Malayan launches multi-purpose business insurance

MANILA, Philippines - Owning and running a business is exciting and rewarding, but there is a string of impending internal and external risks that may arise during operations.

Operational, environmental, and health and safety aspects of the business are most susceptible to risks.

A slip and fall accident or a food poisoning incident could cause financial distress to the business as both may lead to legal charges or huge settlement.

This is why Malayan Insurance Co. (Malayan) strongly encourages entrepreneurs to secure their operation by getting business insurance with tucked-in comprehensive general liability (CGL) cover. 

Malayan offers fire and CGL insurance in one bundled policy known as Business Protect.

This product has property insurance that covers the establishment’s need for fire and flood protection, and CGL cover that safeguards the insured against lawsuits and legal liabilities to third parties that may occur during the normal course of business.

Business Protect’s CGL feature also covers premises liability, fire legal liability, and tenant’s liability of up to P500,000 each.

It likewise includes medical payment due to deleterious matter in food and beverages, which is a useful cover for restaurants and other food kiosks and water stations.

Apart from CGL coverage, Business Protect also has other value-added features such as personal accident (PA) insurance. For more information about Malayan’s Business Protect, visit www.malayan.com or call (+632) 628-8600.