<\/p>\n
Several years ago, a Chinese property company began a major project in the Greater Jakarta area. They were building a luxury apartment complex with an investment of over Rp 500 billion. Everything seemed to be running smoothly\u2014experienced contractors, modern design, and strong capital support.<\/span><\/p>\n However, just a matter of months later, a storm struck. An accident at the project site caused part of the basement structure to collapse. Heavy equipment was damaged, workers were injured, and construction schedules were delayed for months. Total losses were estimated at tens of billions of rupiah.<\/span><\/p>\n Project management panicked. They contacted an “insurance agent” they previously knew\u2014a middleman who claimed to be able to handle all their insurance needs. However, once a claim was filed, it turned out the insurance policy didn’t cover damage caused by structural design errors. The claim was denied.<\/span><\/p>\n That’s when it hit them \u2014 they were never helped by a legitimate insurance broker.<\/span><\/p>\n Many Chinese entrepreneurs have come to Indonesia with great enthusiasm, modern technology, and strong capital. Unfortunately, many don’t understand the Indonesian insurance system.<\/span><\/p>\n They usually believe in:<\/span><\/p>\n <\/p>\n As a result, the police they get are often:<\/span><\/p>\n <\/p>\n The Financial Services Authority (OJK) has anticipated this by issuing various regulations, including the POJK on insurance brokers. Its purpose is clear:<\/span><\/p>\n So that the broker defends the interests of the insured (customer), not the insurance company.<\/span><\/p>\n Unlike agents who represent the interests of insurance companies, OJK-approved brokers like L&G Insurance Broker work for their clients\u2014ensuring the best coverage, competitive rates, and claims support through to resolution.<\/span><\/p>\n Take Mr. Zhang, a Shanghai-based entrepreneur who opened an industrial estate development business in Karawang. He partnered with a local contractor and purchased construction insurance policies through an acquaintance he referred to as a “broker.”<\/span><\/p>\n When an incident occurred on the job\u2014a crane fell and damaged part of the building structure\u2014he immediately filed a claim. However, the insurance company rejected the claim, citing:<\/span><\/p>\n \u201cThe policy does not cover risks resulting from incorrect use of heavy equipment.\u201d<\/span><\/p>\n Mr. Zhang was confused. He showed his policy, but couldn’t find a single clause that covered that condition.<\/span> Mr. Zhang’s losses reached nearly 15 billion rupiah \u2014 without a single penny of insurance coverage.<\/span><\/p>\n Now imagine if from the start Mr. Zhang had used the services of L&G Insurance Broker, an official broker registered with the OJK.<\/span> With a professional approach like this, entrepreneurs like Mr. Zhang will not suffer huge losses due to small mistakes in choosing insurance.<\/span><\/p>\n Many Chinese entrepreneurs think that working with insurance brokers is complicated and slow.<\/span> <\/p>\n This way, entrepreneurs can stay focused on business \u2014 while L&G handles all insurance matters professionally.<\/span><\/p>\n For many Chinese companies in Indonesia, insurance decisions are often entrusted to local staff or translators.<\/span> However, a small mistake can be fatal.<\/span> Therefore, the OJK firmly stipulates that only licensed insurance brokers may provide consultation and assistance services to the insured.<\/span> Why L&G Insurance Broker is the Right Choice<\/b><\/p>\n L&G Insurance Broker is not a new player.<\/span> <\/p>\n With the support of a digital system, a team of underwriting experts, and an extensive network in the national and international insurance world, L&G is ready to provide fast, transparent, and professional solutions for every Chinese entrepreneur in Indonesia.<\/span><\/p>\n Don’t Wait Until Claims Fail<\/b><\/p>\n Every year, there are many sad stories of Chinese businesspeople in Indonesia who fail to obtain insurance compensation simply because they chose unlicensed agents or intermediaries.<\/span> With L&G Insurance Broker, you get:<\/span><\/p>\n <\/p>\n \ud83d\udc49<\/span> Don’t wait until loss strikes. Contact L&G Insurance Broker now and ensure your business is properly protected.<\/b><\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" When Big Projects Become Disasters Several years ago, a Chinese property company began a major project in the Greater Jakarta area. They were building a luxury apartment complex with an investment of over Rp 500 billion. Everything seemed to be running smoothly\u2014experienced contractors, modern design, and strong capital support. However, just a matter of months […]<\/p>\n","protected":false},"author":2,"featured_media":9061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,37],"tags":[1435],"class_list":{"0":"post-9060","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bisnis","8":"category-risk-recommendation","9":"tag-chinese-business"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/9060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/comments?post=9060"}],"version-history":[{"count":1,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/9060\/revisions"}],"predecessor-version":[{"id":9062,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/9060\/revisions\/9062"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/media\/9061"}],"wp:attachment":[{"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/media?parent=9060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/categories?post=9060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/tags?post=9060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Common Mistakes of Chinese Entrepreneurs in Indonesia<\/span><\/h3>\n
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True Stories \u2013 Lessons from Property Projects in Karawang<\/span><\/h3>\n
\n<\/span>It turned out that the \u201cbroker\u201d who helped him did not have an OJK permit and only distributed policies from other parties without a thorough understanding of the project risks.<\/span><\/p>\nHow OJK-Registered Brokers Protect Chinese Entrepreneurs<\/span><\/h3>\n
\n<\/span>The professional steps that L&G will take include:<\/span><\/p>\n\n
\n<\/span>The L&G team will review the design, location, type of work, and potential natural and technical risks.<\/span>
\n<\/span>The result: insurance tailored to actual needs, not a generic template.<\/span><\/li>\n
\n<\/span>The broker will negotiate the best premium rates with maximum coverage.<\/span>
\n<\/span>Entrepreneurs don’t have to worry \u2014 just choose the most profitable option.<\/span><\/li>\n
\n<\/span>For example: <\/span>Faulty Design Clause<\/span><\/i>, <\/span>Automatic Reinstatement Clause<\/span><\/i>, And <\/span>Removal of Debris<\/span><\/i>.<\/span>
\n<\/span>All of this protects the project from various risks that are often overlooked.<\/span><\/li>\n
\n<\/span>This is the greatest value of an official broker.<\/span>
\n<\/span>L&G will ensure that claims are submitted with complete documents, negotiations are effective, and claims payments are received as per the policy agreement.<\/span><\/li>\n<\/ul>\nDigital Era \u2013 Use a Broker Without Hassle<\/span><\/h3>\n
\n<\/span>Even though in today’s digital era, the process with<\/span>L&G Insurance Broker<\/b>very fast and transparent:<\/span><\/p>\n\n
Staff Errors Can Be Fatal<\/span><\/h3>\n
\n<\/span>They usually don’t have in-depth experience with insurance, and simply choose based on the cheapest price.<\/span><\/p>\n
\n<\/span>If a large claim occurs and the policy does not cover the risk, then moral and legal responsibility may fall on the staff.<\/span><\/p>\n
\n<\/span>By choosing an official broker like L&G, staff or translators don’t need to worry about making a mistake.<\/span><\/p>\n
\n<\/span>As <\/span>broker officially registered with OJK<\/b>, L&G has experience handling various large projects in Indonesia, including:<\/span><\/p>\n\n
\n<\/span>In fact, all of this can be avoided with a simple step: use an official insurance broker registered with the OJK.<\/span><\/p>\n\n