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FAQ

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Business Insurance

Why do I need the All-in-One Policy and the Body Corporate and Office Bearers’ Liability Insurance Policy, apart from the mandatory Fire Policy?

Your Joint Management Body (JMB) or Management Corporation (MC) is responsible for the interests of many parties including the members of the JMB or MC, the unit owners and the residents.

The All-in-One Policy is designed for your convenience to protect your JMB or MC against many different types of unexpected losses in one policy with a competitive premium. Meanwhile the Body Corporate and Office Bearers’ Liability Insurance Policy insures the JMB or MC itself and its members against any claim or legal action they may face due to their negligence or wrongful acts committed or allegedly committed in their capacity as such.

Who is insured under the Body Corporate and Office Bearers’ Liability Insurance Policy?

The Joint Management Body (JMB) or Management Corporation (MC) itself as an entity and any of its past, present or future elected member are insured under the Body Corporate and Office Bearers’ Liability Insurance Policy.

How do I make a claim?

Please provide a written notice to the Company with full details within 7 days upon receiving notice of or sustaining any accident, loss or damage. You may contact any MSIG Branch or your Insurance Adviser. Submit all relevant and necessary documents to the Company as soon as possible.

What do I need to do if there are changes to my contact details?

It is important that you inform MSIG of any change in your contact details to ensure that all correspondences reach you in a timely manner.

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