Business Risk Insurance

3R Strategy to Review, Revise & Restructure

We commit to provide independent insurance advisory services.

CC Advisory is an approved Financial Adviser (FA) that works with more than 26 Life and General Insurers to provide tailored-made insurance to your needs with cost saving and optimum insurance protection.

Our approach with 3R Strategy

  1. Review the existing policy with a historical claim report
  2. Revise existing insured protection, in order to achieve optimized protection
  3. Restructure existing insurance in order to achieve 3R objectives either to lower cost or increase coverage

Step 1: Collect Information

All existing insurance policies and past 3 years’ claim history (if any) provided to our advisor for analyzing and advising how to achieve portfolio cost savings. These include

Motor Insurance

Group Medical & Health Insurance

Group Personal Accident Insurance

  • Fire Insurance
  • Liability Insurance
  • Goods in Transit Insurance
  • Money Insurance
  • Burglary / Theft Insurance
  • Fidelity Guarantee Insurance
  • Engineering Insurance
  • Marine Insurance
  • Machinery breakdown
  • Consequential loss
  • Worker compensation

Step 2: Review

Our Financial Adviser Representatives (FAR) work together with our competent Centre of Excellence (COE) team to review your existing insurance policies. 

We source for the right insurance companies that match your company profile and industry to construct the best cost effective insurance proposal. 

Standard processing time within 2 working weeks.

Step 3: Receive your 3R Report with cost savings on premium

Here’s a sneak peek of 3R Report:

Cheng Co 3R Report Sample

Step 4: Settle Everything Else

Once your agreed to proceed, you’ll have a smooth onboarding by our Centre of Excellence (COE) team with the service level promised as below:

How is fee determined for this service?

The good news is, 3R Review Report for business insurance is free of charge at this moment.

Upon acceptance of our proposal by you, we will disclose if there is any fee chargeable to client or commission receivable for insurance products sold on behalf of insurance companies.

The Confidence of Our Clients

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Get Your Complimentary 3R Insurance Review Report Now

Frequently Asked Questions

Who is a Financial Adviser?

A Financial Adviser (FA) is a company approved by Bank Negara Malaysia under the section 11 of Financial Services Act 2013 (“FSA”) to carry out financial advisory business.

Who Is a Financial Adviser’s Representative?

Financial Adviser Representative aka FAR an individual, however styled, in the direct employment of, acting for or by arrangement with an approved financial adviser, who performs for the financial adviser any services relating to financial advisory business.

What are the benefits of engaging a Financial Adviser?

We as a FA is enabled to access to more than 26 insurance companies. Then, will represent clients to select the cost-effective insurance portfolio that matches their industry and needs.

What is the difference between Financial Adviser and General Insurance Agent?

An Approved Financial Adviser is one who represent the client in sourcing the insurance policies from multiple insurance companies that best suits their needs. 

A General Insurance Agent is approved by General Insurance Association of Malaysia (PIAM) and allowed to represent not more than two (2) general insurance companies.

What are the most important insurances needed by all businesses?

Following are the commonly needed business insurances:
– Small business insurance
– General liability insurance
– Professional liability insurance
– Commercial property insurance
– Worker’s compensation insurance
– Data breach insurance (cyber coverage)
– Hazard insurance

What does SME insurance cover?

SME Insurance in Malaysia usually covers:
– Business property insurance
– Business liability
– Business interruption insurance

How frequently should I review my business insurance?

At Cheng & Co, we review our client’s business risk insurance every year. At your end, you may contact us every time there is a change in your business to assess the risk and look for policy amendments suitable to your needs.