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SME
LMG SME Value For Shop Owner
Protect your business for retail shops to ensure no business interruption
Key Benefits
1
To be specifically tailored for shop 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 income 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 / Limit of Liability |
|---|
- Benefit schedule
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SME Value for Shop Owner plan offers the protection for shop business, e.g., florist, bakery house, pet shop, laundry, glasses shop, bicycle shop, drug store, gift shop. The coverage includes the insured building (excluding foundation), and other contents within such insured premise from the major coverage and other extra additional coverages provided by LMG.
1. Fire, lightning, windstorm, vehicle impact, smoke aircraft, water damage, bush fire, earthquake, explosion, riot strike, malicious acts and vandalism, hail. THB 500,000 or higher 2. Loss or damage caused by burglary to the insured property with forcible entry/exit, including robbery at insured premises Maximum THB 100,000 any one occurrence and THB 500,000 in aggregate 3. Loss of cash in premises caused by burglary Maximum THB 100,000 any one occurrence and in aggregate 4. Third party liability for bodily injury and property damage within the insured premises Maximum THB 100,000 any one occurrence and THB 1,000,000 in aggregate - Special Extended Coverage
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5. Loss of damage to plate glass caused by accidental breakage Maximum THB 100,000 any one occurrence and in aggregate 6. Electrical injury / self heating Maximum THB 100,000 any one occurrence and in aggregate 7. Repair cost of entrance caused by burglary Maximum THB 20,000 any one occurrence and in aggregate 8. Cost of debris removal from loss under major coverage 1 Maximum 10% of loss any one occurrence 9. Cost of fire extinguishing Maximum 10% of loss any one occurrence 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. Damage to Neon Sign or Sign Board caused by fire, lightning explosion, burglary and accident Maximum THB 50,000 any one occurrence and in aggregate 14. Compensation for death within the insured premises of the insured and / or any member of 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
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- The package applies to Superior class (Concrete with steel roof beam and tile roof). For Upcountry, premise must locate in general common area only.
- The insured’s premises must not be located in a department store or shopping mall or a dangerous zone announced by the Office of Insurance Commission (OIC).
- The company’s limit of liability should not exceed the sum insured under main coverage 1.
- The Company will inform in advance in the event of survey is required.
- General Exclusions
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- Wooden or half wooden premises or locate in conflagrative block
- Gold and gold bullion, jewelry, gems, precious stone, antiques, documents manuscripts, paintings, securities, mold or block , stamps etc.
- All explosive items, all vehicle either roaduse, waterborne or airway
- War and Terrorism exclusion
- Y2K / millennium exclusion
- Electronic data and internet exclusion
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.
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