The TM Asia Insurance Theft Policy protects your business against loss due to property stolen from your premises. As such, you don’t have to worry that you need to incur additional capital to put your business back to its present position.
You can purchase a Theft Policy to cover your stock in trade, office equipment, plant and machinery and whatever contents you have for your business.
Important points to note for the Theft Insurance are:
- The property must be in the premises described in the Policy and not in the yard or outbuilding. Property temporarily removed from the premises is not covered;
- There must be forcible and violent entry into or out of the premises;
- Loss or damage to property by thieves is covered, as well as damage caused to the premises by thieves breaking into or out of the premises or any attempt thereat.
The sum insured can be either on a:
- Full Value Basis
Maximum full value of the property to be insured;
OR
- First Loss Basis
Maximum amount thieves are expected to be able to get away with.
