<중기중앙회, 행안부·KB손보와 ‘Small Business Flood Damage Insurance’ Launch>

[Asia Economy Reporter Moon Hyewon] The Korea Federation of Small and Medium Business (Kbiz) announced on the 23rd that it will launch the ‘Small Business Wind and Flood Damage Mutual Aid’ through a business agreement with the Ministry of the Interior and Safety and KB Insurance to safely protect small business owners’ workplaces from natural disasters such as earthquakes, typhoons, and floods.

Through this agreement, small business owners nationwide will be able to prepare against risks from wind and flood damage and earthquake disasters such as typhoons, floods, and earthquakes. Not only owners of stores and factories but also tenants can subscribe, enabling coverage for facilities and inventory assets.

The Wind and Flood Damage Mutual Aid is a product that provides actual loss compensation within the subscription limit for wind and flood damage to business premises such as stores and factories, as well as various facilities, machinery, and inventory assets. It has been developed for easy subscription exclusively via mobile phones.

Additionally, as a policy insurance product supported by the government and local governments for premiums, it offers the same coverage at a lower premium compared to similar products from other insurance companies, and it has the advantage of allowing easy premium calculation via mobile.

Park Yongman, head of the Mutual Aid Business Division at Kbiz, said, “We will continue to develop various mutual aid products to help small and medium enterprises prepare for various risks they face in their business operations by cooperating with the government and private insurance companies.”

Inquiries regarding the Wind and Flood Damage Mutual Aid can be made by phone or through the Kbiz Blue Umbrella Mutual Aid website.

This content was produced with the assistance of AI translation services.