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When does the Company begin to collect 6% Service Tax?
The Company will begin to collect 6% Service Tax with effect from 1 September 2018 in accordance to the Service Tax Act 2018.

Issue date before 1 September 2018

Insurance solutions provider awarded Claims Initiative of the Year Award following implementation of pioneering virtual appraisal tool.

Liberty Insurance has once again lived up to its reputation of placing customer experience at the centre of its priorities. The company has been awarded the Claims Initiative of the Year Award at the recent Insurance Asia Awards 2021.

Having served Malaysia for over four decades, Liberty truly proved itself worthy of the award when it introduced the first fully integrated virtual appraisal tool to its customers.

Watch the video, and read the press links below.

Read more about Liberty Insurance's Claims Initiative of the Year Award in these publications:

• Insurance Asia - Get to know the winners of the 6th Insurance Asia Awards
• Insurance Asia - Liberty Insurance wows at Insurance Asia Awards 2021
• Business Today - Liberty’s Integrated Virtual Appraisal Tool A Winner 
• Rama Rama - Liberty Insurance Wows at Insurance Asia Awards 2021 
• The Malaysia News - Liberty's Integrated Virtual Appraisal Tool a Winner 
• Malaysian Business Online - Liberty Insurance Wows at Insurance Asia Awards 2021
   

Originally Published on Carsick.my. Read the full article here.

Being in a traffic accident is a very headache situation to be in. According to the Department of Statistic, Malaysia is one of the top 3 country that has the highest fatality rates in Asia, while the road accidents is the 4th most common cause of death in Malaysia.

Most of the accidents that happened on Malaysian roads are usually freak accidents, which is hard for any motorist to avoid. However, car owners can always opt to take preventive steps, on top of being more cautious on the road and getting a good insurance plan that has a hassle-free claims process.

Let’s take a look at a few common causes of road accidents:

1. Speed Kills

Speeding is one of the most common causes of road accidents. The higher the speed and thrill, the more severe the accident is going to be. There is no telling if the road will be wet up ahead, if there are potholes, or other pedestrians and motorists. This is made worse when rear passengers are not properly buckled in.

2. Gadgets Away

Using a mobile phone when driving is as bad as driving under the influence of drugs or alcohol. Looking down at your mobile phone will distract a driver for an average of 4 seconds. This amount of time is sufficient to cause an unwanted accident. It is more important to get to the destination safely and on time than checking a message or social media.

3. Red Means Stop

We see these almost every day, especially among motorcyclist. Drivers and motorist needs to keep in mind that when When the light turns amber, it means slow down, but a majority of drivers accelerate instead. This is highly dangerous because there may be blind spots for vehicles coming from the other direction or worse, motorcyclists beating the red light from another corner.

4. Signalling Saves Lives

All type of vehicles are fitted with functioning indicator, it is to inform other road users about the direction of the driver is heading. It is the most basic and yet crucial form of communication on the road between motorists. Switching lanes or making a sharp turn without signalling first will result in accidents.

5. Poorly Maintained Car

Maintaining your car is part of your ownership experience, and it must not be skipped. If a car is not properly maintain, it may cause accidents during emergency situation. For example, balding tyres, broken turn signals, low brake fluid and exhausted brake pads could put you and everyone around you in danger. Driving blindly without thinking of timely maintenance is hazardous.

However sometimes, no matter how careful one is, accidents may still happen. Hence, an insurance plan with an excellent claims process is crucial because what policy holders ultimately want is speedy and hassle-free cash settlement within 24 hours. With Liberty Insurance’s Private Car EZY Plus Comprehensive policy, owners need worry no more as it not only provides a holistic coverage, but offers an efficient claims process too with its Liberty Own Damage (OD) Express Claim. This claim allows the insured to make claims via any smart phone without having to visit the branch and no submission of physical documents are required.

Having served Malaysians with its trustworthy brand and insurance coverage for 44 years, Liberty Insurance provides insurance solutions from all-inclusive personal accident and motor policies to legal and business policies that covers legal consultancy services and safeguard financial investments.

To find out more about Liberty Insurance’s Private Car EZY Plus Comprehensive, visit  https://www.libertyinsurance.com.my/motor-insurance/private-car/ezy-plus.

Read more

• Auto News Asia - Making Your Insurance Claim Free Of Hassle With Liberty Insurance
• Auto International - Making Your Insurance Claim Free Of Hassle With Liberty Insurance
• Driving Motion - Making Your Insurance Claim Free Of Hassle With Liberty Insurance
• Rama Rama - Making Your Insurance Claim Free Of Hassle With Liberty Insurance

Loss is something that businesses can never plan for and the only way to protect assets is with the right insurance coverage

Originaly published on sme.asia. Read the full article here.

With all the uncertainties of the economy faced during these trying times, wouldn’t businesses want a safety net to fall on? Especially when it comes to untoward incidences which lead to unplanned losses. For most small medium enterprises (SMEs) which are built over blood, sweat and tears, it only makes sense to safeguard all aspects of the business. However, in Malaysia, a huge percentage of SMEs are still either completely uninsured or underinsured. It is a common misconception that insurance coverage is an unnecessary expense and the benefits of a good insurance coverage are often lost in translation.

For business insurance, especially SMEs, there is no one-size-fits-all plan. When a business is paired with sufficient coverage specially tailored to suit the business’ need, businesses can rest assured a holistic protection plan is in place. The key takeaway here is to be well informed on the types of risks out there and how to mitigate them before choosing the correct insurance plan.

“There is no doubt in mind that an insurance company can bring tremendous value to any business because we are there to protect it and financially shield it from untoward incidences. For us at Liberty Insurance, our range of coverage has been well-thought out and is curated to fit the needs of any business regardless of size and nature,” said Liberty General Insurance Berhad Chief Executive Officer, Mr Puneet Pasricha.

He also shared his view that while many other insurance companies could be offering almost the same plans when it comes to SME insurance, the insured should always look out for pointers on how each insurer works, from the start (purchasing a plan) to end (making claims and efficiency of reimbursement). This will help the insured make well informed decisions when it comes to choosing the right insurance plan.

It just does not make sense if a business buys a low premium insurance plan at the cost of troublesome claims, which takes a long time to process. Some scenarios might also involve businesses being underinsured, only to find out at the time of crisis that certain things are not covered by the insurance plan.

It is also a common misunderstanding that a business may be too small to be insured or that there is very little risk to mitigate, hence there’s no need for insurance – which should never be the case.

However, operating without an insurance plan puts SMEs at higher risk as mitigating losses does not solely revolve around flood or fire, for instance. It also protects the insured against long-term revenue loss for businesses which may be the cause of partners or key players within the business drifting apart, for example.

In fact, the risks which SMEs may face are endless. Fraud or dishonest employees may leave businesses in a lurch as the loss of a large amount of money will be hard to recover from. Threats from the public is another risk to consider as businesses may find themselves trapped in a legal battle from a third-party dispute.

“All these risks and so much more should be seriously considered by SMEs because you never know when disaster will strike. Getting insured will also help businesses mitigate risks better because they will be better informed and will be equipped to set up preventive measures specifically catered for their business needs,” said Mr Puneet.

Aside from minimising risks, the right insurance plan can also help the business grow at a healthy pace and increase its credibility within the industry. Having an insurance plan shows strategic future planning and the company’s commitment in ensuring that the business and all its assets and employees are protected.

One such insurance company which has its customers at heart while offering the best packages is Liberty Insurance. With over 44 years of experience in the Malaysian market, Liberty Insurance provides insurance solutions from all-inclusive personal accident and motor policies to legal and business policies that covers legal consultancy services and safeguard financial investments.