BUSINESS INTERRUPTION OR CONSEQUENTIAL LOSS

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Thu 11-Apr-2019 10:04 AM / Other Asia Insurance / 829

As the title suggests, Business Interruption or Consequential Loss insurance provides financial compensation to commercial policy holders who suffer loss of income following damages caused by fire or other perils.

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Although a commercial fire policy covers such expenses as the cost of clearing debris and rebuilding premises, the replacement of machinery, equipment, stock and other types of property, it does not provide for loss of income whilst rebuilding or repairs are being carried out.

As all commercial enterprises rely on their ability to maintain an uninterrupted flow of work in order to ensure a constant level of income from which they derive their profits, Asia Insurance (Cambodia)'s Business Interruption or Consequential Loss insurance coverage, exists to provide you with a form of indemnity which will help your organization survive the difficult period during which your business activities are interrupted following a fire or other perils.

Asia Insurance (Cambodia) Plc

No. 5, Ang Eng (St. 13) Phnom Penh, 12202 Cambodia

An integral member of the Hong Kong based Asia Insurance Group of companies, and born out of the need to service our overseas client's local operations here, Asia Insurance (Cambodia) was formed and registered in Phnom Penh, on March 14, 1996. 

By way of reference, the Hong Kong based Asia Insurance Group, is an association of now three indigenous Asian Insurance Companies, namely; Asia Insurance Co. Ltd. (Hong Kong), Bangkok Insurance Public Co. Ltd. (Thailand) and PT. Asuransi Central Asia (Indonesia). 

All three constituent members, with associated companies & branches in China, Indonesia, Philippines, Taiwan, Thailand, and Vietnam, are well-established leading insurance groups in their respective countries of incorporation, strongly capitalized, soundly managed, having extensive business connections, and consistent record of development and profitability.

To date, the shareholders of Asia Insurance (Cambodia) have testified to their long term commitment to the Cambodian Insurance market by paid up the US$ 7'000'000 investment in capital per the regulation from the Ministry of Economy and Finance - Kingdom of Cambodia.

Vision

To be the market leader in Non-Life Insurance through efficient professional service and a close relationship with our clients.

Mission

To be known for its support of its clients, through a better understanding of the Cambodian Insurance Market, and its needs. 
To bestow upon our staff members a strong sense of belonging, and inspire them to constantly outperform themselves, and our esteemed market colleagues.

To be acknowledged as a responsible and caring corporate citizen.

To serve as Ambassador of the Asia Insurance Group, by actively personifying it's values of Integrity and Tradition, as well as promoting and supporting its exemplary Spirit of Partnership.

Above all, to be recognised as a provider of the highest quality service to our valuable clients.

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