Commercial & Property Classes
MIT provides advisory and procurement of a wide spectrum of traditional insurance of property for assets protection. Insurance of property is designed to protect buildings, machinery, office equipment, business machines, computer systems and peripherals, stocks, and etc. against Fire and Allied Perils, Burglary risks and accidental damage including malicious damage. The cover usually designed is based on the location of risks coupled with potential exposures of the property intended to be insured. MIT is able to design tailor made coverage as well as off the shelf products available in the local market. The protection of assets is not confined to material damage solely but for certain type of policies, loss of profit / consequential loss / business interruption cover can be attached.
Assets protection insurance can be arranged on an umbrella basis as well as stand alone cover, depending on the requirement of the asset owners. However, there are selected type of assets for a certain type of industry that would usually be insured under the Large and Specialized Risks category such as Marine & Aviation Hull, Independent Power Plant, Oil & gas sector including Petrochemical and Hydrocarbon plant and etc., as detailed out under our Large and Specialized Risks section.
MIT’s experienced property insurance team is able to provide guidance on the basis of insurance to be arranged and procured for and on behalf of its clients.