Property & Asset Protection
- Fire Insurance — covers a building and its contents against fire, lightning, and domestic explosion.
- Houseowner & Householder — building cover (Houseowner) combined with contents cover (Householder) for residential property.
- Industrial All Risks (IAR) — broader property damage and business interruption cover suited to larger industrial operations.
- Burglary Insurance — loss or damage from theft involving forced entry.
- Plate Glass Insurance — accidental breakage of large glass windows or shopfronts.
- All Risks Insurance — broader cover for portable equipment and valuable items against a wide range of accidental loss, not limited to a single peril.
- Natural Perils Extension — an add-on for flood, landslide, and windstorm damage, increasingly relevant given Malaysia's recent flood patterns and often not included in a standard fire policy by default.
- Strata / Condo Master Fire Policy — a separate mandatory cover for MCs and JMBs under the Strata Management Act 2013, insured to reinstatement value rather than a standard sum insured. See the condo fire insurance guide for MC/JMB for how this is calculated.
Engineering & Machinery
- Machinery Breakdown (MB) — internal mechanical or electrical breakdown of factory machinery.
- Machinery Loss of Profits (MLOP) — lost income specifically following an insured machinery breakdown, often bought alongside MB but easy to miss.
- Boiler & Pressure Vessel — explosion or collapse of pressurised vessels.
- Contractors' All Risks (CAR) — physical damage to civil engineering works during construction. See the CAR insurance requirement guide for JKR/CIDB tenders for minimum sum insured and how it differs from EAR.
- Erection All Risks (EAR) — risk during installation of plant, machinery, and steel structures, often paired with Delay in Start-Up (DSU) or Advance Loss of Profits (ALOP) cover on larger infrastructure projects. See the DSU/ALOP guide for infrastructure projects for how that works.
- Equipment & Electronic Data Processing (EDP) — computers, servers, and specialised electronic or medical equipment.
Vehicle & Transit
- Motor Insurance — Comprehensive, Third Party Fire & Theft, or Third Party Only cover for company vehicles.
- Goods in Transit — domestic cover for goods while being moved by road within Malaysia, distinct from international marine cargo cover.
- Marine Cargo — goods against damage or loss while shipped internationally by sea, air, or land.
- Marine Hull — the physical structure and machinery of a ship or boat.
- Aviation Insurance — commercial or private aircraft and associated legal liabilities.
Liability & Legal Protection
- Public Liability — legal costs if business operations accidentally injure a third party or damage their property.
- Product Liability — protects manufacturers and sellers if a defective product causes injury or illness.
- Professional Indemnity — covers professionals (doctors, lawyers, engineers, accountants, and similarly regulated roles) against claims of negligence or error. See the professional indemnity guide for consultants for coverage limits and typical premium ranges.
- Directors & Officers (D&O) — protects company leaders' personal assets against lawsuits over wrongful management decisions.
- Employers' Liability — common-law liability to employees for workplace injury, distinct from and in addition to the statutory Workmen's Compensation below.
- Workmen's Compensation — statutory liability for injuries to foreign workers, mandatory via the Foreign Workers' Compensation Scheme (FWCS). See the FWCS compliance guide for construction sites for site-specific requirements.
- Cyber Insurance — covers costs from data breaches, ransomware, and business interruption following a cyber incident — one of the fastest-growing corporate lines and worth considering even for smaller businesses handling customer data.
Business Continuity & Financial Loss
- Business Interruption (Consequential Loss) — lost profits and fixed costs while a business recovers from a fire or other major insured event.
- Fidelity Guarantee — financial loss caused by dishonest or fraudulent employees.
- Money Insurance — cash, cheques, and stamps while in transit or held in a locked safe.
- Credit Insurance — protects against buyers defaulting on invoices or becoming insolvent.
Personal & Employee Welfare
- Group Hospital & Surgical (GHS) — hospitalisation and surgical cover for staff, usually the anchor of a benefits package. See the employee benefits guide for how this is typically structured.
- Personal Accident (PA) — cash compensation for accidental death, permanent disability, or medical expenses.
- Medical & Health — hospitalisation, surgery, and critical illness treatment cover.
- Travel Insurance — flight delays, medical emergencies, and lost luggage during business travel.
Worth knowing
Most businesses don't need every line above — the right combination depends on your industry, whether you own or lease premises, whether you handle customer data, and whether you employ foreign workers. This list is a reference to identify what might apply to you, not a checklist to buy in full.