Business Property Insurance (SME) Thailand: Coverage Guide | CheckDi

Explore comprehensive Business Property Insurance options for SMEs in Thailand. Learn about coverage, costs, and application process. Protect your business from just 1,451 baht/year.

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Business Property Insurance (SME) in Thailand: Comprehensive Protection for Your Enterprise

Looking for comprehensive Business Property Insurance or SME Insurance in Thailand? At CheckDi we offer plans starting from just 1 451 baht per year. This guide will walk you through everything you need to know about protecting your business in Thailand.

What is Business Property Insurance (SME) in Thailand?

Business Property Insurance also known as SME Insurance or Shop Insurance provides comprehensive coverage for small and medium-sized enterprises in Thailand. It protects your business from various risks and uncertainties that could cause financial losses.

Why is Business Property Insurance Crucial for SMEs in Thailand?

  • Protects against financial losses from unexpected events
  • Provides peace of mind allowing you to focus on business growth
  • Covers a wide range of risks specific to businesses in Thailand
  • Helps maintain business continuity in case of disasters
  • Can be customized to suit your specific business needs

What Does Business Property Insurance (SME) Cover in Thailand?

Key Coverage Areas:

  1. Fire and Natural Disasters: Protection against fire lightning windstorms earthquakes and more.
  2. Burglary and Theft: Covers losses from break-ins including damage and stolen items.
  3. Liability Coverage: Protects against third-party claims for bodily injury or property damage.
  4. Plate Glass Coverage: Covers accidental breakage of plate glass.
  5. Electrical Injury Coverage: Protects against losses from electrical injuries or self-heating incidents.
  6. Entrance Repair Coverage: Covers repair costs for entrances damaged during break-ins.
  7. Debris Removal Coverage: Covers the cost of removing debris after a covered disaster.
  8. Fire Extinguishing Coverage: Reimburses expenses related to fire-fighting efforts.
  9. Neon Sign and Sign Board Coverage: Protects outdoor signage from damage or theft.
  10. Temporary Outlet Rental Coverage: Assists with relocation costs if premises become unusable.
  11. Loss of Income Coverage: Helps replace lost income due to business interruption from a covered event.

What's Not Usually Covered:

  • Pre-existing damage or wear and tear
  • Intentional acts of damage by the business owner
  • War or nuclear incidents
  • Cyber attacks (unless specifically added)
  • Employee dishonesty (requires separate fidelity insurance)

How Much Does Business Property Insurance (SME) Cost in Thailand?

Business Property Insurance in Thailand is surprisingly affordable:

  • Starting from 1 451 baht per year
  • Can go up to 100 000 baht per year for high-value businesses
  • Average CheckDi client pays between 5 000 to 15 000 baht per year

Factors affecting the cost include:

  • Type and size of your business
  • Value of property and assets
  • Location of your business
  • Coverage limits and types chosen
  • Claims history

How to Choose the Right Business Property Insurance (SME) in Thailand

  1. Assess your business's specific risks and needs
  2. Compare coverage options and limits from different providers
  3. Consider the location and nature of your business in Thailand
  4. Look for policies that offer comprehensive protection
  5. Check for additional benefits or customization options

How to Apply for Business Property Insurance (SME) in Thailand

  1. Apply via our website or contact our Customer Service Representative
  2. Provide necessary business documents (e.g. business registration property details)
  3. Select your preferred coverage options
  4. Review and accept the quote
  5. Make the premium payment
  6. Receive immediate temporary coverage (PDF confirmation)
  7. Original policy documents will be mailed within 7-14 business days

Frequently Asked Questions About Business Property Insurance (SME) in Thailand

Is Business Property Insurance mandatory for SMEs in Thailand?

While not legally required it's highly recommended to protect your business assets and liabilities in Thailand.

Can I customize my Business Property Insurance policy?

Yes most insurers in Thailand offer flexible plans that can be tailored to your specific business needs.

How often should I review my Business Property Insurance?

It's advisable to review your policy annually or whenever your business undergoes significant changes.

What factors can affect my Business Property Insurance premium in Thailand?

Factors include business type location coverage limits claims history and security measures in place.

Does Business Property Insurance cover business interruption in Thailand?

Many policies include loss of income coverage which can help if your business is interrupted due to a covered event. Check your specific policy details.

At CheckDi we're here to help you find the best Business Property Insurance (SME) in Thailand for your needs. Don't hesitate to reach out if you have any more questions about protecting your business!

Business Property Insurance (SME) Insurance in Thailand: Protecting Your Business with Comprehensive Coverage

As a business owner in Thailand you understand the importance of protecting your business from various risks and uncertainties. One way to safeguard your business is through SME insurance which provides coverage for various unexpected events that can cause financial losses. Listed Below is the coverage that would typically be included in your SME insurance package.

List Of Coverage

  1. Fire and Other Natural Disasters Coverage
  2. Burglary and Theft Coverage
  3. Liability Coverage
  4. Plate Glass Coverage
  5. Electrical Injury Coverage
  6. Entrance Repair Coverage
  7. Debris Removal Coverage
  8. Fire Extinguishing Coverage
  9. Neon Sign and Sign Board Coverage
  10. Temporary Outlet Rental Coverage
  11. Loss of Income Coverage


Fire and Other Natural Disasters Coverage

The first and most basic coverage an SME insurance must have is fire and other natural disaster coverage. This coverage protects your business from financial losses caused by events such as fire lightning windstorm vehicle impact smoke aircraft water damage bush fire earthquake explosion riot strikes malicious acts and vandalism hail and other natural disasters. This coverage typically includes the cost of repairing or rebuilding your business premises replacing damaged equipment or inventory and loss of income during downtime.

Burglary and Theft Coverage


Burglary and theft coverage is another essential type of SME insurance coverage that protects your business from financial losses caused by theft or burglary. This coverage includes loss or damage caused by burglary to the insured property with forcible entry/exit including a robbery at the insured premises. It also covers loss of cash on premises caused by burglary. This coverage can help you recover the cost of replacing stolen items or repairing damages caused by the break-in.


Liability Coverage

Liability coverage protects your business from financial losses caused by third-party liability claims for bodily injury and property damage.


Plate Glass Coverage

Plate glass coverage protects your business from financial losses caused by accidental breakage of plate glass. This coverage is especially important for businesses with large glass storefronts or windows.


Electrical Injury Coverage

Electrical injury coverage protects your business from financial losses caused by electrical injury or self-heating.


Entrance Repair Coverage

Entrance repair coverage protects your business from financial losses caused by burglaries or break-ins.


Debris Removal Coverage

Debris removal coverage protects your business from financial losses caused by debris removal from loss under major coverage 1 which includes fire and other natural disasters coverage. This coverage includes the cost of removing debris from your business premises after a covered event has occurred.


Fire Extinguishing Coverage

Fire extinguishing coverage protects your business from financial losses caused by the cost of putting out a fire.


Neon Sign and Sign Board Coverage

Neon sign and sign board coverage protects your business from financial losses caused by damage to your neon sign or signboard. This coverage includes the cost of repairing or replacing your neon sign or signboard caused by fire lightning explosion burglary or accident.


Temporary Outlet Rental Coverage

Temporary outlet rental coverage protects your business from financial losses caused by the need to rent a temporary outlet. This coverage includes the cost of renting a temporary outlet while your business premises are being repaired or rebuilt after a covered event.


Loss of Income Coverage

Loss of income coverage protects your business from financial losses caused by a covered event that results in a loss of income.


Choosing the Right SME Insurance Coverage

Choosing the right SME insurance coverage for your business can be hard to determine and it also greatly depends on your business's specific needs and risks. You should reach out to our specialist to determine which types of coverage are most important for your business. We can help you tailor your coverage to meet your business's specific needs and budget.