Tips for Buying Insurance

1. Do your research

Before you commit yourself to an arrangement with an insurer, it's worth taking time to check their credentials:

Are they a well-known, established company?
Are they licensed in Hong Kong?
Have any of your business associates or friends dealt with them?
Are they financially stable?
Have they been rated by an independent security-rating agency?
(You have the right to ask for this information.)

Many policies don't provide the protection you need - or the protection you think you're buying - so make sure you read the small print carefully.

A contract may only provide a very low limit of business liability protection. Some liability claims can take up to 10 years to settle and if your policy limit has been exceeded at the time of settlement you may have to pay the balance yourself.
Legal fees in Hong Kong have become very high. Check your policy carefully to make sure that legal expenses will be paid in addition to the limit of liability.

All general insurance products are underwritten by AXA General Insurance Hong Kong Limited (“AXA”). AXA will be responsible for providing your insurance coverage and handling claims under your policy. All Life insurance products are underwritten by HSBC Life (International) Limited (“HSBC Life”). Both AXA and HSBC Life are authorised and regulated by the Insurance Authority. The Hongkong and Shanghai Banking Corporation Limited is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agent of AXA , for the distribution of general insurance products, and HSBC Life , for the distribution life insurance products, in the Hong Kong SAR.

HSBC Life (International) Ltd received a rating of AA- from Standard and Poor's.

AXA General Insurance Hong Kong Limited is a member of the AXA Group. With over 170 years of experience in Asia, AXA is one of the top general insurers in Hong Kong.

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