Here’s how we can protect your business
All risks coverage for loss or damage to your furniture, equipment, stocks and other contents used in connection with your business. Coverage also includes plate glass, deterioration of stock, goods in transit and loss of money.
Receive a daily payout when your business operations are interrupted due to an insured loss covered under the policy, helping you manage ongoing expenses while you recover.
Get reimbursement for costs to recover, restore or replace IT assets damaged by malware-related incidents.
Protect your business against legal liability if other party suffers accidental bodily injury or property damage arising from your business.
Round-the-clock support when your business needs it most, with our complimentary 24/7 Essential Utilities Assistance
Unexpected emergencies can disrupt your business operations at any time. Whether it is a clogged pipe, a lockout caused by a malfunctioning auto-lock, or other essential utilities issues, our complimentary 24/7 Essential Utilities Assistance helps you get the support you need, so you can get back to business with minimal interruption.
Need more protection? Here’s how you can enhance your coverage
Building protection
Extend cover to insure your building structure at your premises against physical loss or damage.
Fidelity guarantee
Protect your business against financial losses resulting from fraud or dishonest acts committed by your employees.
Work Injury Compensation
Help meet your obligations under Singapore’s Work Injury Compensation Act (WICA) with coverage for your employees who suffer work-related injuries, illnesses or death, while protecting your business against legal liability (including common law liability) arising from employee claims.
Your policy toolkit
Who is this for?
| Tailored to meet the needs of businesses in the following sectors: | |
| Office | Law firms, accounting firms, financial advisory firms |
| Food and Beverage | Pre-schools, after-school care, tuition, enrichment centres, adult learning institutes |
| Retail | Restaurants, cafes, coffee shops, canteen stalls, ice cream shops, catering services |
| Healthcare | Hair, beauty, nail salons, massage centres, gym, yoga, pilates studio |
| Education | Mini-marts, retailers of goods such as electronics, cosmetics, fashion, toys, games, furniture |
| Beauty, Wellness, Fitness | Medical clinics, TCM and chiropractor practices, physiotherapy, veterinary clinics, dental clinics |
| Micro SMEs | Home businesses including offices, hair-dressing services, facial services set up at home, online businesses which are run from home |
| Micro SMEs (F&B) | Home cafes, home baking businesses, push-carts / kiosks situated in malls or outdoor |
Policy conditions
Your queries answered
Most home policies exclude or limit business contents and equipment. SmartBiz 360 covers business assets. An item used for both purposes may be covered where it is used primarily for the business.
There is no official definition. In the fact-find, a business qualifies where it is registered under a personal name for the listed home-based activities, or is company-registered, operates from home and has estimated annual revenue below $500,000.
Classification follows the primary business, unless you select otherwise during the SSIC retrieval process. A gym with a related SSIC is classified under Beauty, Wellness and Fitness, assuming the coffee bar is ancillary and there is no cooking with open flames.
If you are unsure, you may reach out to [email protected].
After the UEN number is entered during the application process, you will be notified immediately if the insured company is under an excluded trade.
Some excluded trades include:
- Nightclubs
- Places of worship
- Self-service laundromat
- Money-changing services
- Pawnbrokers
- General building construction contractors
No. The product is designed and priced for Class 1 construction. Other premises should be referred for an alternative solution.
You are required to insure the full value of your contents and stocks so that you will be able to enjoy maximum benefit coverage in the event of a claim.
If you underinsure, you will receive a claim payout for the rateable proportion based on the sum insured under the All Risks Section should there be a claim.
The segment is deliberately simplified. Public liability sum insureds may need to be higher to meet landlords' or venue operators’ requirements, and business interruption may need a higher daily benefit. Other limits are set to meet typical needs.
Basic is the highest plan for Micro segments and Premier is the highest plan for all other categories. Top-ups start from the highest plans for the sectors so the structure stays simple.
Yes, that is possible if the units conduct the same business at the same location. Please take note to declare each unit number and ensure the sum insured is adequate, otherwise average may apply at claim stage.
If your shops are located in different locations altogether, please purchase separate policies. For example, one F&B retail unit in Century Square, another branch of the same business located in Tampines One.
If you are unsure, please reach out to your account handler or to Income directly.
In the BIX intermediary journey, a quote can be saved at any point after the Policyholder details page.
In the BIX customer journey, a quote can be saved after the Policyholder details page where the applicant is a company policyholder, and where the company has a BIX account created.
The quotation will lapse on the earlier of:
- the policy effective date entered; or
- 14 days after the quotation generation date
If the policy effective date has not been entered yet, it will lapse the day after the quotation generation date.
Understand the details
1. You will be eligible for 15% chain discount on your second policy onwards, if you have 2 or more outlets insured with us.
There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.
This is for general information only and does not constitute an offer, recommendation, solicitation or advice to buy or sell any product(s). You can find the usual terms, conditions and exclusions of this plan in the policy conditions. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance advisor. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. The premiums for this plan include distribution costs, if any.
POLICY OWNERS’ PROTECTION SCHEME – APPLICABLE ONLY IF OPTED FOR WORK INJURY COMPENSATION
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Income Insurance or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
Information is correct as at 01 October 2026 (SGT).
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