WELCOME TO INSURE HUB PTE LTD

 


Product

PROTECTING YOUR INTEREST

Insurance agents play a vital role in the insurance purchasing process. As such, Insure Hub provides a full range of traditional and alternative risk management strategies. Complete spectrums of insurance cater for your Company needs.


Marine Insurance and marine cargo insurance cover the loss or damage of ships at sea or on inland waterways, and of the cargo that may be on them. When the owner of the cargo and the carrier are separate corporations, marine cargo insurance typically compensates the owner of cargo for losses sustained from fire, shipwreck, etc., but excludes losses that can be recovered from the carrier or the carrier's insurance. Many marine insurance underwriters will include "time element" coverage in such policies, which extends the indemnity to cover loss of profit and other business expenses attributable to the delay caused by a covered loss.

More types of Marine Coverage:-


Inland Marine Insurance

This broad type of coverage was developed for shipments that do not involve ocean transport. Covers articles in transit by all forms of land and air transportation as well as bridges, tunnels and other means of transportation and communication. Floaters that cover expensive personal items such as fine art and jewelry are included in this category.


Ocean Marine Insurance

Coverage of all types of vessels and watercraft, for property damage to the vessel and cargo, including such risks as piracy and the jettisoning of cargo to save other property. Coverage for marine-related liabilities. War is excluded from basic policies, but can be bought back.

In Singapore it is against the law to drive a motor vehicle on the road without a valid insurance policy. The minimum requirement is that the policy provides cover for personal injury to other parties.


Click for More info

Insurance that pays for medical care and physical rehabilitation of injured workers and helps to replace lost wages while they are unable to work. State laws, which vary significantly, govern the amount of benefits paid and other compensation provisions.


Click for More info

Aviation insurance covers the hull and liability hazards of both commercial airlines and private aircraft; it does not include accidental injury or death coverage, which companies issue separately. During the 1960s and 1970s, many new companies entered this field, primarily as reinsurers. These companies compete among themselves and with foreign insurance carriers (mainly Lloyd's of London) for both U.S. and foreign aviation business.


One problem associated with aviation insurance is the constant exposure to catastrophic loss. As speed, size of equipment, fuel load, and passenger capacity continue to increase, the catastrophe hazard grows in direct proportion. There are too few commercial aircraft at risk to allow successful operation of the "law of large numbers," upon which underwriters rely to predict losses. Therefore, aviation underwriters must rely on their own judgments in determining rates.

Business Insurance can be any kind of insurance that protects businesses against risks. Some principal subtypes of business insurance are (a) the various kinds of professional liability insurance, also called professional indemnity insurance, which are discussed below under that name; and (b) the business owners policy (BOP), which bundles into one policy many of the kinds of coverage that a business owner needs, in a way analogous to how homeowners insurance bundles the coverages that a homeowner needs.

Reinsurance for catastrophic losses. The insurance industry is able to absorb the multi-billion dollar losses caused by natural man-made disasters such as hurricanes, earthquakes and terrorist attacks because losses are spread among thousands of companies including catastrophe reinsurers who operate on a global basis. Insurer's ability and willingness to sell insurance fluctuates with the availability and cost of catastrophe reinsurance. After major disasters, such as Hurricane Andrew and the World Trade Center terrorist attack, the availability of catastrophe reinsurance becomes extremely limited. Claims deplete reinsurers' capital and, as a result, companies are more selective in the type and amount of risks they assume. In addition, with available supply limited, prices for reinsurance rise. This contributes to an overall increase in prices for property insurance.

Insurance for what the policyholder is legally obligated to pay because of bodily injury or property damage caused to another person.

Coverage for glass breakage caused by all risks; fire and war are sometimes excluded. Insurance can be bought for windows, structural glass, leaded glass and mirrors. Available with or without a deductible.

Travel insurance provides you with peace of mind in the event of unforeseen circumstances which result in any possible losses before, during and even after an overseas trip.Unforeseen circumstances include cancellation of trip due to serious illness, accidental injury, high medical bills, travel disruption, loss of personal belongings and personal liability.

Home Insurance provides you and your family against perils such as fire, lightning, earthquake, theft (forcible & violent entry) as well as Third Party liability homeowner in respect of damage as well as costs and expenses of litigation incurred in the event of a claim against the insured for injury or for damage to property. Providing protection for your home is definitely a prudent investment. Whether you are a Houseowner, Landlord or Tenant, you need to protect this dear asset of yours.


At the same time, you enjoy extended benefits:-

  • Loss of Money
  • Breakage of Glass or Fixed Mirrors
  • Cost of removing Debris
  • Loss of Rent / Cost of Alternative Accommodation
  • Temporary Removal
  • Fire Extinguishing Costs
  • Replacement of Locks and keys following a Break-in
  • Worldwide Personal Liability
  • Family Personal Accident

In January 2008, employers are required by the Ministry of Manpower (MOM) to purchase medical insurance to protect the well-being of their foreign employees. With effect from 1 January 2010, the minimum insurance coverage for foreign employees will be increased from $5,000 to at least $15,000 a year. This is to help employers cushion the impact of large hospital expenses.


it provides your foreign employees with 24-hour coverage for medical treatments that may arise from non-work related accidents with only at a low annual premium.

The Foreign Domestic Worker scheme allows employers to employ foreign domestic workers from approved sources such as Malaysia, the Philippines, Indonesia, Thailand, Myanmar, Sri Lanka, India and Bangladesh.The employment must provide a Security Bond that requires the employer to place a $5,000 deposit with the Singapore Immigration Department or in lieu of it, a bankers' or insurance guarantee. Since 1 March 1997, employers must also arrange a Personal Accident policy for a minimum sum insured $10,000 before their work permit can be granted or renewed. The beneficiaries of the policy have to be the foreign worker or her next-of-kin.


Overview

It is important to note that under a Foreign Domestic Maid Insurance policy, the INSURED PERSON is the foreign maid and not the employer, who is the POLICY-OWNER or the INSURED.

it provides your foreign employees with 24-hour coverage for medical treatments that may arise from non-work related accidents with only at a low annual premium.


Personal accident

Being the compulsory insurance coverage that all employer must provide this section provides the INSURED PERSON (the maid or her legal representatives) lump sum benefits (minimum $10,000) in the event of accident death or bodily injury caused by violent, external and visible means.


Table of Compensation

  • i. Death $10,000
  • ii. Total Permanent Disability $10,000
  • iii. Loss of all sight in both eyes $10,000
  • iv. Loss of two limbs $5,000
  • v. Loss of sight if one eye $5,000

Generally, the insurer will NOT PAY for any claims arising from:

  • - The insured person's willful exposure to needless perils (except in an attempt to save human life);
  • - Criminal acts;
  • - Self-injury, suicide, provoked assault, intoxication, insanity, venereal disease, physical defect, pregnancy and childbirth;
  • - The insured person taking part in flying or other aerial activities, except as a fare-paying passenger in a licensed aircraft;
  • - Motorcycling;
  • - The insured person engaging in dangerous activities such as rock climbing and parachuting
  • - The insured person participating in any military operations.

Medical Expenses

This section provides reimbursement for outpatient medical charges up to the specified limit.


Hospital and surgical expenses

This section covers the insured person while she is hospitalized due to accidental bodily injury, sickness or disease, but for expenses incurred in Singapore only and up to the specified limit. Expenses covered included room and board, surgical and operation fees and miscellaneous hospital service charges. PROVISIONS for this section include:

  • - The expenses incurred under a standard Class "C" ward in a Government/Restructured Hospital, or Class "B2" in the event that Class "C" ward is not available.
  • - The sickness, disease or injury is suffered or sustained during the period of insurance and in respect of the insured person concerned.

Repatriation Expenses

Expenses incurred by the employer, arising from accident, sickness, disease or suicide of the insured person, covered under this section includes:

  • -Transportation of the insured person to her home country, in the event of serious or terminal illness or Total Permanent Disablement of the insured person preventing her from continuing with the employment;
  • -Burial or cremation of the insured person and/or the transportation of the body or remains to her home country, in the event of death of the insured person.

This is PROVIDED that:

  • A detailed account of the claim is submitted to and approved by the insurer; and
  • The death or disablement is not caused directly or indirectly by the employer.

Termination Expenses This section pays for the expenses incurred in respect of terminating the services of the maid due to her prolonged terminal or serious illness, up to a maximum amount.


Please enter your username and password.

Username:*
Password:*

Please refer to the activation email send to your account for the password.