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ttb sme mee gun wai

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.

Product highlights

Provide coverage for any damages caused by fire, lightning, windstorms, earthquakes, floods, explosions, theft, burglary, and robbery.

Enjoy peace of mind with third-party liability protection.

Offer temporary rental compensation of 7,500 baht per day.

Provide coverage for the loss of money within the insured property and damage to billboards caused by accidents and windstorms.

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 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
5.3 Liability while performing business outside the premises 200,000 200,000 200,000

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. 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:

  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.
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