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Proper cash flow management is crucial for SMEs. Here are some pitfalls you should be aware of and avoid them.
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CALCULATOR
5 ways to help your small business survive
UOB continues to extend unwavering support, especially in these challenging times through our value-added services under UOB BizSolution/BizMoney for SMEs.
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Understand the risks of import / export trades
Be aware of the trade financing and solutions available so that you can understand how to better manage your cash flow and cross-border trading risks.
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Why business insurance can help SMEs prosper
Business insurance protects company from unforeseen issues, improves the company’s credibility and boost employee productivity.
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Be ready for whatever comes your way
Covers a wide range of risks exposure
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No underwriting required.
Claims Preparation Clause
Cover the cost to extract and compile information required by the company from the insured’s own record for the purpose of preparing a claim under the policy.
Temporary Protection Costs
Covers the costs of temporary shuttering, boarding up and/or other protection reasonably and necessarily incurred for the safeguarding of the premises and/or contents pending repair/replacement.
Exclusive Trace & Access coverage
Covers the cost to detect and repair the source of a water leak.
Seasonal Increase in Stock
Provides an automatic increase in the sum insured by up to 20%, during period of insurance where value of stock exceeds the sum insured mentioned in the policy.
What BizCare Covers
Scope of Cover
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Class of Insurance
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Plan A
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Plan B
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Plan C
| Class of Insurance | Plan A | Plan B | Plan C |
| Fire | To be determined by insured Ranging from RM10,000 - RM10,000,000 |
To be determined by insured Ranging from RM10,000 - RM10,000,000 |
To be determined by insured Ranging from RM10,000 - RM10,000,000 |
| Limited All Risk | RM20,000 | RM20,000 | RM20,000 |
| Burglary | RM50,000 | RM50,000 | RM100,000 |
| Money | RM5,000 | RM5,000 | RM10,000 |
| Plate Glass | RM5,000 | RM5,000 | RM10,000 |
| Public Liability | RM500,000 any one event/ RM1,000,000 per annum | RM500,000 any one event/ RM1,000,000 per annum | RM1,000,000 any one event/ RM1,000,000 per annum |
| Employer Liability | RM500,000 any one event/ RM1,000,000 per annum | RM500,000 any one event/ RM1,000,000 per annum | RM1,000,000 any one event/ RM1,000,000 per annum |
| Terrorism Insurance | Not Covered | RM200,000 | RM300,000 |
| Class of Insurance |
| Fire |
| Limited All Risk |
| Burglary |
| Money |
| Plate Glass |
| Public Liability |
| Employer Liability |
| Terrorism Insurance |
| Industries Offered | |
• General Merchandise • Retail Outlet • Department Stores • Emporiums • Supermarkets, mini-markets and shopping |
• Laundries/ launderettes and dry cleaners • Hair dressing salon/beauty salon • Coffee shops and Restaurants • Others |
| Distributed by | Underwritten by |
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IMPORTANT NOTICE AND DISCLAIMER The above is provided for general information only and is not a contract of insurance nor is it intended as an offer or recommendation with respect to the purchase or sale of the above product[s]. Full details of the terms, conditions and exclusions of these insurance products are provided in the applicable policy contract and will be sent to you upon acceptance of your application by our panel Insurance Company. You may wish to seek advice from a qualified adviser before making a commitment to purchase the insurance product. In the event that you choose not to seek advice from a qualified adviser, you should consider carefully whether this product is suitable for you. United Overseas Bank (Malaysia) Berhad does not hold itself out to be an insurer, insurance broker or insurance agent. The insurance products and services stated herein are provided by our Panel Insurance Company. While all information provided herein is believed to be correct and reliable at the time of publishing or posting online or, where applicable, printing, United Overseas Bank (Malaysia) Berhad makes no representation or warranty whether express or implied, and accepts no responsibility or reliability for its completeness and accuracy. All claims and liabilities arising from the purchased policies should be made with the respective insurance company. |
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Terms & Conditions Please refer to the applicable policy contract for the full details of the terms, conditions and exclusions of this insurance product. |
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HReasily
Automate your HR and payroll processes to free up time and minimise human errors.
- Automate payroll, claims and attendance processes
- Allow employer and employees' access via mobile app
- Integrate seamlessly to company's software and hardware
Insure
Employee Benefits
Protect your employees’ health and wellness with a flexible insurance plan.
- 24hr worldwide coverage
- Start from a min. of 2 employees
Insure
Life Insurance
Protect and ensure your business continuity by managing the key risks.
- Potentially protects against the loss of a key person
- Ensures that credit obligations are insured
| Distributed by | Underwritten by |
|
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IMPORTANT NOTICE AND DISCLAIMER The above is provided for general information only and is not a contract of insurance nor is it intended as an offer or recommendation with respect to the purchase or sale of the above product[s]. Full details of the terms, conditions and exclusions of these insurance products are provided in the applicable policy contract and will be sent to you upon acceptance of your application by our panel Insurance Company. You may wish to seek advice from a qualified adviser before making a commitment to purchase the insurance product. In the event that you choose not to seek advice from a qualified adviser, you should consider carefully whether this product is suitable for you. United Overseas Bank (Malaysia) Berhad does not hold itself out to be an insurer, insurance broker or insurance agent. The insurance products and services stated herein are provided by our Panel Insurance Company. While all information provided herein is believed to be correct and reliable at the time of publishing or posting online or, where applicable, printing, United Overseas Bank (Malaysia) Berhad makes no representation or warranty whether express or implied, and accepts no responsibility or reliability for its completeness and accuracy. All claims and liabilities arising from the purchased policies should be made with the respective insurance company. |
|
Terms & Conditions Please refer to the applicable policy contract for the full details of the terms, conditions and exclusions of this insurance product. |
|
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