is designed with SMEs needs in mind.

Coverage and benefits

Coverage	Limit of cover (baht per time per year)
	Plan 1	Plan 2	Plan 3
	1-10 million	10-30 million	30-50 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.
1.2 Strike, Riot and Malicious Acts
1.3 Earthquakes, volcanic eruptions, tidal wave or tsunamis
1.4 Hails
1.5 Windstorms	30% of the sum insured, but not exceeding 3 million	30% of the sum insured, but not exceeding 9 million	30% of the sum insured, but not exceeding 15 million
1.6 Flood	300,000	500,000	1,000,000
1.7 Electrical injury	10% of the sum insured, but not exceeding 1 million	10% of the sum insured, but not exceeding 3 million	10% of the sum insured, but not exceeding 5 million
1.8 Theft with forcible entry, robbery or gang-robbery (BG2)	10% of the sum insured, but not exceeding 1 million	10% of the sum insured, but not exceeding 3 million	10% of the sum insured, but not exceeding 5 million
Extended to cover burglaries captured on CCTV as evidence of an unauthorized entry into a locked building	10% of the sum insured, but not exceeding 1 million
1.9 Temporary rent expense (up to 30 days)	7,500 per day	7,500 per day	7,500 per day
1.10 Loss of income following the damage to property insured caused by perils 1.1-1.7	10% of the sum insured, but not exceeding 1 million
2. Money coverage for events of theft, robbery and gang-robbery
2.1 Loss of money within the insured premise	200,000	300,000	500,000
2.2 Loss of money from the safe or vault
2.3 Loss of money in transit
2.4 Damage to the safe or vault
3. Neon Sign/Commercial Sign
3.1 Damage to the sign caused by accident	100,000	300,000	500,000
3.2 Damage to the sign caused by windstorms	100,000	100,000	100,000
4. Plate glass
4.1 Damage to building glass caused by accidents	100,000	300,000	500,000
5. Third-party liability
5.1 In-premises liability	10% of the sum insured, but not exceeding 1 million	10% of the sum insured, but not exceeding 1 million	10% of the sum insured, but not exceeding 5 million
5.2 Car park liability	10% of the sum insured, but not exceeding 1 million	10% of the sum insured, but not exceeding 1 million	10% of the sum insured, but not exceeding 5 million
5.3 Liability while performing business outside the premises	200,000	200,000	200,000

Terms and conditions

Insurance documents

Copy of identification card (for a natural person)
Copy of the corporate certificate Por Por 20 or/and the authorized person's identification card (for juristic person)
Insurance application form
Evidence of premium payment

Insurance conditions

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.)
Coverage includes all areas, including the three southern border provinces.
One-year or three-year duration options are available (Receive a premium discount if you select a three-year policy and make a single premium payment.)

Coverage exceptions

Exclusions:

Money, checks, stamps, bonds, credit cards, securities of any description, gemstones, jewelry, precious metals, gold, furs, antiques, works of art, and rare objects.
Glassware, porcelain, pottery, marble objects, or fragile items.
Electronics, computers, and data processing equipment.
Original documents, business documents, computer systems, data sheets, models, molds, and diagrams.
Explosives.
Water vehicles, aircraft, motor vehicles, or similar items.
Property in transit.
Property of buildings under demolition, construction, or installation, including related objects.
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.
Livestock, field crops, or trees.
Damaged property as a result of the production process.
Machines or equipment during installation, moving or changing locations (including removal and reinstallation), which are directly damaged by such actions.
Property under alternation, repair, experiment, installation, or maintenance.
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.

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

How does this policy differ from a fire insurance policy or a fire insurance policy with additional coverage?

answer : This policy's all-risk coverage section provides more comprehensive coverage, including additional coverages such as money insurance, plate glass insurance, and advertising injury coverage, allowing business owners to operate with greater confidence.

What are the advantages of the non-deductible?

answer : If there is damage to the insured property, and the damage has been negotiated and accepted by both parties, the customer will receive the full amount of the claim without having to pay any out-of-pocket excess. The customer is not responsible for the portion of the claim deducted from the excess.

What is the range of the sum insured?

answer : The sum insured is from 1-50 million baht.

Why is the building included as the main property to obtain the insurance?

answer : Because coverage in numerous categories includes building coverage, and this coverage plan will cover all categories for customers. In addition, the use and ownership of building insured are essential elements for the insurance company's risk assessment.

Who are the target customers?

answer : Small and medium-sized enterprise entrepreneurs.

Is it possible to pay insurance premiums in installments?

answer : Insurance premiums cannot be paid in installments.