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Comprehensive protection for your buildings! Bank of China Group Insurance Company Limited is pleased to present to owners' corporations and property management companies with our Building Management Comprehensive Insurance#. This comprehensive and professional protection plan will bring extra peace of mind to building managers, owners and residents.
Scope of coverage
Maximum indemnity (HK$)

1. Property damage

(Property means the common parts of the building, but excluding foundations, drains, sea walls, gondola, underground services and illegal structures.)

Indemnify the insured against loss of or damage to the property caused by

  • Fire
  • Lightning
  • Explosion
  • Aircraft impact or articles dropped therefrom
  • Bush fire
  • Earthquake
  • Vehicle impact
  • Riot & strike
  • Malicious damage
  • Spontaneous combustion
  • Sprinkler leakage
  • Typhoon, windstorm & flood
  • Water tanks, apparatus & pipes bursting or overflowing
Sum insured
2. Public liability

Indemnify the insured against legal liability for third party's death, bodily injury or property damage caused by the negligence of the insured or its employees in the insured premises

10,000,000
(per event)

3. Loss of money

Indemnify the insured against loss of money including cash, bank or currency notes, cheques, crossed postal or money orders resulting from housebreaking, robbery by force or fire

  • in transit between the insured premises and any bank or post office (HK$15,000 per event)
  • kept in the insured premises (HK$15,000 per event)
30,000

4. Employees' compensation

Indemnify the insured against legal liability under Employees' Compensation Ordinance and Common Law

Sum insured (HK$)
Number of employees
(No additional premium)
2,000,000 or below
3 or below
2,000,001 or above
6 or below

100,000,000
(per event)
#Building Management Comprehensive Insurance is only applicable to single-block buildings aged 40 or below in Hong Kong Special Administration Region. The structure of the insured building(s) must be entirely of non-combustible materials including but not limited to brickwork, reinforced concrete and/or autoclaved aerated concrete.

 

Free Additional Benefits under Public Liability Section

The Building Management Comprehensive Insurance extends to cover the insured against legal liability for third party's death, bodily injury or property damage arising from maintenance works* at the insured premises.

* The value of the contract work must not exceed HK$500,000

Easy and simple application

Simply complete the proposal form and return to us by mail or through any branches of the agent banks. For your convenience, premium can be settled either by cheque or in cash.

 

 

Type of building Sum insured (HK$)
Annual premium (HK$)
Age of building
20 years or below
Age of building
21–30 years
Age of building
31–40 years
Residential 2,000,000 or below
8,900
10,400
11,900
2,000,001 – 4,000,000
12,800
14,500
16,200
4,000,001 – 6,000,000
13,800
15,900
18,000
6,000,001 – 8,000,000
14,900
17,200
19,500
8,000,001 – 10,000,000
16,000
18,600
21,200
10,000,001 or above
To be quoted separately
Commercial/
Semi-commercial		 2,000,000 or below
9,400
11,000
12,600
2,000,001 – 4,000,000
13,700
15,700
17,700
4,000,001 – 6,000,000
15,200
17,600
20,000
6,000,001 – 8,000,000
16,800
19,500
22,200
8,000,001 – 10,000,000
18,300
21,500
24,700
10,000,001 or above
To be quoted separately
Industrial 2,000,000 or below
12,400
14,800
17,200
2,000,001 – 4,000,000
19,800
23,400
27,000
4,000,001 – 6,000,000
24,400
29,200
34,000
6,000,001 – 8,000,000
29,100
34,900
40,700
8,000,001 – 10,000,000
33,700
40,700
47,700
10,000,001 or above
To be quoted separately

Remarks: In case there is no coverage for Employees' Compensation Section, the annual premium will be deducted as below

Sum insured (HK$)
Deduction of annual premium (HK$)
2,000,000 or below
2,000
2,000,001 or above
3,500

** The minimum premium of each policy is HK$1,000.

  1. For any claim, the insured should send a written notice to our Company at the earliest possible time.
  2. In case of any claim under Loss of Money Section, the insured should report to the police at the earliest possible time.
  3. In case of any claim under Public Liability Section or Employees' Compensation Section, the insured should submit penalty statements, written summons or other legal proceedings issued to our Company. The insured should not negotiate or admit any claim without the written consent of our Company.

 

This insurance does not cover any loss, damage, bodily injury or death directly or indirectly caused by or resulting from:

  1. War or act of terrorism
  2. Confiscation, commandeering or requisition of the Government
  3. Nuclear power and nuclear radiations
  4. Consequential loss or damage of any kind

This leaflet is for reference only.
Details of coverage are subject to the terms and conditions of the Policy.

Enquiry hotline: (852) 3187 5100