Business insurance · Malaysia · Head-to-head
Lonpac Insurance vs Zurich General Malaysia
Two Malaysia business insurance options, compared side by side for Malaysia trades.
Which should you choose?
Lonpac Insurance and Zurich General Malaysia are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and Malaysia-specific notes below against your trade and region.
Lonpac Insurance
Tier A · ListedGeneral insurer in the LPI Capital group, with a Contractor's All Risks product
Lonpac Insurance is the general insurance subsidiary of LPI Capital Bhd, whose shares trade on Bursa Malaysia. In October 2024 Public Bank agreed to buy a 44.15% stake in LPI Capital from the late founder's family, and its follow-on general offer lapsed in January 2025 below the 50% acceptance level, per The Star and The Edge. Lonpac lists Contractor's All Risks among its engineering and machinery covers for businesses.
Pros
- + Contractor's All Risks offered as a named business product
- + Parent LPI Capital is listed and reports its results publicly
- + Member of the General Insurance Association of Malaysia (PIAM)
- + Also writes business insurance in Singapore, through its own Singapore site
Cons
- − No published premium rates; quote required
- − The CAR web page gives little readable detail; ask for the Product Disclosure Sheet
- − No online purchase route for CAR found
Malaysia note
Contractor's All Risks sits under Lonpac's engineering and machinery covers for businesses. Ask a Lonpac agent or broker for the Product Disclosure Sheet and policy wording before comparing quotes.
Zurich General Malaysia
Tier A · ListedZurich's Malaysian general insurer, with CAR/EAR cover and Takaful versions
Zurich General Insurance Malaysia Berhad is part of the global Zurich Insurance Group, and Zurich Malaysia says its companies have branches in 30 locations nationwide. Its Contractors' All Risks / Erection All Risks policy covers civil works (CAR) or mechanical and electrical works (EAR). Sister company Zurich General Takaful Malaysia Berhad sells Contractor All Risks Takaful and Erection All Risks Takaful.
Pros
- + One product covers civil works (CAR) or mechanical and electrical works (EAR)
- + Shariah-compliant Takaful versions from a sister company
- + Extensions include SRCC, inland transit, express freight, cross liability and extended maintenance
- + Product Disclosure Sheet and policy wording published on its website
Cons
- − No published premium rates; quote by enquiry form, branch or phone
- − Conventional and Takaful versions are separate products from separate companies
- − Bank Negara fined the insurer RM1,040,000 in January 2026 for sanctions-screening breaches
Malaysia note
Contractors can choose a conventional policy (Zurich General Insurance Malaysia Berhad) or Takaful cover (Zurich General Takaful Malaysia Berhad). Zurich says CAR/EAR benefits are protected by PIDM up to limits.
More Malaysia options
See all Malaysia business insurance vendors and the rest of the Malaysia directory.