Clema Risk Solutions Clema Risk Solutions
Get a Quote
  • Business Insurance
    • Business Interruption Insurance
    • Business Owner’s Policy
    • Cargo Insurance
    • Commercial General Liability Insurance
    • Credit Insurance
    • Cyber Insurance
    • Directors and Officers Liability Insurance
    • Employee Compensation Insurance
    • Medical Malpractice Insurance
    • Product Liability Insurance
    • Professional Indemnity Insurance
    • Property Damage
    • Public Liability Insurance
  • Employee Benefits
    • Accidental Death and Dismemberment Insurance
    • Critical Illness Insurance
    • International Health Insurance
    • Term Life Insurance
    • Travel Insurance
  • Industry Solutions
    • Asset Management and Funds Insurance
    • Online Seller’s Insurance
    • Schools and Educational Institutions’ Insurance
    • Veterinary Clinic Insurance
  • About Us
  • Resources
  • Contact Us
  • Cargo Insurance
Clema Risk Solutions Clema Risk Solutions
  • Business Insurance
    • Business Interruption Insurance
    • Business Owner’s Policy
    • Cargo Insurance
    • Commercial General Liability Insurance
    • Cyber Insurance
    • Directors and Officers Liability Insurance
    • Employee’s Compensation Insurance
    • Medical Malpractice Insurance
    • Product Liability Insurance
    • Professional Indemnity Insurance
    • Property Damage
    • Public Liability Insurance
  • Employee Benefits
    • Accidental Death and Dismemberment Insurance
    • Critical Illness Insurance
    • International Health Insurance
    • Term Life Insurance
    • Travel Insurance
  • Industry Solutions
    • Asset Management and Funds Insurance
    • Online Seller’s Insurance
    • Schools and Educational Institutions’ Insurance
    • Veterinary Clinic Insurance
  • About Us
  • Resources
  • Contact Us
  • Get a quote
Mar 10
insurance for business in Hong Kong

What are the insurance to consider for your business in Hong Kong?

They are many key incidents that need to be considered and managed during the life of an entrepreneur: supply chain interruption, work accident, physical damage to your assets, civil commotions., work accident and more.

The potential outcome of these incidents could be numerous and can have a direct and costly impact on your business. Transferring part of your risks to the insurance companies could be one solution.

When you are a small to medium size business in Hong Kong, there are 3 types of insurance you should consider.

1 – Business Package insurance

The business package insurance includes several type of insurance coverages necessary for small and medium size businesses in Hong Kong.

It comprises some core covers such as property damages, business interruption, public liability and the employee’s compensation insurance which is requested by the Hong Kong Law.

The business package insurance usually offers competitive pricing and a broad variety of protection under one single insurance contract. However, this is not all the time easy to read and understand as it is made of several coverages different in nature and in scope with some specific exclusions and extensions.

At Clema Risk Solutions, we are here to help you navigating between the different covers and to help you designing the program adapted to your risk profile and your needs.

2 – Employees Benefits

The public medical system in Hong Kong is known to be highly qualitative with highly trained staff. However, due to the ageing of the population and lack of investment, it is becoming overcrowded so that the access to it is challenging with long waiting period.

The solution in this case is to go into the private medical system. This system is very efficient, offers numerous options and is accessible. This is very expensive though. Hong Kong private medical system is famous to be one of the most expensive in the world.

To know more about the medical system in Hong Kong, this video from the South China Morning Post is very useful.

One of the solutions to help and support your employees to tackle the medical costs in Hong Kong is to set up a corporate medical insurance.

This insurance will include several types of inpatients and outpatients benefits and will increase the employee satisfaction.

3 – Other type of insurance businesses should consider

Depending on the nature and the size of your business, some other insurance covers maybe necessary. These insurance coverages are often more technical and requires a more thorough underwriting process:

  • Directors and Officers insurance
  • Product Liability insurance
  • Professional Indemnity insurance
  • Cargo insurance
  • Travel insurance
  • Cyber insurance.
  • Kidnap and Ransom

Claims will be less frequent, but they are usually more severe, so this is crucial to set up the adequate cover. At Clema Risk Solutions, we do our best to have a simplify and transparent approach. We think that a client well informed is a happy and well protected client.

Looking for business insurance in Hong Kong?

With our team of 20 associates in Asia, we will be pleased to tell you more about the insurance to consider for your business in Hong Kong. Don’t hesitate to send us an email. As entrepreneurs ourselves we love to hear about other business stories.

You can also visit our website to find out about the other insurance services we offer.

  • Facebook
  • Twitter
  • Tumblr
  • Pinterest
  • Google+
  • LinkedIn
  • E-Mail

Comments are closed.

Recent posts

  • The 3 levels of liability insurance for technology companies
  • Can I insure my cryptocurrencies?
  • How do I calculate the value of my contents and stocks for my business insurance in Hong Kong?
  • Does your employees’ compensation insurance covers your company when your employees are working from home?
  • Do Startups need business insurance?

Categories

  • Business Insurance (42)
  • Business insurance package (3)
  • Business Interruption (3)
  • Business Owner's Policy (2)
  • Credit insurance (1)
  • Cyber Insurance (5)
  • Directors and Officers Liability Insurance (3)
  • Employee Benefits (6)
  • Employer's Liability (4)
  • Health Insurance (2)
  • Marine Cargo Insurance (1)
  • Online Sellers Insurance (2)
  • Product Liability (4)
  • Professional Indemnity (6)
  • Property damage Insurance (1)
  • Public Liability (5)
  • Service Insurance (2)
  • Term Life Insurance (2)
  • Travel Insurance (1)
  • Uncategorized (1)
  • Business Insurance
  • Employee Benefits
  • About Us
  • Resources
  • Manage your Policy
  • Contact Us
  • Privacy Policy

Subscribe to our newsletter

Offices

Singapore
883 North Bridge road,
#0604 Softbank,
Singapore 198785
T: +65.6493.2428
hello@clema-rs.com
www.clema-rs.com

Shanghai
Room 608, No.1900 Tian Shan Road, Changning District, Shanghai,China
T: +86.21.3251.5535
hello@clema-rs.com
www.clema-rs.cn

 

Hong Kong
99 Hennessy Road
Bayfield Building, Room 2301, 23F
Wanchai HK
T: +852.5508.8017
hello.hk@clema-rs.com
www.clema-rs.com.hk

France
4 Rue des Orphelines
77160 Provins,
France
hello@clema-rs.com

Linkedin
Made by Them You & Me
Thank you

Thank you for your interest in Clema Risk Solutions. We will respond to your inquiry in the next 24hrs.

What are you looking for?

Business Insurance OR  Employee benefits

Enter your details to proceed

 

Enter your details to proceed

 

 

Enter your details to proceed

 

You are a resident in:

Singapore

You need insurance for

An Individual OR  A Group