12 Things That Could Void Your Claim
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Most denied factory claims do not fail at loss. They fail at breach. The 2-page red-flag scan Malaysian CFOs use before renewal.
Built for the CFO, SHO, or operations director at a Malaysian factory reviewing Fire and IAR cover with their broker or intermediary before renewal.
✔ Hot work permits not held when fire ignites under PTW gaps, and BOMBA Sijil Perakuan lapsed under the Fire Services Act 1988
✔ Building alterations and capex not declared post-bind (renewal disclosure under OSHA 1994 Section 15 duty of care)
✔ Stock at peak not declared; reinstatement value drift triggering the average clause
✔ WC gaps where foreign workers were not enrolled under SOCSO Employment Injury Scheme since 1 January 2019
For Malaysian factory owners and CFOs across Selangor, Penang, Johor, and Klang Valley. Subject to policy terms and conditions. Foundation is a specialist property and engineering insurance intermediary, not a broker.
Forward this to your SHO and finance lead before renewal.
Foundation Insurance Solutions is a registered and licensed insurance intermediary in Malaysia specialising in property and engineering insurance for industrial operations. We provide comprehensive coverage for manufacturers, contractors, and facility owners across construction, electronics, food production, and high-risk industrial sectors.
Riskflow Sdn Bhd (202101001225):
Suite 3.19 (North Block), The Ampwalk, 218 Jalan Ampang, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
t: +60149256398 (Kevin)
email: kevin.hoong@getfoundation.com.my
