{"id":9206,"date":"2025-11-24T10:43:46","date_gmt":"2025-11-24T03:43:46","guid":{"rendered":"https:\/\/ligaasuransi.com\/?p=9206"},"modified":"2025-11-24T10:43:46","modified_gmt":"2025-11-24T03:43:46","slug":"5-risiko-utama-bisnis-singapura-di-batam-cara-melindunginya-sesuai-regulasi-indonesia","status":"publish","type":"post","link":"https:\/\/ligaasuransi.com\/en\/5-risiko-utama-bisnis-singapura-di-batam-cara-melindunginya-sesuai-regulasi-indonesia\/","title":{"rendered":"5 Key Risks for Singaporean Businesses in Batam &#038; How to Protect Them According to Indonesian Regulations"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In early 2024, Singapore-based BrightWorks Technology, a precision electronics company, opened a new facility in the Batamindo industrial area. With SMT, CNC, and automated assembly lines worth over Rp 120 billion, they are optimistic about expanding their market reach into Indonesia and Southeast Asia.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But three months into operation, a small incident had a big effect:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Panel control overheat<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A small spark ignites a fire<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">High voltage cable caught fire<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Main engine stopped completely<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Production stops for 21 days<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A USD 1.4 million export contract is in danger of failing.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When a claim was submitted to the Singapore insurance company they had previously used, the response they received shocked the entire team:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;We cannot pay claims for assets located in Indonesia. Indonesian regulations require the use of insurance licensed by the Financial Services Authority (OJK).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Claim rejected. Losses are borne by yourself.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Eventually, they contacted L&amp;G Insurance Broker, an Indonesian broker with experience dealing with Singaporean companies. L&amp;G then:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reorganize the entire policy using an Indonesian insurer<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adding Business Interruption (BI)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Conduct risk surveys and make recommendations for improvements<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Arranging reinsurance to Munich Re and SCOR Singapore<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensure all protection complies with OJK<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Within two weeks, the entire BrightWorks facility was properly protected.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This story is just one of hundreds of real-life incidents experienced by Singaporean businesses in Batam and the Riau Islands.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">1. First Risk: Fire Risk \u2013 The Biggest Threat to Factories &amp; Warehouses<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Batam has a high fire risk record, especially in the electronics, logistics, and cold chain sectors.<\/span><\/p>\n<p><b>Common causes:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">electrical short circuit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">cable overload<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">engine overheating<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">poorly maintained electrical panel<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">human error<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">flammable material<\/span><\/li>\n<\/ul>\n<p><b>Impact of fire:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">million dollar engine damage<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">production downtime<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">loss of export contracts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">third party risk of loss<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">structural repair costs<\/span><\/li>\n<\/ul>\n<p><b>Insurance solutions:<\/b><\/p>\n<p><b><i>Property All Risks (PAR) \/ Industrial All Risks (IAR)<\/i><\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business Interruption (BI)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Machinery Breakdown (if there is an expensive machine)<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Why choose Indonesian insurance?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because OJK regulations require all assets in Indonesia to be guaranteed by Indonesian insurance companies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Singapore policies are invalid and claims can be rejected as in the BrightWorks case.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">2. Second Risk: Damage to High-Value Imported Machinery<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Singaporean investors in Batam usually bring high-tech machines:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SMT line<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CNC 5-axis<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">compressor industrial<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">robotic arm<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">chiller<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">boiler steam<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">laser cutting machine<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Even a small failure can cause long downtime.<\/span><\/p>\n<p><b>Cause of damage:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">voltage fluctuation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">short circuit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">bearing failure<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">human error<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">internal electronic failure<\/span><\/li>\n<\/ul>\n<p><b>Solution:<\/b><\/p>\n<p><b><i>Machinery Breakdown (MB)<\/i><\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Machinery Loss of Profit (MLOP)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Spare Part Import Coverage<\/span><\/li>\n<\/ul>\n<p><b>Peran L&amp;G:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assessing mechanical risks<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Designing a suitable MB policy<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Placed reinsurance to Swiss Re \/ Munich Re<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">3. Third Risk: Damage to Imported Goods (Marine Cargo Risk)<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Most Singaporean companies in Batam import:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">machine<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">spare parts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">electronic<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">chemical<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">construction materials<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The risks:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">damage during loading\/unloading<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">forklift fell<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">container tumble<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">mishandling at the port of Singapore \/ Batam<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">water ingress due to bad weather<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">lost or stolen items<\/span><\/li>\n<\/ul>\n<p><b>Solution:<\/b><\/p>\n<p><b><i>Marine Cargo All Risks \u2013 Door to Door<\/i><\/b><\/p>\n<p><span style=\"font-weight: 400;\">With L&amp;G, many clients get:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">complete all-risks policy<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">fast claim<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">protection during transit Singapore \u2192 Batam<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">4. Fourth Risk: Construction Project Accidents (Project Risk)<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Singapore investors are building a lot:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">warehouse<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">factory<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">cold storage<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">workshop<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">data center<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">shipyard facility<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">High project risks, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">crane collapse<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">scaffolding collapsed<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">steelworks failed<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">leak during tank installation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">worker accidents<\/span><\/li>\n<\/ul>\n<p><b>Solution:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Contractor All Risks (CAR)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Erection All Risks (EAR)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Third Party Liability (TPL)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Delay in Start Up (DSU)<\/span><\/li>\n<\/ul>\n<p><b>Peran L&amp;G:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Analyzing EPC contracts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Designing protection according to risk<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Regulating international reinsurance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monitor claims in the event of an accident<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">5. Fifth Risk: Legal Liability (Liability &amp; Legal Risk)<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Singaporean companies often forget that Indonesia has different liability laws.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Liability risk:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">injured company guest<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">vendor damaged goods\/equipment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">the fire spread to neighboring properties<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">water\/air pollution<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">contractor accident<\/span><\/li>\n<\/ul>\n<p><b>Solution:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Public Liability Insurance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employer\u2019s Liability<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Product Liability<\/span><\/li>\n<\/ul>\n<p><b>Why is it important?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Because third-party accidents often result in expensive lawsuits.<\/span><\/p>\n<p><b>Important Part: All of This Insurance Must Be from Indonesia, Not Singapore<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Based on Indonesian regulations:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udccc<\/span><span style=\"font-weight: 400;\">1. POJK No. 23\/POJK.05\/2015 \u2013 Article 36<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Every insured object in Indonesia is required to use an insurance company licensed by the OJK.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udccc<\/span><span style=\"font-weight: 400;\">2. Law No. 40 of 2014<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Prohibiting foreign insurance companies from guaranteeing objects in Indonesia.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udccc<\/span><span style=\"font-weight: 400;\">3. OJK Circular Letter No. SE-06\/D.05\/2013<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Prohibit the use of foreign police for domestic assets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\ud83d\udccc<\/span><span style=\"font-weight: 400;\">4. PP No. 14 of 2016<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Foreign investors are required to comply with national regulations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conclusion:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u274c<\/span><span style=\"font-weight: 400;\">Singapore police are illegal<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u274c<\/span><span style=\"font-weight: 400;\">Claims may be rejected<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">Mandatory insurance in Indonesia<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">Indonesian broker is the legal representative of the insured<\/span><\/p>\n<p><b>The Role of Indonesian Insurance Brokers in Protecting Singaporean Businesses<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Broker = business representative, not insurer representative.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Broker duties:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Risk assessment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Complete policy design<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Premium negotiation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Negotiating policy wording<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monitoring claims<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Risk mitigation analysis<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monitoring renewal<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">OJK Compliance<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">L&amp;G understands exactly how Singaporean companies operate and their risks in Batam.<\/span><\/p>\n<p><b>Why L&amp;G Insurance Broker is the Top Choice for Singaporean Entrepreneurs<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Main reasons:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2b50<\/span><span style=\"font-weight: 400;\">Decades of experience<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2b50<\/span><span style=\"font-weight: 400;\">Many Singaporean clients in Batam\u2013Bintan\u2013Karimun<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2b50<\/span><span style=\"font-weight: 400;\">Expert in industrial risk &amp; EPC<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2b50<\/span><span style=\"font-weight: 400;\">The most aggressive claims negotiator<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2b50<\/span><span style=\"font-weight: 400;\">International reinsurance (Munich Re, SCOR Singapore, Swiss Re)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2b50<\/span><span style=\"font-weight: 400;\">Bilingual services (Indonesian\u2013English)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2b50<\/span><span style=\"font-weight: 400;\">Professional documentation<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2b50<\/span><span style=\"font-weight: 400;\">Very understanding of OJK regulations<\/span><\/p>\n<p><span style=\"font-weight: 400;\">L&amp;G is not just a broker, but a strategic risk management partner for Singapore investors.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Conclusion \u2013 5 Big Risks, 1 Sure Solution<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In short:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">High fire risk<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">Imported machines are easily damaged<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">Imported goods are prone to accidents<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">Construction projects are very risky<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">Liability is expensive.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And all Singapore businesses in Batam can only be protected through:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">Indonesian Insurance<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">Indonesian Broker<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">International reinsurance<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2714<\/span><span style=\"font-weight: 400;\">L&amp;G Experience<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are a Singaporean entrepreneur or investor who has a business, asset, warehouse, factory or project in Batam, Bintan or the Riau Islands:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don&#8217;t let big risks threaten your business.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Contact L&amp;G Insurance Broker today.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We provide:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2713<\/span><span style=\"font-weight: 400;\">Free risk analysis<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u2713<\/span><span style=\"font-weight: 400;\">Free policy review<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u2713<\/span><span style=\"font-weight: 400;\">Professional insurance program design<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">\u2713<\/span><span style=\"font-weight: 400;\">Claim assistance until completion<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Protect your investment with proper and legal guarantees.<\/span><\/p>\n<p><b><i>Disclaimer<\/i><\/b><b>\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This article provides general information regarding the key risks of Singaporean businesses in Batam and the importance of following Indonesian insurance regulations. This information is not intended as legal advice. Any decisions regarding insurance programs, risk management, or OJK compliance should be made in consultation with a licensed broker or professional advisor. Regulations are subject to change at any time in accordance with the policies of the Indonesian government and OJK.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2014<\/span><\/p>\n<p><b>DON&#8217;T WASTE YOUR TIME AND SECURE YOUR FINANCIAL 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>(CALL \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\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2014<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>In early 2024, Singapore-based BrightWorks Technology, a precision electronics company, opened a new facility in the Batamindo industrial area. With SMT, CNC, and automated assembly lines worth over Rp 120 billion, they are optimistic about expanding their market reach into Indonesia and Southeast Asia. But three months into operation, a small incident had a big [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9207,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[617,1193],"class_list":{"0":"post-9206","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-risk-recommendation","8":"tag-batam","9":"tag-singapore"},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/9206","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=9206"}],"version-history":[{"count":1,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/9206\/revisions"}],"predecessor-version":[{"id":9208,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/posts\/9206\/revisions\/9208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/media\/9207"}],"wp:attachment":[{"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/media?parent=9206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/categories?post=9206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ligaasuransi.com\/en\/wp-json\/wp\/v2\/tags?post=9206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}