KB's comprehensive corporate insurance. It integrates three sections — fire loss (Section 1), machinery loss (Section 2) and liability loss (Section 3) — plus a range of special endorsements (cyber, epidemic, bodily-injury, etc.) in a single policy.
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.
KB's comprehensive corporate insurance. It integrates three sections — fire loss (Section 1), machinery loss (Section 2) and liability loss (Section 3) — plus a range of special endorsements (cyber, epidemic, bodily-injury, etc.) in a single policy.
Fire (Section 1) + machinery (Section 2) + liability (Section 3) in one policy.
Choose only the sections you need and tailor the cover.
Combine new risks such as cyber accidents and epidemics by endorsement.
Integrate building-owner and facility-user accident cover.
Manufacturers with factory / production facilities.
Holding stock and warehouse facilities.
Integrated building/tenant/facility risk management.
Companies running multiple stores.
| Mid manufacturer (site valued 10bn) | Limits: Section 1 10bn / Section 2 2bn / Section 3 1bn · key endorsements: cyber, epidemic, bodily-injury |
|---|---|
| Logistics centre (stock 3bn) | Limits: Section 1 3bn / Section 3 1bn · key endorsements: stock + commercial liability |
| Mixed-use building (owner) | Limits: Section 1 5bn / bodily-injury 500m · key endorsement: building-owner liability |
Figures above are sum-insured (cover-limit) design examples, not premiums. (General industry example)
| Policy period | 1 year, renewable |
|---|---|
| Payment | Lump sum (annual) or instalments |
| Insurer | KB |
| Turnaround | 5–10 business days after site assessment |
| 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
Manufacturers with production facilities must manage fire and machinery-accident risk together.
It is better to design the risk of stored stock and warehouse facilities in an integrated way.
The building itself, the tenants and facility-user risk can be bound in one policy.
Managing several stores' risk together reduces cover gaps and management burden.
You can choose only the sections you need and tailor the cover scope.
ONE KB Corporate Insurance is an integrated corporate insurance with a base structure of three sections — fire loss (Section 1), machinery loss (Section 2) and liability loss (Section 3). Its biggest feature is "section-by-section flexibility": you can take all three, or choose only the sections you need and tailor the cover. But this flexibility cuts both ways. A section not chosen is not covered, so you must check that no section your risk needs is left out. And new risks such as cyber accidents and epidemics, and bodily-injury liability for accidents to facility users, are areas combined by special endorsement, not by the base sections.
Source: (General industry example)
The wording and structure points decision-makers most often overlook
Of the three sections — fire, machinery, liability — one not chosen is not covered. Check that no section your risk needs is left out.
New risks such as cyber accidents and epidemics are an area combined by special endorsement, not by the base three sections. Include them separately if needed.
Bodily-injury liability for accidents to the building owner or facility users can be combined by endorsement into a single policy. Review it to match the form of facility operation.
The questions decision-makers ask most when considering ONE KB Corporate Insurance
It is an integrated corporate insurance with a base structure of three sections — fire loss (Section 1), machinery loss (Section 2) and liability loss (Section 3) — combined with endorsements such as cyber, epidemic and bodily-injury liability to fit the establishment's risk.
No. You can choose only the sections you need and tailor the cover scope. But a section not chosen is not covered, so check that the sections your company needs are not left out.
New risks such as cyber accidents and epidemics are an area combined by special endorsement, not by the base three sections. If needed, they must be included separately in the design.
Bodily-injury liability for accidents to the building owner or facility users can be combined by endorsement into a single policy. It is reviewed to match the form of facility operation.
A company running several stores can manage the risks of multiple establishments together, which helps reduce cover gaps and management burden.
The insurer assesses it on the establishment's property scale and sector, the sections and endorsements chosen, 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.
