Kedai Perabot Hong: Case Study: Buying Fire Policy

Due to the report is researching a furniture shop, Kedai Perabot Hong, so that the stock they have including table, chair, cabinet, sofa and so on. On the other hand, this shop has a lot of office equipment such as computer and fax machine.
Based on research, we found that Kedai Perabut Hong only bought the current policy, which is fire policy to cover the physical damage on office equipment and stock. But at the same time, Kedai Perabot Hong faced with the high risk to loss of goods in transit, loss of profit, dishonesty of employee and loss of money. It is because Kedai Perabot Hong never bought the related policy to cover this all risk from the beginning business until now.
In order to reduce the risk to a minimum, we suggest that Kedai Perabot Hong should be keep buying fire policy to protect physical damage on office equipment and stock. Fire policy can used to cover damage to property caused by a fire. When happening loss of furniture caused by a fire, this policy will be cover the cost of replacement, reconstruction or repair beyond what is covered by the property insurance. So that, Kedai Perabot Hong can be get the indemnity of the damage furniture in the actual value.
Employee dishonesty insurance is one of the key coverage provided in a commercial crime policy. Employee dishonesty insurance is the types of insurance to cover for employee theft of money, securities, or property, written with a per loss limit, a per employee limit, or a per position limit. Money including currency, coins, bank notes and so on held for sale to the public while the securities are negotiable and non-negotiable instruments or contracts representing either “money” or other property. For instance, when the employee theft the tangible property like computer equipment, Kedai Perabut Hong can be obtain reimbursement under the employee dishonesty