CAR insurance is a condition on virtually every Malaysian construction contract, but scope and exclusions vary more than the name suggests — here’s what to check before mobilising to site.
Fire insurance excludes internal mechanical or electrical failure — that’s what machinery breakdown insurance covers instead, including the often-skipped business interruption extension (MLOP) that protects lost income during downtime.
Fire insurance and Industrial All Risks sound interchangeable, but they cover very different scopes. Here’s what Malaysian factory owners actually need to compare before choosing.