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Having solid risk solutions can make a big difference if things go wrong
For more than 40 years, Kloon has been helping businesses and people manage their risks. Our focus is only on business and related insurances which is why we do this well. That we have grown with our clients over the years speak volumes for the approach we take in our work which include:
Kloon’s portfolio of risk is diverse across all industries. We help ensure smooth sailing for our marine clients. We have also supported the construction of some of the most iconic landmarks in Singapore as well as a fair amount of its public infrastructure. We help businesses stay compliant with authorities as well as their clients or principals by providing packaged and custom insurance solutions.
Most importantly, we understand each risk from a business owner’s perspective and we do not take short cuts. Speak to us and be assured that there are no unknown gaps in your corporate insurance program.
Kloon’s portfolio of risk is diverse across all industries. We help ensure smooth sailing for our marine clients. We have also supported the construction of some of the most iconic landmarks in Singapore as well as a fair amount of its public infrastructure. We help businesses stay compliant with authorities as well as their clients or principals by providing packaged and custom insurance solutions.
Most importantly, we understand each risk from a business owner’s perspective and we do not take short cuts. Speak to us and be assured that there are no unknown gaps in your corporate insurance program.
The entire range of business insurance is wide and sometimes complex. Beware the offerings that emphasize pricing and speed of cover only without proper advisory on what you are/should be covering for. This can be a nightmare when you have to make a claim and no one is there to advise.
At Kloon, we will explain to you the risk complexities without the technical jargon. Our difference is that we have a relationship with each and every one of our clients. We look forward to speak with you to explain carefully what your options are and what you should look out for. Business is complex enough. Leave insuring it to us.
Reach out to us by any means convenient for any of the following insurances, whether simple or complex.
We have supported the insurance requirements of the SolarNova program (phases 1, 2, 3 & 4) in Singapore putting us in a leading position in this segment. This is in addition to various other private solar and solar-related projects locally. Solutions cover both construction and operational phases. Stakeholders covered include contractors, operators, financiers and principals.
Within the region, we have advised and structured insurance programs for projects notably in Thailand, Vietnam and Cambodia. The complexity of risk is heightened by topography, weather and security variables. Accordingly risk displacement requires the use of sophisticated covers like Marine Delay in Start-Up (DSU) insurance; as well as liaising with oversight teams commissioned by financiers.
Insurers are particularly fastidious about insurance for cleanrooms. Kloon manages the risk program for a significant portion of cleanroom assets within our property portfolio. Our clients trust us to ensure their investments are protected from construction to operation. Our contribution to their assurance stems significantly from structuring a positive feedback loop between insurers and insureds. We take effort to frame underwriters’ concerns meaningfully instead as insights for our clients to benefit from.
Our clients’ needs can be sophisticated – Kidnap & Ransom worries; hybrid NVOCC / vessel operator liabilities; multi-country requirements – to name a few. At the same time, there are mundane but no less important covers like Work Injury Compensation and Third Party Liability amongst others. We take responsibility for your full range of needs under a single point of contact. Our account managers are empowered to advise and execute. All of whom have entrepreneurial experience giving us the unique advantage of understanding any business from an owner/management perspective.
This sets us apart and ahead of our competitors.
Professional Liability or Indemnity covers one for professional breaches in the delivery of their service.
Kloon has seen steady growth in this class of insurance over the past decade and this is an area of specialty for us. The business portfolio in this class is diverse from architects/doctors/lawyers to financial institutions to management consultants. We help clients understand their contractual requirements, win new business and maintain confidence in their service delivery.
Being a comprehensive service provider, Kloon is especially sensitive to how professional indemnity insurance should segue with other liability covers for clients with multi-faceted exposures. We are also mindful that there are inferior policies in the marketplace. We do not hide behind digital platforms that emphasize cheap covers which more often than not rely on these inferior wordings to justify their price.
Claims, if they arise, under Professional Indemnity tend to be long drawn and complicated with the involvement of many stakeholders. Our clients have the comfort of knowing that they can reach us readily to be with them and competently navigate the way through together.
At Kloon, we don’t just sell insurance. We understand business and we are with our clients throughout.
Kloon is especially mindful for complex and rarer covers. We have helped our clients with heavy exposure to rough neighborhoods put in place Kidnap & Ransom covers. As well, we are able to assist in placing out risks related to Livestock. These are some examples of covers which our clients have found difficulty in securing elsewhere but found security through Kloon.
When it comes to claims, the more sophisticated, the deeper our involvement. We have facilitated the successful defense of a USD600,000 liability claim alleging corrosion of tank coatings spanning some 2 years. We have assisted in the negotiation for ransom and successful release of hostages who were in captivity for 60 days. We have walked with an insurer and our client through a USD15m liability claim that was ultimately settled for USD2.5m; and after it all, left insurer-client relationship stronger than ever before.
There is nothing too tedious or complex for us to ensure that our clients are as assured as can be.
We have supported the insurance requirements of the SolarNova program (phases 1, 2, 3 & 4) in Singapore putting us in a leading position in this segment. This is in addition to various other private solar and solar-related projects locally. Solutions cover both construction and operational phases. Stakeholders covered include contractors, operators, financiers and principals.
Within the region, we have advised and structured insurance programs for projects notably in Thailand, Vietnam and Cambodia. The complexity of risk is heightened by topography, weather and security variables. Accordingly risk displacement requires the use of sophisticated covers like Marine Delay in Start-Up (DSU) insurance; as well as liaising with oversight teams commissioned by financiers.
Insurers are particularly fastidious about insurance for cleanrooms. Kloon manages the risk program for a significant portion of cleanroom assets within our property portfolio. Our clients trust us to ensure their investments are protected from construction to operation. Our contribution to their assurance stems significantly from structuring a positive feedback loop between insurers and insureds. We take effort to frame underwriters’ concerns meaningfully instead as insights for our clients to benefit from.
Our clients’ needs can be sophisticated – Kidnap & Ransom worries; hybrid NVOCC / vessel operator liabilities; multi-country requirements – to name a few. At the same time, there are mundane but no less important covers like Work Injury Compensation and Third Party Liability amongst others. We take responsibility for your full range of needs under a single point of contact. Our account managers are empowered to advise and execute. All of whom have entrepreneurial experience giving us the unique advantage of understanding any business from an owner/management perspective.
This sets us apart and ahead of our competitors.
Professional Liability or Indemnity covers one for professional breaches in the delivery of their service.
Kloon has seen steady growth in this class of insurance over the past decade and this is an area of specialty for us. The business portfolio in this class is diverse from architects/doctors/lawyers to financial institutions to management consultants. We help clients understand their contractual requirements, win new business and maintain confidence in their service delivery.
Being a comprehensive service provider, Kloon is especially sensitive to how professional indemnity insurance should segue with other liability covers for clients with multi-faceted exposures. We are also mindful that there are inferior policies in the marketplace. We do not hide behind digital platforms that emphasize cheap covers which more often than not rely on these inferior wordings to justify their price.
Claims, if they arise, under Professional Indemnity tend to be long drawn and complicated with the involvement of many stakeholders. Our clients have the comfort of knowing that they can reach us readily to be with them and competently navigate the way through together.
At Kloon, we don’t just sell insurance. We understand business and we are with our clients throughout.
Kloon is especially mindful for complex and rarer covers. We have helped our clients with heavy exposure to rough neighborhoods put in place Kidnap & Ransom covers. As well, we are able to assist in placing out risks related to Livestock. These are some examples of covers which our clients have found difficulty in securing elsewhere but found security through Kloon.
When it comes to claims, the more sophisticated, the deeper our involvement. We have facilitated the successful defense of a USD600,000 liability claim alleging corrosion of tank coatings spanning some 2 years. We have assisted in the negotiation for ransom and successful release of hostages who were in captivity for 60 days. We have walked with an insurer and our client through a USD15m liability claim that was ultimately settled for USD2.5m; and after it all, left insurer-client relationship stronger than ever before.
There is nothing too tedious or complex for us to ensure that our clients are as assured as can be.
Assisting with legal strategy on behalf of clients, at their request, with lawyers (only for shipping disputes – freight, cargo contamination and shortage).
Facilitating communication with surveyors and lawyers to defend, limit or mitigate liability.
Communication with and / or negotiating with claimants on behalf of clients, at their request.
Ensuring prompt attention from insurers.
Attending mediation sessions with clients.
Coordinating with P&I clubs upon clients request.
Ensuring prompt attention from insurers.
Facilitating communication with surveyors and lawyers to defend, limit or mitigate liability.
Communication with and / or negotiating with claimants on behalf of clients, at their request.
Assisting with legal strategy on behalf of clients, at their request, with lawyers (only for shipping disputes – freight, cargo contamination and shortage).
Attending mediation sessions with clients.
Coordinating with P&I clubs upon clients request.
In Partnership with QBE Insurance (Singapore) Pte Ltd
The above covers are secured with QBE Insurance (Singapore) Pte Ltd, which is part of the QBE Insurance Group listed on the Australian Securities Exchange and headquartered in Sydney.
1 Wallich Street, #35-01(C), Guoco Tower,
Singapore 078881
T: +65 6241 3767
(Enquiries – Call or Whatsapp)
T: +65 6535 7673
(Renewals / Policy Matters)
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