On Jun. 21, MAC MA began to accept applications from SMEs.
MAC MA began accepting applications for catastrophe property insurance from SMEs.
Business development fund continues to offer a subsidy to reduce economic burdens.
Follows MAC MA Jun. 2024 increased sum insured, reduced premium rate, #176148,.
Applications
SMEs can insure each business location through five local insurance companies, with coverage options of MOP 100k, MOP 200k, MOP 300k, and MOP 500k.
Merchants without prior claims receive up to a 35% renewal premium discount.
Eligible SMEs receive a subsidy covering 50% of the total standard premium or up to MOP 30k, reducing the financial burden on insuring against catastrophes.
Effectiveness
The application is open for enrollment from Jun. 21, to Dec. 31, 2024.
