{"id":9602,"date":"2026-02-18T11:29:42","date_gmt":"2026-02-18T04:29:42","guid":{"rendered":"https:\/\/ligaasuransi.com\/?p=9602"},"modified":"2026-02-18T11:29:42","modified_gmt":"2026-02-18T04:29:42","slug":"kebakaran-besar-di-pasar-kasongan-2026-apakah-bisnis-anda-siap-menghadapi-risiko-serupa","status":"publish","type":"post","link":"http:\/\/ligaasuransi.com\/en\/kebakaran-besar-di-pasar-kasongan-2026-apakah-bisnis-anda-siap-menghadapi-risiko-serupa\/","title":{"rendered":"Kasongan Market Fire in 2026: Is Your Business Prepared for a Similar Risk?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In January 2026, a major fire struck Kasongan Market \u2014 the center of economic activity for the people of Katingan Regency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a matter of hours:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dozens of kiosks burned down<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The trader&#8217;s business capital disappeared<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Supply chain disrupted<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The income of hundreds of families has stopped<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This incident is not just a local disaster. It is a national warning about the weakness of fire risk management in the traditional trade and MSME sectors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The question is:<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">If a similar fire occurs in your business area, is the company financially prepared?<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">Why Are Traditional Markets So Vulnerable to Fire?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">From an industrial risk management perspective, traditional markets have high-risk characteristics:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Non-Standard Electrical Installation<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Overloads, stacked connections, and old wiring are classic triggers for short circuits.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Flammable Materials<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Wood, plastic, textiles, cardboard, cooking oil \u2014 accelerate the spread of fire.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No Fire Compartment<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">The fire quickly spread from one stall to another.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Minimal Protection System<\/span><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No automatic sprinklers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No integrated fire alarm<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Limited hydrant<\/span><\/li>\n<\/ul>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High Capital Concentration<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Dozens of traders store stock in one building block.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In underwriting terms, this is called the High Aggregation Risk Area.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Financial Impact: The Real Loss That Is Rarely Calculated<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Many people only saw burning buildings.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">But the actual loss is much greater.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let&#8217;s do a simple simulation.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Loss Estimation Simulation (Educational Case Study)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">For example, one market block consists of:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">20 kios<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Building value per kiosk: Rp. 150 million<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Average stock value: Rp. 250 million<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Total Exposure Value of One Block:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Building:<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">20 x 150 million = Rp. 3 billion<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stock:<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">20 x 250 million = Rp. 5 billion<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Total = Rp. 8 billion<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not included:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loss of income for 3 months<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Relocation costs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Damage to public infrastructure<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If the average net profit per kiosk is IDR 15 million\/month:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">20 kiosks x 15 million x 3 months = Rp. 900 million lost profit<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udc49<\/span><span style=\"font-weight: 400;\">Total potential economic impact: Rp 8.9 billion<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And this is just one small block.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">How Should Insurance Work?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">For risks such as Kasongan Market, the ideal protection structure includes:<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Property Insurance (Fire &amp; Allied Perils)<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Bear:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fire<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Explosion<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lightning<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Asap<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Industrial All Risks (for market managers)<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It is suitable if the market is managed by the government or BUMD.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Business Interruption (BI)<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Bear:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loss of gross profit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Fixed costs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Additional relocation costs<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Public Liability<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If the fire causes injury or damage to a third party.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Collective Insurance Scheme for MSMEs<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The most realistic solution for traditional markets is a block-based collective insurance program or trader cooperative.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Insurance Premium Simulation (Educational Estimate)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, market fire rates range from 0.15% \u2013 0.30% per year (depending on protection).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the insurance value of one kiosk:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Building + Stock = Rp. 400 million<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a rate of 0.25%:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Annual premium = 0.25% x 400 million = Rp. 1,000,000 per year<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This means: Rp. 83,000 per month.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The cost is less than the price of a carton of mineral water, but it protects hundreds of millions of business capital.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a collective scheme, premiums can be even more efficient.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reality on the Ground: Why Are So Many People Uninsured?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lack of risk education<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The assumption that premiums are expensive<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No broker is proactive<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There is no special product design for MSMEs<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In fact, the risk of fire in traditional markets is included in the high frequency and high severity categories.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>Two Merchants, Two Different Fates<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Trader A had no insurance. All stock was lost. It took years to recover.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Merchant B joined a collective insurance scheme. Within a few weeks, he received his claim payment and was able to reopen his stall sooner.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The difference isn&#8217;t in luck, but in risk management.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">This is the Strategic Role of Insurance Brokers. Many insurance companies simply sell policies. Professional brokers do more than that.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Broker:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">Conduct a risk survey before the policy<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">Calculating realistic insurance value<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">Designing collective schemes for efficient premiums<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">Avoiding underinsurance<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">Accompanying claims until optimal settlement<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Without a broker, traders often face:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Claim deduction due to average clause<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rejection due to misdeclaration<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Undocumented stock value<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">Why is L&amp;G Insurance Broker Worth Choosing?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As a broker with experience in the industrial, construction, and heavy equipment sectors, L&amp;G Insurance Broker understands the risks of aggregation and managing large exposures.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">L&amp;G offers:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udd39<\/span><span style=\"font-weight: 400;\">Risk Assessment Restructure<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Identify potential fires and weaknesses in protection systems.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udd39<\/span><span style=\"font-weight: 400;\">Market Collective Insurance Program<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Design solutions for tens to hundreds of merchants.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udd39<\/span><span style=\"font-weight: 400;\">Accurate Insured Sum Determination<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Avoid fatal underinsurance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udd39<\/span><span style=\"font-weight: 400;\"> Business Interruption Modeling<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Protecting not only assets, but profits.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udd39<\/span><span style=\"font-weight: 400;\"> Claim Advocacy<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Monitor the claims process for optimal and fast payments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udd39<\/span><span style=\"font-weight: 400;\">MSME Risk Education<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Helping traders understand the importance of business protection.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">L&amp;G&#8217;s approach is not simply protection, but a strategy for local economic sustainability.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">National Perspective: Why Does It Matter?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Indonesia has thousands of traditional markets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If just 10% of the country experiences fire every year, the impact on the micro economy is enormous.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Market collective insurance can be:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Regional economic stability instruments<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Post-disaster poverty mitigation tools<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Part of the regional financial strategy<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Big Lessons from Kasongan Market 2026<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The risk of a market fire is very real.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The biggest loss is the loss of cash flow.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The premium is relatively small compared to the exposure value.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Collective schemes are a realistic solution.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A professional broker is the key to effective protection.<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h3><span style=\"font-weight: 400;\">Don&#8217;t Wait for the Next Fire<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The Kasongan Market fire is a stark warning.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Risk of never giving prior notification.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">But protection can be prepared from now on.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Market manager<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Local government<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Traders&#8217; cooperative<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business owners with kiosk concentration<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Commercial property investors<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Now is a good time to evaluate your risk protection.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">L&amp;G Insurance Broker is ready to help design affordable, strategic and sustainable insurance solutions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because ultimately: Fire may be unpredictable. But its impact can be managed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2014<\/span><\/p>\n<p><b>DON&#8217;T WASTE YOUR TIME AND SECURE YOUR FINANCES AND BUSINESS WITH THE RIGHT INSURANCE.<\/b><\/p>\n<p><b>HOTLINE L&amp;G 24 JAM:<\/b><a href=\"https:\/\/wa.me\/628118507773?text=Halo%20Liberty,%20Saya%20sudah%20berkunjung%20ke%20website%20lngrisk.co.id.%20Boleh%20saya%20tanya%20lebih%20jauh?\"> <b>0811-8507-773<\/b><\/a> <b>(PHONE \u2013 WHATSAPP \u2013 SMS)<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Website:<\/span><a href=\"http:\/\/lngrisk.co.id\"><span style=\"font-weight: 400;\"> lngrisk.co.id<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Email: <\/span><a href=\"mailto:halo@lngrisk.co.id\"><span style=\"font-weight: 400;\">halo@lngrisk.co.id<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2014<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>In January 2026, a major fire struck Kasongan Market \u2014 the center of economic activity for the people of Katingan Regency. In a matter of hours: Dozens of kiosks burned down The trader&#8217;s business capital disappeared Supply chain disrupted The income of hundreds of families has stopped This incident is not just a local disaster. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9603,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[250,1569],"class_list":{"0":"post-9602","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-risk-management","8":"tag-asuransi-property-all-risk","9":"tag-pasar-kasongan-kebakaran"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/9602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/comments?post=9602"}],"version-history":[{"count":1,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/9602\/revisions"}],"predecessor-version":[{"id":9604,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/9602\/revisions\/9604"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/media\/9603"}],"wp:attachment":[{"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/media?parent=9602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/categories?post=9602"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/tags?post=9602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}