Business insurance · Malaysia
Zurich General Malaysia
Zurich's Malaysian general insurer, with CAR/EAR cover and Takaful versions
Market position
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.
Malaysia-specific 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.
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
Typical Malaysia pricing
Quote-based; no published premium rates.
Why this matters for Malaysia trades
Under Act 520, every local and foreign contractor must register with CIDB (the Construction Industry Development Board), which grades contractors G1 to G7 with works limits from RM200,000 (G1) to no limit (G7), issues the SPKK certificate for government works and registers construction workers, site supervisors and project managers through the Green Card; working unregistered risks a fine of RM10,000 to RM100,000. LHDN/IRBM runs income tax, employers’ monthly PCB/MTD deductions and the MyInvois e-invoicing system. SSM (the Companies Commission of Malaysia) registers businesses, companies and LLPs; under Act 138 only a Professional Engineer or engineering consultancy practice registered with the Board of Engineers Malaysia (BEM) may submit engineering plans to an authority; and employers must register with and pay monthly contributions to EPF/KWSP and to SOCSO/PERKESO (including EIS), with HRD Corp registration and levy required at 10 or more employees in covered industries.
Malaysian construction and trades software selection is shaped by MyInvois, the national e-invoicing system run by LHDN/IRBM (the Inland Revenue Board), rolled out in phases by turnover from August 2024. Businesses with turnover up to RM5 million entered on 1 January 2026, but under LHDN’s e-Invoice Guideline of 30 August 2026 those below RM3 million are exempt unless a shareholder company, holding company, related company or joint venture has turnover of RM3 million or more, and an interim relaxation for the up-to-RM5 million phase runs to 31 December 2027, allowing consolidated e-invoices for taxpayers who meet its conditions. AutoCount, SQL Account, Bukku and other local accounting and ERP vendors listed here say they submit e-invoices to MyInvois. Add the Ringgit (MYR), SST, CIDB contractor grading from G1 to G7, and monthly EPF, SOCSO, EIS and PCB payroll deductions, with LHDN publishing a list of payroll software whose PCB calculation meets its specification.
Frequently asked
Is Zurich General Malaysia a good fit for Malaysia trades?
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. 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.
What does Zurich General Malaysia cost in Malaysia?
Quote-based; no published premium rates. Pricing and availability can change by region; confirm current Malaysia pricing on the vendor's site before committing.