Trade credit insurance usually covers a portfolio of buyers and pays an agreed percentage of an invoice or receivable that remains unpaid as a result of protracted default, insolvency or bankruptcy. Trade Credit insurance can also cover single transactions or trade with only one buyer.

Property & Assets insurance provides protection against most risks to property, such as fire, theft, water and some weather damage.

Property is insured in two main ways - open perils and named perils.

Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism, and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion, and theft.

We will assist you in arranging following cover:

• Fire & Insured Perils
• Industrial All risk
• Property All Risk
• Business Interruption
• Equipment All Risk
• Machinery Breakdown
• Money Insurance
• Theft Insurance
• Plate Glass

Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects.

We shall assist you in arranging the following :

• Comprehensive motor/Vehicle insurance
• Fleet insurance
• Motor Trade Plate Insurance
• Insurance for the vehicle used as Hire and reward purpose such as grab, uber, go-jek or similar.
• Third party, Fire & Theft cover
• Third party only

Corporations of all sizes face a multitude of financial, commercial and management liability risks every day, and those particularly exposed include professional firms, financial institutions, retailers, manufacturers, wholesalers and distributors.

At Mutual we provide niche risk protection solutions against liabilities that are claimed, or alleged, by third parties.

We offer effective, tailor-made cover for:

• Directors & officers (wrongful acts, errors or omissions)
• Commercial crime (fraud, theft or dishonesty)
• Professional indemnity (professional errors or omissions)
• Employment practice liability (employment practice infringements)
• Medical malpractice (professional medical errors or omissions)

Liability insurance provides the insured party with protection against claims resulting from injuries and damage to people and/or property. Liability insurance policies cover both legal costs and any payouts for which the insured party would be responsible if found legally liable.

We shall assist you in arranging the following liability covers:

• Public Liability
• Product Liability
• Commercial General Liability
• Event Liability
• Environmental Liability

Construction projects are often extremely expensive endeavors with various risk exposures, considering the amount of materials, equipment, and contractors needed to finish the project. Without construction insurance, this undertaking would be incredibly risky for businesses to participate in. With a proper policy, the construction company, or the other insured parties enjoy coverage for a number of perils and will be significantly less at risk to lose large sums of money

We can assist you with the following:

• Contractors All Risk Insurance
• Erection All Risk (EAR) Insurance
• Boiler and Pressure Vessel Insurance
• Machinery Breakdown Insurance
• Performance Bonds

A Freight Forwarders is a Bailee and provides logistical solutions to businesses which usually include transportation (local as well as well international or transnational transits) and warehousing of cargo belonging to third parties.

The Freight Forwarder is legally responsible for such cargoes and must take all necessary and reasonable steps and precautions to ensure the proper and safe storage or transportation of the cargo. This means the forwarder is liable to the owner for any damage or loss. While the freight forwarder is usually entitled to limit or control the amount they are accountable for under their trading terms and conditions, any gross negligence on the part of the freight forwarder exposes them to meet any demand for compensation to the full extent.

The Freight Forwarder’s Liability insurance which is also known as Transport Operators Liability Insurance (TOL) or Warehouseman’s Liability protects freight forwarders from meeting such compensation and can be extended to include the possibly significant legal defence costs that may arise in these situations.

Freight Forwarders Insurance is usually inexpensive and is often a mandatory requirement of trade associations such as SLA (SINGAPORE LOGISTICS ASSOCATION) of which most freight forwarders are members of and adopt the trading conditions including limitation of liability.

Modern day insurance of physical cargo has evolved from 1853 when separate marine insurance contracts were developed in Italy and spread to northern Europe. In the late 1680s, a gentleman named Edward Lloyd opened a coffee house named Lloyd's Coffee House on Tower Street in London which became the meeting place for parties in the shipping industry wishing to insure cargoes and ships, and those willing to underwrite such ventures..

Lloyd’s became a popular haunt for ship owners, merchants, and ships' captains, and thereby a reliable source of the latest shipping news and the premium charged was intuitive and was based on estimates of the variable risk from seasons and pirates.

Over this history, the insurance of cargo was generally described as marine cargo insurance although in today’s practice the term transit insurance would be more appropriate.

The insuring of cargo is today not limited to lengthy sea voyages where the ownership of the cargo changes hands and fortunes multiple times along the way. These include mitigating or eliminating the risks of loss and or damage to cargo caused in the transits via the ocean and by air, truck, rail or other conveyance;

• In transit from your supplier to you or your customer at your warehouse
• In transit from you to your customer within the same country (Inland Transit risks)
• In transit between one of your warehouse or place of storage to another of your warehouse or place of storage
• In transit from you to your customer in another country
• In transit inland from the vessel’s discharge port to an inland destination.



Today, a proper cargo transit policy should be crafted in such a way that it responds, to the best extent possible, in the insuring of the cargo from the time you assume financial exposure and insurable interest in the cargo to such time these exposures are extinguished and passed on to your buyer.