LMG SME Value For Servicing Business

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Key Benefits

1

To be specifically tailored for service business

2

To offer the coverage of various perils in a single policy

3

To offer the high coverage amount

4

To give the compensation for the loss of revenues when the business suffers the damage*

5

To pay an additional coverage for the peril of flood.*

*Subject to conditions required by LMG

We have got your needs covered

Compare our plans in details, you'll definitely find something that suits you

Main Coverage	Sum Insured

Benefit schedule

SME Value for Servicing plan offers the coverage for the service business, e.g., food shop, restaurant, in-hotel restaurant, café and bakery shop, internet shop, beauty shop and spa. The coverage includes the insured building (excluding foundation), and other contents within such insured property from the major coverage and other extra additional coverage provided by LMG.


1. Fire, lightning, windstorm, vehicle impact, smoke, aircraft, water damage, bush fire, earthquake, explosion, riot strikes, malicious acts and vandamlism, hail excluding flood	THB 500,000 or higher
2. Loss or damage caused by burglary to the insured property with forcible enter / exit including robbery at insured premises	Maximum THB 100,000 any one accident and THB 500,000 in aggregate
3. Loss of cash in premises caused by burglary	Maximum THB 100,000 any one accident and in aggregate
4. Third party liability for bodily injury and property damage	Maximum THB 100,000 any one accident and THB 1,000,000 in aggregate

Additional coverage


5. Loss or damage to plate glass caused by accidental breakage	Maximum THB 100,000 any one accident and in aggregate
6. Electrical injury	Maximum THB 100,000 any one accident and in aggregate
7. Repair cost of entrance caused by burglary	Maximum THB 200,000 any one accident and in aggregate
8. Cost of debris removal from loss under major coverage 1	Maximum 10% of loss of any one accident
9. Cost of fire extinguishing	Maximum 10% of loss of any one accident
10. Rental cost of temporary outlet	THB 2,000 per day / Maximum THB 60,000 any one accident
11. Personal effects	Maximum THB 5,000 any one accident
12. Loss of income	THB 1,000 per day / Maximum 30 days any one accident
13. Loss or damage to neon sign board caused by an insured perils and accident	Maximum THB 50,000 any one accident and in aggregate
14. Compensation for death within the insured premise of the insured and/or any member of the insured's family and/or any person normally residing with the insured for 4 persons (name basis) caused by an insured perils item 1 and 2	THB 100,000 per person / Maximum THB 400,000 any one accident and in aggregate

Notes

Insurance Terms and Conditions

The location or place of keeping the subject matter of insurance must be the first-class or full-concrete building. If located in a regional area, it must be in the zone where the underwriting is specified as a general zone.
The insured’s premises must not be located in a department store or shopping mall announced as a dangerous zone by the Office of Insurance Commission (OIC).
The Company’s liabilities for all coverages must not exceed the sum insured as specified in Item 1 of the main coverage.
The Company shall inform in advance for the risk survey is needed.

General Exclusions

The building construction is wood or timber, or half-timbered or the insured’s property is located in a dangerous block area or slum.

Valuables such as banknote, bonds, gold bar, gems, antiques or works of art, document, drawing, diagram, painting, securities, mold or block, stamp duty, etc.
Glassware, porcelain, ceramic porcelain, marble, or other fragile objects.
Explosives, all types of vehicles, either by land, water, or air.
Damage caused by terrorism, sabotage.
Exclusion of the coverage for electronic data and internet.

For more information, please contact nonmotor@lmginsurance.co.th

This brochure is not an insurance contract. The precise terms and conditions are specified in the policy contract. The applicant should study coverage details and conditions before applying for an insurance policy.