Insurance is an arrangement with an insurance company by paying money and insurance company agreed to cover you if a certain unfortunate event occurs, for example a treatment of sickness, damage to property by fire, car is stolen.

• Person who purchases insurance cover is called insured or policyholder.
• Insurance company is called insurer.
• Insurance price is called insurance premium.

That is risk transfer mechanism ensuring compensation for the loss or damage caused by insured event(s). Under insurance contract, insurer indemnifies the insured against a specified amount of loss.

An insurance broker is a specialist in insurance and risk management. Brokers act on behalf of their clients and provide advice in the interests of their clients. An insurance broker is a professional who offers, negotiates, and sells policies. He acts as intermediary between insurers and customers and receives compensation. Brokers also help their clients to outline risk management strategies, which are suitable for their profile.

Getting expert advice:
You don’t pay fee to broker for shopping around to get you a good deal.
We offer specialist expertise and can give you advice on the products that best suit your needs.

Know your options:
Insurers won’t always offer you every type of cover when you go directly to them. Elite can help to point out the types of cover available, and help you work out what you need reflect to current business situation making sure the right needs and right cover .

Find the right product for you:
Elite will ask you about your personal circumstances to find you the right policy. We are also be able to tell you if you’re already covered by your existing insurance policies so you don’t overlap, and often get you a good deal by comparing prices and product features.

Find good insurance companies:
Sometimes your risk protection needs to be tailored to suit your needs. You also won’t find special cover on that, so Elite Insurance Brokers will know where to go to find specialist insurance company to place your risk.

Your claims are taken care of:
If you need to make a claim, your broker may speak to loss adjustors and claims departments and do as much as possible for you so you don’t have the hassle and worry.

What is car insurance?

Car insurance can pay out if you are involved in an accident, it can also provide financial support if your car is stolen, or destroyed by fire and protects you against any damage you cause to the public, their property or other road users.

Why is it important?

• You have an assistant who will help you dealing your case at accident site.
• You are protecting your car that you spend a lot of time and money to get it.
• You are able to pay for medical bills if an accident occurs.
• You don’t have to feel the biggest part of an accident-related lawsuit.
• Protects you from those motorists that may not have insurance of their own.
• You feel confident that you are protected whenever driving on the road.
• Drives your car with peace of mind.

What type of car insurance cover?

• Third party Liability – Third-party liability provide protection if you’re held legally responsible for bodily injury or damage to someone else’s property. This courage also

Extend to cover like legal fees, the amount of money you have to pay to settle a lawsuit, and other related expenses up to the limits in your policy.

• Comprehensive — There are many things that could happen to your car but only one type of car insurance that can make it right again, and that is fully comprehensive car insurance. It is the highest level of protection you can get for your car, with complete peace of mind that your investment is well looked after on and off the road. Naturally comprehensive will include cover for accidental damage to your car or damage caused by fire and theft , as well as third party liability cover should you drive into someone and a claim is made against you.
• Optional covers – Passenger Liability covers the death or bodily injury to any person being carried in the insured car. Another option is Authorized Driver provide indemnity to the death or permanent disablement to any person driving the insured car.

Please contact our insurance advisers for more queries.

What is Personal Accident?

Accident is unforeseen event that might happen anytime and uncontrollable. In some cases, it often results in serious injuries to one or more people. Major injuries may cause hospitalization and might involve procedure of operation that often is expensive medical bills. Having personal accident insurance helps to reduce risk exposure caused by accident ensuring that is no effect your own money once medical expenses required you to pay.

What is covered?

Personal accident can be arranged to cover employees as well. It provides wide cover with 24 hours worldwide protection no matters accident in connection with work/business or private pleasure travelling.

Benefits coverage

• Accidental death
• Permanent total disability in an accident
• Medical expenses 

Additional benefits

• Funeral expenses – other than death
• Insect bites
• Addition and deletion of staff

Please contact our insurance advisers for more queries.

Why International Health Insurance is important?

Health is value asset and it is a first thing ever in our lives. Therefore it’s vital consideration to get yourself, family or employees protected by quality international health plan. No matter wherever you are, whether on business trip or short and long distance travelling you will confident that nothing happen to you. Let’s say unfavorable event like medical emergency that need evacuation immediately to the safe place to avoid life threatening when air ambulance is very costly.

• Wherever you are, the protection will follow along with you
• No one happy to pay expensive medical bills from own pocket
• Cashless and convenience

Plan and Geographical options

We are flexible to customize the benefit coverage to suit your need or group.

• Asia Pacific scheme
• International scheme
• Worldwide scheme

Available Benefits

• Flexible annual maximum limit
• Coverage for both inpatient and outpatient
• Doctor fees
• Laboratory and x-ray charges
• Prescription drugs
• Critical illnesses such as cancer, stroke, heart attack, and organ transplant, etc.
• Mental health coverage
• Repatriation and hospice care
• Therapy
• Emergency medical evacuation

Optional Benefits

• Maternity benefits
• Health check-up
• Dental care
• Vision care
• War option

Please contact our insurance advisers for more queries.

What makes fire insurance important?

Beautiful house, newly renovated office, nice looking warehouse, factory building, etc. It is a result of your hard work and a big achievement for you.

Fire insurance provides protection against loss or damage from perils such as fire, lightning. The insurance company agrees, for a fee, to reimburse the insured in the event of such an occurrence.  Fire insurance safeguards property against unpredictable perils where the value of assets are calculated based on their market value, keeping in mind factors like depreciation in the time of claim.

What is covered?

Other than standard covers Fire and lightning, fire insurance can be extended to cover name perils such as

• Aircraft
• Earthquake
• Explosion
• Flood
• Hail
• Impact Damage
• Riot & Strike
• Smoke Damage
• Spontaneous Combustion
• Vandalism & Malicious Damage
• Water Damage
• Windstorm

Please contact our insurance advisers for more queries.

It is a combination of benefits which is like travel assistance whenever you need.

Benefits that can found in travel insurance

• Accidental death and disablement
• Overseas medical benefit
• Emergency medical assistance
• Personal liability
• Loss of personal money and baggage
• Cancellation charge
• Hijack

Now you can travel anywhere!
Please contact our insurance advisers for more queries.

Why Business Interruption is important?
Damage by fire, flood or other perils might results to close business operation temporarily or shut down completely and the building or machinery, and even services center may be kept in silent mode for some periods of time.

Business interruption is another type of protection that can be arranged on top of property insurance that already in place. Whenever those unexpected events happen, business revenue will lose each and every day such as:

• Losing orders/customers;
• Losing income/profit
• Ongoing costs and expenses such as rent, etc.,
• Having to continue to pay salaries.

Business Interruption insurance covers the loss of income that business suffers after a disaster.

What is different between Business Interruption and Property Insurance?

While Property Insurance covers the physical damage to the business, Business Interruption Insurance covers the profits that would have been earned if the business were operating as usual. It is designed to put a business in the same financial position that it would have been in if no loss had occurred.

Please contact our insurance advisers for more queries.

Why need for Contractors’ All Risks (CAR) cover?

Prudent contractor will wish to protect his responsibility for damage by taking out insurance. Project owner needs to consider desirability of cover to ensure that completion of venture is adequately funded in event of serious material damage loss.

The purpose of purchasing this CAR insurance is to make sure that your ongoing work on a construction site is covered. If there is a loss happens like a fire, the insurance will pay the damage by get repaired or rebuild, so you won’t take any money from your own pocket.

In the event that you are halfway through building an extension on a customer’s home and the extension were to be destroyed by fire, you cannot expect the customer to pay for the work to be re-done and as the contractor, you would not want to pay either – this is where your Contractors all risks insurance can help.

What is covered?

There 2 main parts that policy is designed to cover.

• Property damage
• Third party liability

Please contact our insurance advisers for more queries.

Employees are organization’s value asset! They are extremely important as a strong foundation that can lead organization to grow and thrive.

What’s benefit of insurance that play role in Employee Benefit?
Beside salaries and wages, insurance package is also crucial tool to differential your organization from competitors, and retain quality of talent staff to continue contributing their best efforts and attract potential talent candidates to join force for sustainable growth.

We are able to tailor-made for comprehensive health and accident package flexible to suit your organization’s need to make sure your teams stay healthy and continue working well.

What is covered?

From minor medical expenses such as consultation fees, laboratory tests to major surgery the policy will help you to pay all or most high expenses that may occur. More than those other attractive optional benefits such as group personal accident with 24 hours protection, maternity benefit for female staff or female dependent as group scheme, dental care, vaccination and health check-up.

Assistance services:

• Cashless – member present only membership cards when treatment incur within partner clinics/hospitals both Cambodia and international
• Keep update the claim status
• Convenience and fast claim services

Please contact our insurance advisers for more queries.

What is money insurance?

Whether your business money is keep in the premise or money is on way to/from the bank, money insurance protects your business from unforeseen financial loss.

What’s typically covered? 

• While money is in transit from your premises to bank and vice versa
• While money keep in premises during business hours

Secure your money wherever it goes!

Please contact our insurance advisers for more queries.

What is Burglary Insurance?

What is term of burglary? Burglary denotes the act of entering a property unlawfully with the intention of committing a crime such as housebreaking, lock breaking. Burglary involves forcible and violent exist from the premises and hold-up.

There are two common types of policy:

1. Full Value insurance: This policy is required where total loss of insurable property is possible in case of burglary.
2. First loss Insurance: If full loss is not probable the property can be insured on first loss basis.

Please contact our insurance advisers for more queries.

Many forms of risk exposure might happen to business owner or business operation. Some of those that involve damage to third party property or personal injury through your actions.

Claim cases are involving property damage or personal injury caused through your business activities will be covered by Public Liability while Products Liability will provide cover for third party property damage or bodily injury arising out of a defective product manufactured through your business activities.

Please contact our insurance advisers for more queries.