Underwritten by Blue Cross (Asia-Pacific) Insurance Limited
Businesses are facing a more volatile environment than ever, being more vulnerable to unpredictable risks and damages, hence it is particularly important to get the right policy to have everything covered.
SmartBiz Insurance is an all-in-one business insurance solution designed to help you cope with the sudden and unforeseen circumstances that may deal a blow to your business. It offers comprehensive coverage for damage to business contents, money loss and public liability. It also compensates against additional expenses and operational costs incurred particularly in the case of a major disruption.
Whether you are running a business that delivers a service or product, either in an office or shop, SmartBiz Insurance can ensure a smooth ride for your business operation.
A 3-level comprehensive plan with flexible options that fit your budget and business needs. Premium is varied by business type and plan level, with annual premium as low as HK$1,350, which can be supplemented with optional benefits to ensuresufficient protection.
Most businesses will dedicate some spaces in their office or shop to business tools and property like stock and samples, as well as relevant deeds, documents and computer records. All these contents are covered under the "All Risks" protection with sum insured up to HK$2,000,000, where top-up benefit is optional for stock to ensure ample protection against losses or damages.
Losses from business interruption can be colossal. SmartBiz Insurance covers the extra expenses incurred as a result of consequences of damage to property insured with benefit up to HK$1,500,000. Extended benefits such as charges payable to professional accountants or auditors for producing the proof that such details are in accordance with the insured’s book of account, or coverage for additional costs due to denial of access or failure of public utilities such as in the event of a power outage or water suspension, are provided as well.
All-round coverage for loss of money in the insured premises, in a bank night safe or in transit with compensation up to HK$60,000. Crossed cheques, crossed postal orders, crossed money order and crossed bankers’ drafts are included.
Up to HK$20,000,000 in compensation for legal liability arising from employers or employees’ negligence at the insured premises towards third parties for accidental bodily injury or property damage. Extended coverages for public liability in respect of director or partner, and tenant’s legal liability to the landlord are also included. Independent contractor’s liability is also covered with maximum contract value up to HK$750,000.
Up to HK$3,000,000 in compensation for legal liability in respect of poisoning arising from food or drink sold or supplied by the insured to visitors.
Offer protection for loss of money arising from any fraudulent or dishonest acts of employees, with maximum benefit capped at HK$25,000.
During renovations or alterations inside the insured premises, protection remained unchanged provided that the value of the contract works not exceeding HK$750,000.
Cover damage to insured premises with a maximum limit up to HK$150,000.
To enhance protection for staff, employers can opt for employees’ compensation. Once enrolled in this optional benefit, staff will also be covered under Personal Accident Benefit.
[ Policy Terms & Conditions]
Important Notes
1. Shops: refer to retail/personal services shops in general such those in the business of boutique, footwear, handbags, optical, books, stationery, grocery, sporting goods, toys, computer accessories, household goods, real estate agency, hair salon, nail beauty salon, facial beauty salon (exclude body massage/SPA), tutorial school, language school, interest class (exclude sports /fitness activities, cooking, playgroup).
2. Minimum annual premium: HK$1,000 for Sections 1-5 (excluding government surcharges).
3. Minimum annual premium: HK$500 for Sections 6 and 7 (excluding government surcharges).
4. The insurance is only applicable to companies with no more than 50 employees.
5. The insurance is only applicable to insured premises located in building not older than 45 years.
6. The insurance is only applicable to applicant who had no-claims record in the past three years.
7. Blue Cross reserves the right to adjust the premium table from time to time.
Major Exclusions
Blue Cross shall not be liable in respect of:
1.
any contingency caused by or happening through or in consequence of:
a. war, invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not) or civil war;
b. mutiny, riot, military or popular rising, insurrection, revolution, rebellion, military or usurped power, martial law or state of siege or any of the events of causes which determine the proclamation or maintenance of martial law or state of siege; or
c. acts of terrorism committed by a person or persons acting on behalf of or in connection with any organisation. For the purpose of this clause, "act of terrorism" shall mean the use of violence for political ends and includes any use of violence for the purpose of putting the public or any section of the public in fear;
2.
loss of or damage to any property or any resultant loss or expenses or any consequential loss or legal liability whatsoever nature directly or indirectly caused by or contributed to or arising from:
a. ionising radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel and for the purpose of this clause combustion shall include any self-sustaining process of nuclear fission;
b. the radioactive toxic explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof;
c. pressure waves by aircraft and other aerial devices;
d. resulting from pollution or contamination; or
e. nuclear weapons material;
3.
any accident, loss damage, expense, liability or bodily injury occasioned by or through or in consequence directly or indirectly of confiscation, commandeering, nationalization or requisition by any lawfully constituted authority;
4.
consequential loss or damage of any kind except as provided in Section 2 of this Policy;
5.
any judgements against the Insured which are not in the first instance delivered by or obtained from a court of competent jurisdiction in Hong Kong;
6.
any willful, malicious, unlawful or deliberate act of the Insured or any person act on its behalf; or
7.
the amount of the Excess as specified in the Policy Schedule.
Claims Procedure
•
All claims must be reported to Claims Department of Blue Cross (Asia-Pacific) Insurance Limited (the "Company") within 14 days after the discovery or occurrence of the incident by filling and completing the SmartBiz Insurance Claim Form.
•
For claim of "Public Liability" or "Employees’ Compensation" under the policy, please immediately notify the Claims Department of the Company.
•
For third Party Liability claim, Insured please provide the Company of all third party correspondences, demand, claim, writ,summons, court documents, court order or judgment, legal correspondence and claim letter.
•
Please do not commence any repair work or dispose any salvage items or damaged documents without the Company’s prior written consent.
•
In the event of claim for the loss of Personal Effect/Money/Deed, document, card, tape, file or transparency not in electronic form or Work of art, it is necessary to report the loss to the police within 24 hours upon discovery of such loss.
•
In case of any event pertaining to fire, theft, robbery, malicious damage, riot or strike, the Insured must report the loss to the police, building management office and/or any other relevant authorities not later than 24 hours after the above loss occurrence and report to the Company immediately.
For details of the claims conditions, please refer to the terms and conditions of the relevant insurance policy.
Documents required for Insurance Application
1. A copy of valid business registration certificate
2.
A copy of latest 3 months wageroll of employees(s), for example:
a. Latest MPF contribution records
b. Financial statements
c. Tax returns
d. Or other relevant documents
Notes
- This brochure is for distribution in Hong Kong only. The distribution of this brochure is not and shall not be construed as an offer to sell or a solicitation to buy or a provision of any insurance product outside Hong Kong. Should there be any discrepancy between the English and the Chinese versions of this brochure, the English version shall apply and prevail. This brochure is for reference only. Please refer to the policy for the exact terms and conditions and the full list of policy exclusions.
- SmartBiz Insurance is underwritten by Blue Cross (Asia-Pacific) Insurance Limited, an authorised insurer in Hong Kong.
- Blue Cross (Asia-Pacific) Insurance Limited is a subsidiary of AIA Group Limited. It is not affiliated with or related in any way to Blue Cross andBlue Shield Association or any of its affiliates or licensees.
or contact the Blue Cross Customer Service Hotline 2839 6377.
This webpage is for reference only. Please refer to the policy for the exact terms and conditions and the full list of policy exclusions. Should there be any discrepancy between the English and the Chinese versions of this material, the English version shall apply and prevail. All insurance product information available on this website is not and shall not be construed as an offer to sell or a provision of insurance products to any person in any jurisdiction outside Hong Kong or a solicitation to such person to buy insurance products.
The insurance plan is underwritten by Blue Cross (Asia-Pacific) Insurance Limited ("Blue Cross"), a subsidiary of AIA Group Limited. The Bank of East Asia, Limited ("BEA") is an appointed insurance agency of Blue Cross. The insurance plan is a product of Blue Cross but not BEA. All benefits payable under the insurance plan are subject to the credit risk of Blue Cross.
In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between BEA and the customer out of the selling process or processing of the related transaction, BEA is required to enter into a Financial Dispute Resolution Scheme process with the customer.
BEA’s sales staff (including direct sales staff and authorised agents) are remunerated not only based on their financial performance, but also according to a range of other factors, including their adherence to best practices and their dedication to serving customers’ interests.
Blue Cross (Asia-Pacific) Insurance Limited is a subsidiary of AIA Group Limited. It is not affiliated with or related in any way to Blue Cross and Blue Shield Association or any of its affiliates or licensees.
