Manufacturing License & Insurance Checklist Malaysia
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MIDA licence in hand. Insurance often not where the licence assumes it is. The Malaysian manufacturer's pre-renewal cross-check.
Built for the CFO, finance manager, or owner-director at a Malaysian factory operating under a MIDA manufacturing licence or applying for one under the New Incentive Framework.
✔ Fire and IAR cover aligned to MIDA-declared capital expenditure and asset register (reinstatement basis, not book value)
✔ BI/ILOP indemnity period set to realistic restart timeline (not default 12 months), with recertification windows accounted for
✔ MB, BPV under Certificate of Fitness regime in P.U.(A) 99/2024, and EEI for sensitive plant
✔ WC for local workmen via SOCSO and foreign workers via SOCSO Employment Injury Scheme since 1 January 2019
For Malaysian factory operators 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.
Bring this to your MIDA licence variation or renewal conversation.
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
