Marine insurance is vital in covering the loss of damage to ships, cargo and terminals through which goods are transported or secured between the original location and final destination. State has long since established a firm standing in the marine line through its highly qualified and competent marine division. Coupled with many years of hands-on experience and a strong knowledge base, we offer services including (but not limited to) claims management, risk assessment and need analysis for insurance solutions such as:

• Marine Cargo Insurance
• Marine Hull Insurance
• Hull & Machinery Insurance
• Protection & Indemnity (P&I) Insurance
• Goods In Transit Insurance
• Freight Insurance
• Freight, Demunage and Defense (FD&D) Insurance
• Warehousemen / Carriers Liability
• Marine project cargo and delay in start-up (DSU)
• Shipbuilder’s Risk
• Pleasure Craft Insurance
• Marine Liability

Property and casualty insurance is a beneficial investment that provides protection for you, your property and your business. State’s team of property experts specializes in helping organizations and individuals to identify and manage potential risks and challenges.With a combination of technical expertise, analysis skills and professional insight, we can support you by evaluating the scope of your exposure and customizing a cost-effective insurance solution that will help to minimize and transfer the risk.

• Fire & Extraneous Perils
• Consequential Loss / Business Interruption
• Industrial All Risks
• All Risks
• Burglary
• Money
• Fidelity Guarantee
• Mobile Equipment
• Plate Glass

This product protects you and your business from risks of liabilities that may manifest in the form of lawsuits for malpractice, injury or negligence, amongst others.

• Public Liability
• Comprehensive General Liability
• Director & Officer Liability
• Product Liability
• Professional Indemnity / Error & Omission
• Malpractice Liability
• Employer’s Liability
• Golfer’s Insurance

A necessity for all car owners that consists of various types of motor insurance policies such as comprehensive cover, third party cover and act cover. Trust State to find the best policies you need for your vehicle(s).

• Commercial Vehicle
• Private Motor Vehicle

Also known as life cover or life assurance, this product goes a long way in protecting your family if anything untoward happens to you. Being an independent intermediary with excess to various alife insurers, takaful operators and offshore Labuan-based companies, State can help you obtain a simple term or a foreign-currency universal life policy. You can also design plans to ensure your Life Insurance provides income protection or debt cancellation in the event of death, disability or a critical illness as well as medical reimbursement during hospitalization.

When it comes to engineering and construction projects, more often than not, they involve massive investments thus creating a need for risk mitigation. This insurance protects investments from losses or damages to your projects. State sources the best solution that you will need for this purpose.

• Machinery Breakdown
• Machinery Breakdown Loss of Profit
• Erection’s All Risks
• Contractor’s All Risks
• Boiler
• Civil Engineering Completed Risks (CECR)
• Deterioration of Stocks
• Storage Tank
• Electronic Equipment
• Workmen Compensation
• Foreign Workmen Compensation
• Foreign Workmen Hospital & Surgical (SKHPPA)

This product is also known as body corporate insurance and it protects the property and contents under the management of a strata title or body corporate entity. It is mostly applicable to high-rise residential areas like condominiums and apartments, which may include elevators, car parks, common areas, and even gardens. It is mandatory and its premium costs are usually shared by owners of strata units. It must provide public liability too, that covers people who are injured on common property.

What with the critical impacts caused by bad debt and possibly neglected credit risks, credit insurance is needed as a financial risk management tool that will shield organizations from losses due to non-payment of trade debts. We provide organizations with a competitive advantage in safeguarding their businesses through our extensive knowledge and abilities in credit insurance. Thanks to our trade credit team’s prevalent understanding of the current market and available insurance solutions, we can recommend a comprehensive coverage that brings about improved cash flow, business development as well as enhanced financial health.

Bond insurance, or financial guarantee insurance, is a product in which an insurance firm guarantees a repayment of interests to the principal on a bond. Bond issuers buy insurances as a form of credit rating enhancement, resulting in a lower amount of interest to be paid.

• Performance / Advance Payment Bond
• Insurance Guarantee

Being in the retail industry means the stocks that you hold is your ricebowl. This makes it imperative that you protect them in case a fire, mismanagement by your employee or robbery were to occur. State helps you find the best protection within its catchment of insurers to cater to your wants and needs, whether it is a simple package or a multiline coverage policy.

It is no secret that cyber security and data protection can prove to be a challenge for businesses of all sizes, especially when threats come in different forms. Any sort of intrusion is bound to lead to customer dissatisfaction, questionable management, reputation risk and ultimately, financial loss. Here at State, we aim to help organizations adequately define, manage and respond to cyber risks by offering a wide range of risk assessment and management services. Our goal is to ensure there is a plan of action ready to provide cyber security for organizations.

This insurance product protects you against losses and cost, while reducing the possible risks linked to untoward events when you travel domestically or internationally. As STATE has close ties with an ample range of insurers, you can be sure of a suitable or customized travel protection.

Ease your worries over expensive medical expenses with Medical and Health Insurance. It helps you take care of all treatment costs incurred from illness or injury with comprehensive coverage, including pre and post hospitalization as well as outpatient benefits. The cost of health insurance premiums is deductible to the payer, and benefits received are tax-free.

• Hospitalization
• Critical Illness Surgical

Political risk is notably more difficult to underwrite, considering how unpredictable the political scene can be. Other than the usual ongoing business factors in the marketplace, businesses are also affected by political decisions, particularly multinational organizations and large financial institutions. With the help of State’s global network, we can support organizations by sourcing for the best possible coverage to alleviate potential political risks, including war and terrorism. This can offer a sort of assurance to organizations and investors that certain losses from political risks are limited, as they focus on business essentials.