Why Choosing the Right Insurance is So Important in Bali
Bali is now known not only as a tourist island, but also as a center for business growth, lifestyle, and the international expatriate community.
From luxury villas and boutique hotels, to trendy restaurants, retail businesses, and digital startups, all are thriving amidst the competitive dynamics of the local economy.
But behind this growth, risks are also increasing:
- Natural disasters such as floods, earthquakes and fires,
- Legal risks resulting from business negligence or third party injury,
- Loss of assets and property,
- Health issues for individuals and employees,
- As well as financial risks due to sudden loss of income.
Unfortunately, many individuals and entrepreneurs in Bali still choose the wrong insurance product — either because they are tempted by low prices, don’t understand the policy’s contents, or buy directly without professional guidance.
To avoid these mistakes, it’s important to understand how to choose the right insurance — and why a licensed insurance broker like L&G Insurance Broker is the best solution for you.
Common Mistakes When Buying Insurance
Before discussing how to choose the right one, let’s first look at the most common mistakes made by customers:
❌Buying directly from the company without understanding the policy
Many buyers focus only on the premium price, not the contents of the guarantee and policy exclusions.
❌Trust in unofficial agents
Individual agents often do not have OJK permits and do not represent the interests of customers, but rather those of specific companies.
❌Not conducting a risk analysis first
As a result, the policies purchased are often not suitable for needs or are even excessive.
❌Not paying attention to the coverage limit
When a claim occurs, the compensation value is not sufficient to cover the actual loss.
❌Not renewing the policy every year
Asset values, market conditions, and business risks change over time.
All these mistakes can be avoided if you have a professional partner — an experienced insurance broker like L&G Insurance Broker.
What Is an Insurance Broker and Why Is It Important?
Many people still don’t understand the difference between an insurance broker and an insurance agent.
| Difference | Insurance Brokers (such as L&G) | Insurance Agent |
| Represented party | Customer / Client | Insurance Company |
| The main purpose | Protecting client interests | Selling company products |
| Permission Official | Issued by OJK | Issued by insurance companies |
| Products offered | Many (independent) companies | One company only |
Additional services Risk analysis, premium negotiation, claims assistance Policy sales & administration
With a broker like L&G Insurance Broker, you get objective and comprehensive insurance solutions, not just policy sales.
Steps to Choosing the Right Insurance in Bali
✅1. Know Your or Your Business’ Specific Risks
Every individual and business has different risks.
Example:
- Villas in Uluwatu → Risk of fire and earthquake.
- Restaurants in Seminyak → Risk of guest injury & food poisoning.
- Expat entrepreneurs → Health risks & legal liabilities.
The broker will help you identify risks (risk profiling) before choosing a policy.
✅2. Determine the Type of Insurance Required
Here are the main categories recommended by L&G Insurance Broker in Bali:
- Property Insurance (Property All Risk) – protects buildings & assets.
- Vehicle Insurance (Comprehensive/TLO) – for personal & operational vehicles.
- Individual & Employee Health Insurance.
- Liability Insurance – for hospitality, retail, and service businesses.
- Travel Insurance – a must for expats & tourists.
- Life Insurance and Personal Accident.
✅3. Compare Several Policies and Insurance Companies
Don’t buy directly from one source.
Official brokers such as L&G will provide comparisons of several companies (Allianz, Chubb, Zurich, Sompo, Tugu, etc.)
The goal:
- Get the best premium,
- The widest coverage of guarantee,
- Clear and realistic claim terms.
✅4. Make sure the insurance company has a good reputation and smooth claims processing.
Not all insurance companies have fast claims services.
L&G has extensive experience handling large claims in Bali and ensures every client claim is resolved professionally and on time.
✅5. Use an Official and Experienced Insurance Broker
OJK-licensed brokers such as L&G Insurance Broker have legal responsibilities and professionalism regulated by law.
You get:
- Legal protection as a client,
- Service assurance,
- Cost transparency,
And full support at every stage — from purchase to claim.
- Case Example: Choosing the Wrong Insurance Can Be Fatal
Case 1 – Villa Owner in Canggu
Bought cheap property insurance directly from an agent, but when a fire broke out, the claim was denied because the policy did not cover “short circuit fire.”
The total loss of Rp 1.2 billion is irreplaceable.
Case 2 – Restaurant in Ubud
Just buy standard fire insurance, without public liability.
When a customer slips and demands compensation of Rp. 250 million, all costs are borne by the customer himself.
Case 3 – IT Consulting Business
Does not have professional indemnity insurance.
When the client’s system failed and caused a loss of Rp. 400 million, the owner had to bear all legal costs.
The three cases above could have been avoided if they had used a reputable broker like L&G, which would have ensured the policy was tailored to the actual risks on the ground.
Full Service from L&G Insurance Broker
As an experienced insurance broker for more than 30 years,
L&G Insurance Broker has assisted hundreds of individuals, expats, and companies in Bali across various sectors: hospitality, construction, transportation, retail, and property.
L&G’s main services include:
🔹Insurance Risk Analysis & Audit
🔹Insurance Program Design (Custom Insurance Solutions)
🔹Premium Tendering & Negotiation with Multiple Insurance Companies
🔹100% Claim Assistance
🔹Annual Policy Review & Renewal
🎯“We don’t sell policies, we sell peace of mind — peace of mind and protection for your individuals and businesses.”
Insurance Premium Estimates in Bali (General Range)
| Types of Insurance | Annual Premium Range | Notes |
| Property All Risk | 0.1% – 0.25% of asset value | Buildings, shops, villas, hotels |
| Public Liability | 0.15% – 0.4% of the limit | Usaha hospitality & retail |
| Individual Health | Rp. 5 million – Rp. 25 million | Depends on age & benefits |
| Vehicle | 2% – 3% of the vehicle price | Comprehensive or TLO |
| Professional Indemnity | 0.25% – 0.5% of the annual fee | For consultants & professionals |
| Travel Insurance | Rp. 500 thousand – Rp. 2 million | Per trip or yearly |
Practical Tips from L&G for Insurance Customers in Bali
✅Use a broker, not an unlicensed private agent.
✅Don’t just focus on the premium price — understand the guarantees and exclusions.
✅Always read the policy with the broker before signing.
✅Request a claim simulation so you know the process from the start.
✅Conduct a policy review annually, especially as your business grows.
✅Keep all claim documents neatly (photos, invoices, incident reports).
Why Choose L&G Insurance Broker in Bali?
🌴Bali Risk & Hospitality Industry Specialist – understands the unique needs of businesses in the tourism and expat sectors.
🏢Officially Registered with OJK & APPARINDO – guarantees legality and security.
🤝Partnership with Leading Insurance Companies – national & international.
💬Fast & Transparent Claims Assistance – assisted directly by a team of claims experts.
📊Free & Independent Consultation Service – not in favor of any insurance company.
🔐“With L&G Insurance Broker, you don’t just buy a policy — you get protection tailored specifically to your needs in Bali.”
Conclusion
Choosing insurance isn’t just about finding the cheapest price, it’s about understanding the risks and ensuring the right coverage.
Whether you are an individual, an expat, or a business owner in Bali, the decision you make about insurance will determine how quickly you can recover from a loss.
With L&G Insurance Broker, you have a professional partner standing by your side — ensuring every penny of premium truly delivers real benefits.
💡“Protect your assets, business, and future with a trusted insurance broker in Bali — L&G Insurance Broker.”
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DON’T WASTE YOUR TIME AND SECURE YOUR FINANCIAL AND BUSINESS WITH THE RIGHT INSURANCE.
HOTLINE L&G 24 JAM: 0811-8507-773 (CALL – WHATSAPP – SMS)
Website: lngrisk.co.id
Email: halo@lngrisk.co.id
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