Tiếng Việt
Property All Risks (PAR) — including Compulsory Fire & Explosion
Protect your buildings, machinery, and stock against sudden, unforeseen physical loss or damage—and keep cash flow stable with business interruption cover. PAR can be structured to include Vietnam’s compulsory Fire & Explosion (F&E) insurance where required, so you stay compliant and fully protected.
Target clients
- Factories and warehouses
- Industrial parks
- Hotels and hospitals
- Retailers/shopping malls
- Offices and mixed-use towers
- Schools/campuses
- Logistics hubs
- Data centers
- Real-estate portfolios
Core protections
- “All risks” physical damage to buildings, machinery, contents, and stock (e.g., fire, explosion, lightning, leakage of water, oil, gas, negligence or willful misconduct of The Insured storm/flood, impact, burglary following forcible entry).
- Debris removal, professional fees, and reinstatement costs (as specified).
Add-on protections
- Equipment/machinery breakdown, increased cost of working, suppliers’/customers’ extension, utilities/denial of access, stock deterioration (cold chain), electronic equipment, money/fidelity, terrorism, NATCAT limit buy-ups, and policy clauses for lenders/landlords (additional insured, waiver of subrogation).
Results you can expect
- Balance-sheet protection and faster recovery after loss.
- Contract, lender, and lease compliance (incl. compulsory F&E where applicable).
- Fewer operational disruptions and more predictable costs.
- Expert claims handling to get you back to business sooner.
Vietnam Legal Requirements
Compulsory Fire & Explosion insurance is mandatory for facilities with fire/explosion hazards as defined by law; current rules are set out in The new implementation decree 105/2025/ND-CP for the Law on Fire Prevention, Firefighting, Rescue and Salvage. It replaces earlier fire-safety implementing decrees and takes effect on 1 July 2025.
Property & Casualty Insurance
