Protect your Business with Security Bank and PhilBritish Insurance
We understand the challenges that businesses face in managing business risks. That is why we have partnered with PhilBritish Insurance to offer Security Bank clients a selection of a la carte, discounted non-life insurance products tailored to help you manage business risks such as fire, flood, robbery, theft, food poisoning and so much more!
Don’t let accidents hinder you from growing your business. Have peace of mind and control over risks with PhilBritish Insurance’s affordable and comprehensive business insurance packages.
Property Protection
Protect your business from property and motor vehicle related risks.
Business Protection
Protect your business from internal and external risks.
Third-party Protection
Protect your business from third-party risks.
Property Protection
Get protection for your business’ property and/or motor cars.
Property Insurance
Protect your business property from damage caused by fire, typhoon, and other perils.
Motor Car Insurance
Coverage for your business vehicles, including damage, theft, and third-party liability.
Property Protection Rates
Sum Insured | Property (Fire/Lightning only)1 | Property (Fire/Lightning w/ Allied Perils)2 | Company Car/Fleet3 |
PHP 250,000.00 | 412.50 | 462.50 | Â NA |
PHP 500,000.00 | 825.00 | 925.00 | Â NA |
PHP 750,000.00 | 1,237.50 | 1,387.50 | 13,125.00 |
PHP 1,000,000.00 | 1,650.00 | 1,850.00 | 17,500.00 |
Note: A more structured pricing and complete details and inclusions of Business Insurance shall be presented by PhilBritish Insurance.
1Property: Fire and Lightning only (Industrial occupancy) ​
2Property: Fire and Lightning w/ Allied Perils (Industrial occupancy) ​
1&2Premium is dependent on the location (flood-prone areas are uninsurable for typhoon & flood). Applicable to Class A structures only (e.g. concrete-made/ non-flammable exterior material). ​
3Company Car/ Auto Fleet: Different rates for TNVS and Modernized Jeepneys​
Business Protection
Get protection from risks arising from your business’ day-to-day operations.
Comprehensive General Liability (CGL) Insurance
Safeguard your business against claims for third-party injury or property damage.
Fidelity Guarantee Insurance
Protect your business from employee dishonesty, including fraud or embezzlement.
Money Inside and Outside Insurance
Coverage for cash or valuables on-premises or in transit.
Business Protection Rates
Sum Insured | CGL Opt. A1 | CGL Opt. B2 | Fidelity3 | Money-Inside4 | Money-Outside5 |
PHP 250,000.00 | Â Â Â 1,660.75 | Â Â Â 1,277.50 | 4,471.25 | 1,916.25 | 3,832.50 |
PHP 500,000.00 | Â Â Â 3,321.50 | Â Â Â 2,555.00 | 8,942.50 | 3,832.50 | 7,665.00 |
PHP 750,000.00 | Â Â Â 4,982.25 | Â Â Â 3,832.50 | Get a quotation | Get a quotation | Get a quotation |
PHP 1,000,000.00 | Â Â Â 6,643.00 | Â Â Â 5,110.00 | Get a quotation | Get a quotation | Get a quotation |
Note: A more structured pricing and complete details and inclusions of Business Insurance shall be presented by PhilBritish Insurance.
1Comprehensive General Liability Option A: For Construction Work, Manpower Services, Sports, Events and Restaurants​
2Comprehensive General Liability Option B: Other Industry Types aside from Option A​
3Fidelity Guarantee: Internal Fraud (e.g. Cashier)​
4Money-Inside: Money Securities, Payroll and Robbery (inside the premises)​
5Money-Outside: Money, Securities, Payroll and Robbery (in transit) ​
Third-party Protection
Get protection from unexpected risks in construction projects and other performance agreements involving third-party service providers.
Contractor's All Risk Insurance (CARI)
Ensure your construction projects are covered from start to finish, protecting against unexpected risks.
Performance Bonds
Guarantee contract completion by securing your business against non-performance.
Pricing based on contract value and terms.
Please schedule an appointment to know more about the rates for Third-party Protection (Contractor’s All Risk and Performance Bonds).
Eligibility
Only existing Security Bank account holders who are looking for business insurance protection packages for business purposes are eligible to enjoy preferential rates from PhilBirtish Insurance.
Don’t have a Security Bank Account yet? Apply for a BusinessPlus account or All Access or Any Deposit Account in order to enjoy preferential rates from PhilBritish for your business insurance requirements.
How to apply?
Sign up below to schedule an appointment with a sales representative from PhilBritish Insurance. To facilitate the processing of your application, your contact information will be shared with Security Bank and PhilBritish Insurance.
Next Steps
Here are the next steps after you sign up.
Review Proposal
PhilBritish will contact you to discuss tailored business insurance products based on your specific needs. Make sure to thoroughly review the product details and address any concerns or clarifications during the consultation.
Sign the Conforme and Pay
Once you’ve agreed on the insurance coverage, sign the conforme. Pay the annual premium at the nearest Security Bank branch.
Receive e-Policy
After payment, PhilBritish will send you the electronic copy of your policy (e-policy) for your records within three (3) banking days. Keep it secure for future reference.
Frequently asked questions
Who is PhilBritish Insurance?
PhilBritish Insurance (formerly Philippine British Assurance Company, Inc.) is a privately owned, fully licensed non-life insurance company that has been serving the Filipino community since 1960. With a commitment to reliability and trust, we aim to be the most dependable partner in safeguarding what matters most to our clients
How long does it take to get coverage?
Typically, PhilBritish Insurance can finalize coverage within 2-3 business days after contract signing.
Can I customize my insurance package?
Yes, PhilBritish Insurance’s products are flexible and can be customized to fit your business needs.
What if I have multiple business vehicles?
PhilBritish Insurance offers fleet discounts for motorcar insurance. The more vehicles you insure, the bigger the savings.
How do I claim my insurance?
You can file a claim by contacting PhilBritish Insurance through their dedicated claims hotline or online platform found on their website at https://www.philbritish.com/.
For more details, reach out today and let PhilBritish Insurance help protect your business!Â
Why is property insurance important for businesses?
Property insurance protects a business against damage or loss of physical assets, including buildings, equipment, and inventory, due to covered perils such as fire, theft, or natural disasters.
What is liability insurance, and why is it necessary for businesses?
Liability insurance protects businesses from financial losses arising from claims of injury or damage caused to third parties. It includes general liability, professional liability, and product liability insurance.
How can a business lower its insurance premiums?
Strategies include implementing safety measures, maintaining a good claims history, bundling policies, and regularly reviewing and updating coverage with an insurance professional.
Can a business adjust its insurance coverage during the policy term?
Some policies may allow adjustments during the term, while others may require waiting until renewal. It’s essential to communicate with the insurer and make adjustments as needed.