Allianz Malaysia releases flood guideline for commercial and SME policyholders

It also includes flood vulnerability assessments.

Allianz Malaysia has introduced a general flood guideline for its commercial and small and medium-sized enterprise policyholders as heavy rainfall approaches.

The guideline provides operational and business continuity steps to be taken before, during, and after flooding, aiming to minimise flood damage and disruption. It also includes flood vulnerability assessments and emergency contact details for relevant government agencies.

Chief Underwriting Officer Rafliz Ridzuan noted that whilst business owners are eager to protect their assets, they often lack the resources or expertise to do so effectively. Given that some equipment and assets may be uninsured, Allianz is focusing on outreach to help businesses prepare for and mitigate flood-related risks.