Hyundai's corporate integrated (all-in-one) insurance. A standard mid-enterprise package holding property, machinery, BI, liability and Cyber Plus in a single policy. Hyundai's alternative to the DB Package and the Chubb Master Package.
N2N Insurance Brokerage does not represent any single insurer — it independently represents the client as an FSS-registered broker (Reg. No. 2026-012201). We compare the wordings, rates and service of AIG · Chubb · DB · Hyundai · KB · Meritz to propose the cover and price best suited to your risk. Each insurer's full wording is provided at application and binding.
Hyundai's corporate integrated (all-in-one) insurance. A standard mid-enterprise package holding property, machinery, BI, liability and Cyber Plus in a single policy. Hyundai's alternative to the DB Package and the Chubb Master Package.
| Section I — Property | Fire, explosion, storm-flood, theft, breakage (All Risks) |
|---|---|
| Section II — Machinery (MB) | Internal machinery breakdown, electrical accident |
| Section III — BI | Business-interruption loss (from property/machinery) |
| Section IV — GL | Premises owner/manager + general liability |
| Section V — Cyber Plus | Reduced cover for hacking, ransomware, data leakage |
Assets recommended 3bn KRW+, holding factory / R&D.
Combined storm-flood, leakage and fire risk.
Equipment and research-instrument risk.
| Policy period | 1 year (renewable) |
|---|---|
| Insurer | Hyundai |
| Sum insured | Asset replacement value + liability limit |
| Turnaround | Standard 5–7 business days / large 2 weeks (incl. risk consulting) |
| Channel | Individual consultation with our broker (010-5755-6465) |
If the insured event has already occurred at the time the contract is made, the contract is void. However, where the contract is void due to the company's intent or negligence, or where the company knew or could have known of the nullity before acceptance yet did not refund the premium, the company refunds the premium with interest at the policy-loan rate published by the Korea Insurance Development Institute, compounded annually, for the period from the day after payment to the day of refund.
The specific losses not covered (exclusions) are set out in each insurer's policy wording and product description; on this page, see the “Cover” tab(or the “Losses not covered” section) for the main exclusions. For other cover-specific grounds on which claims are not paid, please refer to the policy wording.
The company provides cover, in accordance with the policy, from the time it accepts the application and receives the first premium. Where the company accepts the application after receiving the first premium with it, cover also begins from the time the first premium was received.
The application must be completed by the policyholder, and the policyholder and the insured must sign it by hand. Failure to sign by hand may result in disadvantages regarding the validity of the contract. On an internet cyber-mall, an electronic signature may be used instead.
The policyholder has the right to be given and have explained the information needed about the product they wish to buy.
The insurer and N2N Insurance Brokerage must explain the important matters of the product to ordinary financial consumers.
When applying, the policyholder, the insured or their agent must disclose truthfully the facts they know regarding the questions in the application (including the questionnaire). Otherwise the claim may be declined or the contract cancelled. Where insurance is taken out by telephone or other means of communication, the duty is performed by answering the seller's questions, which are recorded, without a separate written questionnaire, so answers must be given with particular care.
If, after the contract is made, any of the following arises in respect of the subject-matter insured, the policyholder or the insured must notify the company in writing without delay and obtain endorsement on the policy.
The surrender value is the amount paid if the contract is cancelled early. Unlike bank savings, insurance combines risk protection and savings: part of the premium is paid out as claims to other policyholders who suffer accidents, and part covers the insurer's operating expenses, so the surrender value on early cancellation may be less than the premiums paid, or nil.
Under Article 59-4(1) of the Income Tax Act (special tax credit), for protection-type insurance taken out by an employee only, a tax credit of 12% of the premium paid (capped at KRW 1 million per year) is available. Tax matters may change with amendment or repeal of the relevant tax law.
Except as provided by law, the insurer and N2N Insurance Brokerage do not collect, use, inspect or provide personal data related to this contract — for its conclusion, maintenance and claim payment — without the consent of the policyholder, the insured or the beneficiary. However, for those purposes the insurer may, with the consent of the policyholder and the insured and in accordance with law, provide personal data to other insurers and insurance-related bodies.
The above is a summary and excerpt of the policy wording; for grounds on which claims are not paid and other details, please refer to the policy wording and product description.
Situations that come up often in corporate property management — a five-scenario self-check
A manufacturer with both production and research facilities benefits from managing property, machinery and BI risk together.
Facilities holding much stored stock are exposed to several risks — fire, storm-flood, leakage.
High-value equipment and research instruments carry mechanical/electrical accident risk, needing separate cover.
Integrating several risks in one policy reduces cover gaps and management burden.
Risk-management services such as a periodic risk diagnosis can be used in connection with the insurance.
Hyundai Enterprise Plus insurance is an integrated package holding property (All Risks), machinery (MB), business interruption (BI) and liability (GL) in one policy. The key is that each risk is made up of Section I–IV modules — Section I covers property loss such as fire, storm-flood and theft, Section II the accidental breakdown of machinery and electrical equipment, Section III lost turnover and fixed costs during a stoppage, and Section IV third-party liability from premises and operations. Even in an integrated package, each module has a different risk and exclusion structure, so check that the Sections your company needs are all included. Earthquake/eruption is an optional endorsement, and fire liability becomes compulsory for a multi-use establishment — endorsements matched to the establishment must be reviewed together.
Source: (General industry example)
The wording and structure points decision-makers most often overlook
Property, machinery, BI and liability each have a different risk and exclusion structure. Check that the Sections your company needs are all included.
Loss from earthquake or eruption is handled by an optional endorsement, not base cover. In an at-risk area, check whether it is included.
If the premises is a multi-use establishment, fire liability becomes compulsory. Check whether the establishment is in scope and reflect it in the cover.
The questions decision-makers ask most when considering Hyundai Enterprise Plus insurance
It is a corporate integrated package holding property (All Risks), machinery (MB), business interruption (BI) and liability (GL) in a single policy. It lets mid-to-small enterprises manage property and operational risk in one frame.
Each risk is made up of Section I–IV modules, and the risk and exclusions differ by module. Check that the Sections your company needs are all included.
Loss from earthquake or eruption is handled by an optional endorsement, not base cover. In an area with that risk, check whether the endorsement is included.
Lost turnover and fixed costs during a stoppage from a covered accident are handled in Section III (business interruption). Check that the module is included.
Leased facilities can be extended through a tenant-cover endorsement. The cover scope should be designed to match the lease relationship.
The insurer assesses it on the establishment's property scale and sector, the modules (Sections) and endorsements combined, the limits, and past incident history. The exact premium and acceptance terms are confirmed after underwriting by insurers such as AIG, Chubb, DB, KB, Meritz and Hyundai.
