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Here’s how we can protect your business.
We cover the loss or damage of stocks, furniture, fixtures, fittings and other contents.
We cover the loss or damage resulting from theft including robbery, hold-up or any attempted threat.
We cover the loss of money in transit within Singapore or while being locked in a safe/drawer on the business premises.
We cover your liability under Work Injury Compensation Act for death or bodily injury to employees.
We cover your legal liability to pay compensation to third parties for property damage or bodily injuries.
Need more protection? Here’s how you can enhance your coverage.
Plate glass damage
We cover accidental breakage of fixed glass in windows, doors and frontage of premises, including showcases.
Business interruption
We provide compensation for interruptions to business following fire and other perils to the insured premises.
Personal accidents
We provide 24-hour worldwide coverage for death or total and permanent disability to employer/employee arising from accidents.
Fidelity guarantee
We cover losses incurred due to dishonest acts or fraud by employees.
Your queries answered.
No, our Business Insurance provides coverage for the contents of your building only. For your building structure, you need to insure under a separate Fire Insurance policy.
No, Business Insurance is applicable to buildings of Class 1 construction (i.e. constructed of brick and concrete) only.
It is not necessary for you to insure rented premises unless stated in the tenancy agreement. However, you may insure the contents which belong to you.
Yes, you can. However it will be classified under the Wholesale category instead of the Office category. Only stocks samples can be covered under Office category.
The excluded trades are as follows.
- Candles, joss paper, joss sticks
- Kerosene, spirit, charcoal
- Paints (liquid) except water and emulsion paints in sealed metal tins or drums, turpentine and varnish
- Petrol kiosk
- Petroleum gas
- Antiques, curios, fur and work of art
- Jewellery, precious metal/stones
- Watch, Camera
- Night club
- Photo-developing centre
The extra perils covered under the Fire Section are as follows.
- Riot, strike and civil commotion
- Malicious damage
- Aircraft damage
- Explosion
- Impact by road vehicles
- Bursting or overflowing of pipes
- Full flood
- Earthquake and volcanic eruption, windstorm and flood
- Hurricane, cyclone and typhoon
No, Fire Section has to be covered on the basis of full value sum insured. This is because, unlike Theft, Fire can result in total loss of the property insured.
No, the Fire Section of Business Insurance provides coverage only for stocks, fixtures, fittings and other contents. To protect the structure of your stall, you may wish to take up our Fire Insurance instead.
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 Fire Section should there be a claim.
The minimum premium payable under your Business Insurance is S$218.00 (inclusive of GST).
Understand the details
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.
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 14 January 2026
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