Business Comprehensive Protection Plan
Choosing the right insurance plan is essential to protecting your business and giving you peace of mind. Bank of China Group Insurance Company Limited (“BOCG Insurance”) understands its customers’ needs and is proud to offer the “Business Comprehensive Protection Plan” (“the Plan”), a comprehensive solution tailored for offices and shops1 (including food establishment2). This all-in-one plan consolidates all essential business insurance coverage under a single policy, with flexible and customisable sum insured options.
In addition to a comprehensive range of core protection benefits - including contents and equipment and public liability - customers may also opt for additional coverage such as business interruption, loss of money, personal accident, employee fidelity, employees’ compensation, buildings (fire), and stock, tailored to your individual business needs. This highly flexible and well-rounded plan supports your business growth, so you can focus on what matters most.
Hassle-free Enrollment
For insurance enrolment, please visit any branches or Commercial Centres of BOCHK.
Key Features
- All-in-One Coverage: Protects your offices, shops with a single policy;
- Flexible Options: Choose from three plans, with the Premium Flexible Plan allowing customized coverage amounts, each insured location can be selected different sum insured;
- Free Value-Added Coverage: Enroll in the Streamlined Plan or Premium Flexible Plan (subject to meeting the specified sum insured for contents and equipment or public liability) to enjoy standard free coverages, including Business Interruption, Loss of Money, Personal Accident, and Fidelity Guarantee;
- Optional Add-ons: Employee compensation, Building (fire insurance), and additional stock protection available;
- Green and environmentally friendly: Extend to cover the additional cost of replacing damaged electrical appliances with energy-efficient models.
Protection Tiers
Our all-in-one business insurance is structured into three tiers of protection, allowing you to tailor coverage according to your needs (please refer to product leaflet for details).
Annual coverage limits are calculated in Hong Kong dollars (unless otherwise specified)
Core Protection: Must, Essential core coverage |
1 Contents and Equipment |
HK$150,000 - HK$3,000,000 |
2 Public Liability |
HK$10,000,000 – HK$30,000,000 |
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Value-Added Protection: Complimentary when eligibility criteria are met |
3 Business Interruption |
HK$500,000, extendable to HK$1,500,000 |
4 Loss of Money |
HK$500,000 / HK$50,000 per event, extendable to HK$100,000 |
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5 Personal Accident |
HK$300,000, extendable to HK$500,000 |
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6 Fidelity Guarantee |
HK$20,000, extendable to HK$50,000 |
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Optional Coverage: Additional benefits available at extra cost |
7 Employee Compensation |
HK$100,000,000 |
8 Building (Fire) |
HK$1,000,000 - HK$10,000,000 (industrial buildings) / HK$15,000,000 (shopping malls/commercial buildings) |
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9 Additional Stock |
HK$50,000 – HK$300,000 |
Notes:
1. Exclude retail shops running the sales of gold, silver, jewellery, jade stones, watches, audio or video equipment, computer equipment (except installed with burglary alarm system), antiques, furs, ginseng, dried seafood, mobile phones and the like goods.
2. The sum insured of Contents and Equipment for restaurants or food establishment must be HK$300,000 or above.
Major Exclusion (For details and other exclusions, please refer to the policy):
War or act of terrorism; Confiscation, commandeering or requisition of the Government; Nuclear power and nuclear radiations; Consequential loss or damage of any kind war or act of terrorism; confiscation, commandeering or requisition by the Government; nuclear weapons or nuclear radiation; consequential loss or damage of any kind; loss of or damage to stock stored in a cellar or basement, unless such stock is placed on shelves at least 4 inches above floor level.
Remarks:
- The insured premises must be Class 1 Construction located within the Hong Kong Special Administrative Region.
- The floor area of each insured premises must not exceed 10,000 square feet.
- Food establishments must not have more than 300 seats or operate 24 hours a day, and each insured premises for food establishments must not exceed 3,000 square feet, and the total area of all insured premises must not exceed 45,000 square feet.
Important Notes:
- The Plan is underwritten by BOCG Insurance.
- Bank of China (Hong Kong) Limited (“BOCHK”) is the appointed insurance agent of BOCG Insurance for distribution of the Plan. The Plan is a product of BOCG Insurance but not BOCHK.
- The Bank of China (Hong Kong) Limited is granted an insurance agency licence under the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) by Insurance Authority in Hong Kong SAR. (insurance agency licence no. FA2855)
- BOCG Insurance is authorised and regulated by Insurance Authority to carry on general insurance business in Hong Kong Special Administrative Region of the People's Republic of China.
- BOCG Insurance reserves the right to determine in its sole and absolute discretion whether to accept any application for the Plan on the basis of the information submitted at the time of application by the Proposed Insured and/or Insured Person.
- BOCHK and/or BOCG Insurance reserves the right to amend or withhold any terms and conditions in respect of the Plan without prior notice. In case of any dispute, BOCHK and/ or BOCG Insurance reserves the final right on decision.
- 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 BOCHK and the customer out of the selling process or processing of the related transaction, BOCHK is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the Plan should be resolved directly between BOCG Insurance and the customer.
- This promotional material is for reference only and intended to be distributed in Hong Kong only. It shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any products of BOCG Insurance outside Hong Kong. Please refer to the policy documents and provisions issued by BOCG Insurance for details (including but not limited to insured items and coverage, detailed terms, key risks, conditions, exclusions, policy costs and fees) of the Insurance Plan. For enquiry, please contact the branch staff of BOCHK.
- Details of the coverage of the Plan are subject to the terms and conditions stipulated in the policy by BOCG Insurance. Please refer to the policy document for the details of the insured Sections and coverage, provisions and exclusions.
The Insurance Authority (“IA”) will collect premium levy from the policyholder at the applicable rate. In order to avoid any legal consequences, the policyholder must pay to the insurance company a prescribed levy for the premium for direct remittance to the IA. The levy amount may be subject to change depending on the applicable rate. For details, please visit IA's website www.ia.org.hk.
