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Three years ago, Mr. Chen, a businessman from Shenzhen, came to Indonesia with a big vision \u2014 to build a gas-fired power plant (PLTG) in East Kalimantan.<\/span> Initially, everything went smoothly. However, in the sixth month, a small explosion occurred in one of the generator units during testing.<\/span> When Mr. Chen filed a claim, the insurance company refused.<\/span> \u201cThe policy only covers damage from major fires, not mechanical damage during the test drive.\u201d<\/span><\/p>\n Mr. Chen was surprised. He thought he had paid a high premium, but the coverage turned out to be limited.<\/span> This is where the fatal error begins.<\/span><\/p>\n The energy and mining sector is one of the most complex sectors in the insurance world.<\/span> Some typical risks that must be insured include:<\/span><\/p>\n <\/p>\n However, many Chinese entrepreneurs in Indonesia do not understand the correct protection structure.<\/span> As a result, when accidents occur, their claims often fail to be processed because the coverage does not cover the actual risks.<\/span><\/p>\n Take PT Golden Dragon Mining Indonesia, a nickel mining company from Fujian.<\/span> One day, during excavation activities, a large landslide hit part of the mining area, damaging two excavators and one dump truck.<\/span> When a claim was submitted, the results were rejected.<\/span> \u201cThe policy only covers the risk of heavy equipment accidents, not damage due to natural disasters such as landslides.\u201d<\/span><\/p>\n Management was confused. They only realized that the “broker” didn’t have an OJK license and was merely acting as an informal agent with no technical knowledge.<\/span><\/p>\n If they had worked with an authorized broker like L&G Insurance Broker from the start, their policy would have included additional clauses such as:<\/span><\/p>\n OJK specifically requires that registered insurance brokers must:<\/span><\/p>\n <\/p>\n This is especially important because energy and mining projects have multi-party contracts, often involving banks, investors and local governments.<\/span> With a licensed broker like L&G Insurance Broker, entrepreneurs get a team of experts who understand the entire project cycle: from construction, commissioning, to operations.<\/span><\/p>\n As an official insurance broker registered with the OJK, L&G has extensive experience handling major projects throughout Indonesia.<\/span> <\/p>\n This approach has been proven to help many heavy industry clients save time, reduce costs, and obtain maximum claim payments.<\/span><\/p>\n For Chinese entrepreneurs accustomed to digital efficiency, the good news:<\/span> Now all processes can be done online:<\/span><\/p>\n <\/p>\n With this system, Chinese entrepreneurs do not need to come to the office or worry about distance and language barriers.<\/span> Many Chinese companies entrust insurance processing to local staff or translators.<\/span> In a multi-million dollar project, this mistake could be financially disastrous.<\/span> With L&G Insurance Broker, the responsibility of staff and translators is secure \u2014 because all recommendations and documents are prepared by certified professionals.<\/span><\/p>\n L&G Insurance Broker has been trusted to handle various large energy and mining projects, including:<\/span><\/p>\n <\/p>\n As <\/span>OJK official broker<\/b>, L&G also has a strong reputation for:<\/span><\/p>\n <\/p>\n For Chinese entrepreneurs, L&G is more than just an insurance provider \u2014 it’s a long-term business protection partner.<\/span><\/p>\n The story of Mr. Chen and PT Golden Dragon Mining is just a small part of the many Chinese entrepreneurs who suffered huge losses due to choosing the wrong insurance agent.<\/span> With L&G Insurance Broker, you get:<\/span> Don’t let your energy or mining project stall due to failed claims. Contact L&G Insurance Broker now, before it’s too late.<\/b><\/p>\n
\n<\/span>The project was valued at USD 50 million. He partnered with a local contractor and purchased insurance policies for the project, machinery, and liability through an “insurance agent” introduced by his partner in Indonesia.<\/span><\/p>\n
\n<\/span>As a result, one machine was severely damaged, the project was delayed by three months, and losses reached more than USD 3 million.<\/span><\/p>\n
\n<\/span>The reason:<\/span><\/p>\n
\n<\/span>It was later discovered that the agent who had arranged the policy did not understand the characteristics of the energy project and did not add the clause.<\/span>Testing and Commissioning Cover<\/span><\/i>which is very important for this type of project.<\/span><\/p>\nEnergy and Mining Industry = High Risk, Must Be Handled Professionally<\/span><\/h3>\n
\n<\/span>The risks are high, the values \u200b\u200bare high, and many parties are involved: contractors, operators, investors, and government regulators.<\/span><\/p>\n\n
\n<\/span>They often just buy standard policies without in-depth risk analysis, relying on agents or personal acquaintances who are not licensed by the OJK.<\/span><\/p>\nTrue Stories from Mining Projects in Sulawesi<\/span><\/h3>\n
\n<\/span>They insure heavy equipment and conveyor systems through local intermediaries who claim to be \u201cbrokers\u201d.<\/span><\/p>\n
\n<\/span>The total loss was almost Rp. 12 billion.<\/span><\/p>\n
\n<\/span>Insurance company reasons:<\/span><\/p>\n\n
Why OJK-Registered Brokers Are So Important in This Sector<\/span><\/h3>\n
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\n<\/span>One small mistake in a policy clause could result in billions of rupiah in losses or even months of project delays.<\/span><\/p>\nL&G Insurance Broker’s Approach to Energy and Mining Projects<\/span><\/h3>\n
\n<\/span>The approach includes:<\/span><\/p>\n\n
\n<\/span>The L&G team reviewed the project site to understand the soil conditions, weather, equipment and operational processes.<\/span><\/li>\n
\n<\/span>Including combinationspolicy like:<\/span><\/li>\n<\/ol>\n\n
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\n<\/span>L&G is not tied to any particular insurance company, so it can negotiate the best premium rates and the broadest coverage.<\/span><\/li>\n
\n<\/span>When an incident occurs, L&G will act as the insured’s representative \u2014 preparing documents, negotiating with loss adjusters, and ensuring claims payments are fair and prompt.<\/span><\/li>\n<\/ol>\nThe Digital Era \u2014 All Processes Are Faster and More Transparent<\/span><\/h3>\n
\n<\/span>L&G Insurance Broker has completely digitally transformed.<\/span><\/p>\n\n
\n<\/span>Everything is done quickly, safely and transparently.<\/span><\/p>\nStaff or Translator Errors Can Be Fatal<\/span><\/h3>\n
\n<\/span>But without technical understanding, they can easily choose the wrong policy \u2014 and have their claim rejected as a result.<\/span><\/p>\n
\n<\/span>That is why the OJK emphasizes that only licensed insurance brokers may provide consulting and representation services to clients.<\/span><\/p>\nL&G \u2014 Strategic Partner for Chinese Entrepreneurs in Indonesia<\/span><\/h3>\n
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Conclusion: Don’t Wait for Big Losses to Happen<\/span><\/h3>\n
\n<\/span>All of this can be avoided if you use an official insurance broker registered with the OJK from the start.<\/span><\/p>\n
\n<\/span>\u2705<\/span>Protection tailored to real risk,<\/span>
\n<\/span>\u2705<\/span>Competitive premiums resulting from professional negotiations,<\/span>
\n<\/span>\u2705<\/span>Claims support until completion,<\/span>
\n<\/span>\u2705<\/span>And fast digital services in your language.<\/span><\/p>\n