Business Insurance | Biz Protect

 Protect your commercial enterprise with Standard Insurance. 

What is Biz Protect?

Biz Protect by Standard Insurance is a multi-peril commercial insurance package designed to help businesses manage selected property, liability, crime, equipment, and Personal Accident risks.

Whether you run a retail shop, medical clinic, or service enterprise, Biz Protect safeguards your hard-earned investments—including property damage, crime losses, third-party liabilities, and employee personal accidents—so you can reduce the financial impact of covered business losses.

Comprehensive Biz Protect Coverages & Benefits

Biz Protect bundles multi-layered property, financial, and legal protections into a single, accessible package:

1. Business Property & Fire Insurance (Covered Perils)

Protects your commercial building structure, machinery, equipment, inventory, and office furniture against unexpected physical losses:

• Fire & Lightning Damage: Core coverage protecting physical premises and assets.
• Extended Hazards: Covers physical impact damage caused by smoke, vehicle collision, falling aircraft, and internal/external explosions.
• Acts of Nature (AON): Covers property damage caused by Philippine weather perils, including typhoons, flooding, earthquakes, and volcanic eruptions.
• Riot, Strike, and Malicious Damage (RSMD): Protects against property destruction resulting from civil disturbances or third-party vandalism.
• Broad Water Damage: Reimburses structural and content damage from bursting or overflowing water tanks, pipes, and plumbing apparatus.
• Robbery & Burglary Protection: Provides protection for eligible loss of insured business property resulting from covered burglary or robbery, including certain associated physical damage, subject to security requirements and policy conditions.

2. Specialized Commercial & Liability Extensions

Biz Protect allows businesses to extend protection to critical legal, financial, and technical exposures:

• Comprehensive General Liability (CGL) Insurance: Provides coverage for eligible legal liability arising from accidental bodily injury or property damage to third parties in connection with the insured premises or covered business operations. This may cover eligible damages and approved defense costs arising from a covered third-party liability claim, subject to policy conditions.
• Money, Securities, and Payroll Insurance: Provides coverage for eligible money, securities, or payroll against specified insured risks while kept at the insured premises or carried in authorized transit, subject to security requirements and limits.
• Personal Accident Insurance for Workforce: Direct financial benefits for business owners and employees covering accidental death, permanent disablement, emergency medical expenses, and burial assistance.
• Electronic Equipment Insurance (EEI): Provides coverage for eligible sudden and unforeseen physical loss or damage to declared electronic equipment from covered causes.
• Plate Glass Coverage: Reimburses replacement costs for accidental breakage of fixed structural glass walls, store display windows, and building glass.
• Extra Expense Coverage: May reimburse eligible additional expenses reasonably incurred to continue or resume operations following a covered property loss.

Businesses We Protect

Biz Protect is tailored for a wide range of micro, small, and medium enterprises (MSMEs) and commercial industries in the Philippines:

• Food & Beverage: Restaurants, Coffee Shops, Supermarkets, Groceries, Convenience Stores.
• Retail & Kiosks: Retail Stores, Mall Kiosks, Shoe & Bag Stores.
• Healthcare & Personal Care: Medical Clinics, Salons, Spas.
• Services & Hospitality: Small-to-Medium Hotels, Repair Shops, Internet Shops, Gas Stations.

Frequently Asked Questions (FAQs)

What does Biz Protect business insurance cover in the Philippines?

Biz Protect provides multi-peril insurance covering property fire damage, natural disaster damage (Acts of Nature), robbery, third-party liability (CGL), employee personal accidents, electronic equipment breakdown, and money/payroll loss. It is a comprehensive commercial insurance coverage fit for your business.

Is Comprehensive General Liability (CGL) included in Biz Protect?

Yes. Biz Protect includes Comprehensive General Liability (CGL) to cover legal defense fees and compensation claims if a customer or third party suffers an accidental injury or property damage at your business premises.

Does Biz Protect cover property damage caused by typhoons or floods?

Yes. Biz Protect covers natural disasters including typhoon water damage, storm flooding, earthquakes, and volcanic eruptions.

Contact Standard Insurance:

Customer Service Hotline: (+632) 8845-1111
Email Support: teamonline@standard-insurance.com
Nationwide Support: Visit any Standard Insurance branch nationwide.