Updated on 8 Dec 2005

Target Market Segments

The Lite Industrial Pac is specially designed for selected business activities among Manufacturing, Trading, Storage, Printing and/or Publishing segments.

This package is not applicable to the following:-

(a) any business that is not within the selected acceptable business activities mentioned below, and
(b) any business that is within the excluded trades,premises, and/or business activities mentioned below. 

Acceptable Business Activities Excluded Trades, Premises or Business Activities:
Manufacturing
  • Electronics Components, Computers and Computer Peripheral Equipment
  • Fabricated Metal Products and Structured Metal Products
  • Industrial Machinery
  • Machine Tools
  • Metal Doors, Frames, Windows Grilles
  • Metal Stamping
  • Motor Generators
  • Printed Circuit Boards
  • Signs and Advertising Specialities
  • Special Dies, Tools, Jigs and Fixtures and Industrial Mould (Metal)
  • Silverware, Plated Ware and Stainless Steelware

Trading/Storage

  • Apparel and Footwear
  • Automobiles and Other Vehicle Supplies and Parts
  • Computers, Computer Peripheral Equipment and Software
  • Commercial Equipment
  • Electrical Appliances, Parts and Equipment
  • Groceries and Related Products
  • Hardware
  • Home Furnishing
  • Industrial Machinery & Equipment & Supplies
  • Office Equipment & Supplies
  • Professional Equipment & Supplies

Printing/Publishing

  • Publishing/Printing Services
  • Premises with external walls wholly or partly built of wood
     
  • Property kept in the open
     
  • Chemicals (flammable, toxic or explosive), fireworks and other explosive goods
     
  • All types of plastic goods manufacturing
     
  • Use of furnace or kiln
     
  • Premises shared with other business or sub-letting to other occupants
     
  • Contractors or risks involving construction activities such as demolition of structures, piling works, blasting works and the like.
     
  • Blasting, smelting or other operations involving hazardous activities
     
  • Risk involving aviation or railroad operations
     
  • Offshore works, ship building and/or ship repairing activities
     
  • Risks not situated in Singapore
     
  • Any works involving height of more than 30 feet above ground/floor level
     
  • Contract value exceeding S$500,000 for installation or maintenance works

Schedule of Coverages:-

Section 1 : Fire and Extraneous Perils (Compulsory)

  • Fire and/or Lightning

  • Aircraft Damage

  • Bursting and Overflowing of Water Pipes

  • Earthquake, Windstorm, Volcanic Eruption, Hurricane, Cyclone, Typhon including Full Flood

  • Smoke Damage

  • Standard Explosion

  • Vehicle Impact Damage

  • Malicious Damage

  • Riot and Strike

Section 2 : Consequential Loss (Free)

  • Cover loss of profit and/or additional expenditure up to $250 per day for a maxiumum of 100 days.

Section 3 : Burglary (Optional)

  • Cover loss and/or damage to your property from forcible and violent entry into/exit from Insured premise.

Section 4 : Money (Free)

  • Cover theft of money and securities (inside and outside premises up to $5,000

Section 5 : Workmen Compensation (Optional)

  • Cover the employer for his liability under Workmen's Compensation Act (Cap 354) to pay compensation to his employees who suffer bodily injuries in the course of employment.

Section 6 : Public Liability (Compulsory)

  • Cover against third party property damage and/or third party bodily injury as a result of insured's business operation.

           
Download Forms
           
   
Guide to View e-Brochure & Application FormGuide to View e-Brochure & Application Form
 
 
 
Lite Pac
 
   
           
   
For more information

Contact:

Commercial Lines Contact Centre
 Hotline: (65)6419-1800
Fax: (65)6835-7413
Email: CLServices.ahasgp@aig.com

   
Copyright © American International Group, Inc. All Rights Reserved.
Please read this Privacy, Disclaimer and Special Notice.
Minimum browser requirement IE 5.5 & Netscape 4.7
Asia