Allianz General launches customisable insurance packages for SMEs

The Allianz Business Shield aims to help SMEs to minimise their business risks.

Allianz General Insurance Company (Malaysia) Berhad recently launched its newest product Allianz Business Shield, aimed at helping small and medium enterprises (SMEs) minimise their business risks in times of crisis.

Allianz Business Shield is a revamp of last year’s Smart Retail Shield. 

It offers flexible and comprehensive insurance solutions for 63 occupation classes. SMEs can now select their preferred coverage based on their business needs and customise their sum insured. Using fire insurance as a base coverage, SMEs have the option to add on any of the 17 coverages available, from Inconvenience Relief Benefit with COVID-19 coverage, Group Personal Accident to Burglary, Machinery Breakdown, Goods in Transit, and more based on their business needs.

“Allianz Business Shield allows SMEs to tailor their protection portfolio, selecting the types of coverages that resonate with their business needs and the sum insured. That way, SMEs are in full control of the type of coverage and the sum insured they are comfortable with, and Allianz General will take care of the rest,” said Horst Habbig, chief sales officer of Allianz General.