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SMEs in Hong Kong are mostly upbeat about their business, but not the broader economy, according to a research study entitled ‘SMEs: Navigating Opportunities and Risks’ and commissioned by QBE Hong Kong. The finding is alarming as SMEs seem to be underestimating the emerging risks and underprepared amid global and market volatility. In fact, many are under-protected against some of the most common risks. Given that they employ nearly half of the workforce in the city, the consequence could be profound for the business and possibly the economy at large. 

At QBE Hong Kong, we design comprehensive business insurance solutions to meet the needs of SMEs. We know having the right protection in place will give you peace of mind and the confidence to focus on your business.

Shop / Office Protection Package

If you are after a simple, packaged solution to protect your business against the most likely risks, you can consider this all-in-one solution.

The product is designed for small businesses that meet the following criteria:

  • Up to 50 employees
  • Turnover up to HK$115 million
  • Property Sum Insured up to HK$150 million

     

Cover Section Shop Protection Package (HK$) Office Protection Package (HK$)
Trade/ Office Contents All Risk $150,000,000 $150,000,000
Business Interruption/
Loss of Income
$500,000 $1,000,000
Breakage of
Glass
$50,000 or
10% of Trade Contents,
whichever is lesser
N/A
Money
$30,000 $50,000
Malicious
Attack
$1,000,000 $1,000,000
Public Liability $10,000,000 $10,000,000
Optional Cover (HK$)
Employees’
Compensation
$200,000,000 $200,000,000
 

Business Insurance Solution

We understand that no two businesses are the same, so too are your insurance needs. If you are looking for broader coverage, this product is for you. It offers a bespoke solution that can be tailored to your specific needs and budget.

The product is designed for SMEs that meet the following criteria:

  • Up to 50 employees (For SMEs with 50 or more employees, please contact your QBE account handler for a customised quotation)
  • Turnover up to HK$200 million
  • Property/Business Interruption Sum Insured up to HK$80 million

With the option to take out either a mono line or bundled policy, you can save time and money by consolidating your insurance needs into one policy, with one insurer. You can choose from 10 different insurance covers to tailor fit your specific needs.

Product classes with mono line or bundled policy options:

Mono Line Policy  Bundled Policy
Options that can be taken individually:
  • Property All Risks
  • Public and Products Liability
  • Inland Transit
  • Group Personal Accident
Options that can be taken up with Property All Risks:
  • Business Interruption
  • Miscellaneous Property
  • Money
  • Machinery Breakdown and Electronic Equipment
  • Fidelity Guarantee
Option that can be taken up with Property All Risks or Public and Products Liability:
  • Employees’ Compensation
 

Business Insurance Solution offers two levels of coverage with different limits, depending on your needs:


Cover Section Standard Package (HK$) Superior Package (HK$)
Property All Risk Up to $80,000,000 Up to $80,000,000
Business Interruption 
- Increased Cost of Working
$500,000 $1,000,000
Public Liability $10,000,000 $20,000,000
Miscellaneous Property
- Portable Electronic Equipment
- Musical/ Sports Equipment
- Art/ Antique/ Wine/ Tea/
  Valuable Collection
$10,000
$10,000
$10,000
$10,000
$10,000
$10,000
Money
- Blanket Cover
$50,000 $100,000
Fidelity Guarantee 20,000 $30,000
Inland Transit
- All Risk
- Overland Transportation
$100,000 $100,000
Optional Cover (HK$)
Personal Accident
- Death and Permanent
Disablement
- Temporary Disablement
- Medical Expenses

 

Up to $6,000,000

Up to $6,000
Up to $300,000

Employees’ Compensation Limit of liability: up to $200,000,000
 

Important Notice:
The above only serves as a general description of our products and services. For full product details and coverage, please check with your local insurance broker or a QBE authorised agent.

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