SMALL BUSINESS MEDICAL PLAN INSURANCE

Medical Plan insurance for small business is medical insurance that involves hospitalization, surgical protection, critical illnesses and long-term care benefits.

What is Medical Plan insurance for small business?

As a small business owner, you may find yourself balancing what is essential to the well-being of your business, especially when it comes to all the different types of insurance you could decide to buy.

It may be tempting to skip out on buying it, but small business plan insurance could be the only thing standing in the way of financial ruin if there is an injury on the business property or damage caused in some way by the company.

AIA Public Takaful Group Hospitalisation and Surgical (GHS) Insurance Package

Takaful GHS Insurance Package Configurator

Takaful Group Hospitalization and Surgical (GHS) Insurance is an Islamic compliant insurance policy for companies. It is underwritten by AIA Public Takaful Bhd.

There are 2 main coverage benefits. You choose the plans by:

The hospitalization and surgical benefits plans by room types and annual cap or limits.
- Compassionate Allowance of RM 10,000 available on all plan options.
The outpatient treatment benefit by annual cap or limits on Specialist clinics visits. GP visits are unlimited.

When do I need Medical Plan Insurance?

There are four things every small business owner should know about how Medical Plan Insurance for small business works.

Coverage is generally guaranteed issue
You need at least one employee to qualify
You must contribute toward employee premiums
And you can shop for coverage at any time of the year

Our medical insurance plan helps you save money on healthcare costs and keep your employees informed, healthy and happy. And a healthy worker means a healthier bottom line. Our plan is also well-managed, so you can focus on what you do well – run your business.

Why do I need medical plan insurance for my business?

Getting coverage through a small business medical insurance plan can be cheaper than buying for your own shelter. It can help attract and retain better staffs, increase productivity by ensuring everyone is healthy, and may also save money with credit and tax deductions.

AIA Medical Insurance Card Malaysia

This is a medical insurance plan from AIA Insurance.
- A-Life Med Regular provides you the medical coverage up to the age 100.
- A-Life Med Regular pays your medical claim in full, without imposing any co-insurance or deductible charges.
- You can be the policy owner for your spouse and children to register for medical insurance
- You can get income tax relief with this medical card up to RM3,000

There are several important types of insurance coverage for small professional service providers: professional liability insurance, general liability insurance, and business owner policy. Small businesses with one or more staffs should also consider employee compensation insurance.

Professional liability insurance, also known as insurance errors and omissions, protects the business from claiming that negligent business in performing their professional services or failing to perform their services. This type of insurance is unique as it ensures the actual service your business provides versus other types of insurance that usually protects against more general risks. All professional liability insurance buyers should ensure that their insurance policies will appoint a lawyer to defend them against legal proceedings, although there is no mistake.

General liability insurance coverage covers physical damage to the property of others or injuries to others, as well as protection from claims of libel and slander. Many landlords will require their tenants who rent space in their buildings to carry this type of insurance so they can protect their property.

Small businesses that own their own buildings and have valuable business equipment may wish to consider a business owners’ policy. This type of insurance protects against damage to the property owned and used by the business and also combines the coverage found in general liability.

Which is the right one?

It is important for businesses to work with insurance carriers who understand their business so that they can be tailored to meet their specific needs. For example, if your subcontract business does work for others, it is important for the policy to accommodate the subcontractor’s work. Otherwise, you may be left liable if one of the subcontractors makes a mistake and your policy does not cover their work. Employer Liability Insurance is another very important policy to protect your business.

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Medical, Life and Group Insurance