The Finest Business Insurance in Singapore

Any business should consider purchasing business insurance. It may shield your company against several dangers, including property damage, liability lawsuits, and worker injuries.

Although some companies might believe they are too little to be concerned with business insurance, this is actually untrue. Business insurance comes in a variety of forms, and each form can offer a defense against a particular set of hazards.

This post will go through 8 of Singapore’s Finest Business Insurance alternatives.

Best Business Insurance in Singapore

1

Pacific Prime Business Insurance

A number of insurance alternatives are provided by the Singapore-based insurance brokerage Pacific Prime Business Insurance to safeguard you and your business. They have offices in Hong Kong, Singapore, Dubai, and Shanghai and have more than 10 years of experience offering their clients cutting-edge insurance solutions.

With Pacific Prime Business Insurance’s Third-Party Liability coverage, you are guaranteed protection in the event that any unaffiliated people were to suffer an accident on your property or as a result of their work for your firm. Additionally, they offer employees salaries and benefits, including things like personal accident insurance and group medical insurance. They also offer insurance for real estate.

Highlights:

• Employee Benefits
• Workmens’ Compensation
• Protection of physical assets
• Professional Indemnity and Product Liability

Glad to have got it done through Farah. She is friendly and explains all the details thoroughly and guides very well. Strongly recommended. – Shama Praveen

2

Etiqa Business Owners Super Suite

The Etiqa Business Owners Super Suite (BOSS) offers a number of business packages, each of which is tailored to meet the needs of small and medium-sized firms that operate in a particular industry. These categories include but are not limited to, Personal Services, Education, Pub & Restaurants, Office, Retail, and Light Manufacturing.

Visit the website of your firm if it operates in one of these areas for further details. One of the most frequent hazards they insure against is key theft, along with seasonal stock increases, exterior signs, external blinds, and other elements.

Highlights:

• Cater to the needs of small to medium size business
• Non-obligatory consultation
• Can tailor to your needs

Great customer service, was terminating some policies that were no longer suited for me, I wrote in and Etiqa very promptly responded and guided me on the steps. It was fuss free from the start to the end, many thanks to Jovie who assisted and reminded me when I missed out on providing some information. – JJ

3

AXA SmartPlan

More than 8 coverages are included in one insurance under the AXA SmartPlan. They promise that one simple, affordable plan will provide comprehensive coverage for all of their clients. Additionally, AXA covers all property hazards, workers’ compensation for injuries, business disruption, and liabilities.

These property hazards cover the possibility of losing or harming structures, machinery, supplies, furniture, and other goods. Their remuneration will cover both medical leave pay and related hospital and medical costs. Your firm is covered by AXA SmartPlan for any revenue lost as a result of a disruption in operations.

Lastly, they will pay you back for any claims if someone is hurt or has an accident as a consequence of your company’s negligence. Through its SmartCare program, AXA provides a range of health, disability, and growing healthcare price coverage for your employees and their families.

Highlights:

• Hospitalization & Surgical
• Outpatient
• Family and Lifestyle Protection
• Other Medical Cover
• Protect your Business with SmartPlan
• Property All Risks
• Work Injury Compensation
• Business Interruption
• Liability

Called the general line to enquire if there is any outstanding payment for my car hire purchase loan. Was attended by an excellent customer service agent (Jake). Explained clearly the status, and even gave me a follow-up call. Best customer service I’ve received from an insurer to date. – Just In

4

AIG SME Package

For Singapore’s small and medium-sized firms, the AIG SME Package is a flexible multi-line insurance that contains all crucial coverages. AIG will be happy to help, whether you’re searching for a new insurance policy, need help understanding your current policy, or just want to speak with an agent so they can help you better understand your coverage choices.

They offer simple bundled solutions with the appropriate level of coverage for micro and small businesses, as well as tailored solutions, to meet your specific requirements. You may choose between six different sectors—food, beauty, education, healthcare, business, and retail—and three different plan kinds. You may also tailor your insurance plan if none of them meet your needs.

Highlights:

• Burglary
• Daily Cash Benefit
• Fidelity
• Group Personal Accident
• Inland Transit
• Loss of Gross Rental
• Money
• Public Liability
• Work Injury Compensation

I’ve been with AIG for many years and the auto-renewal process is a breeze! Thankfully haven’t had the chance to “enjoy” the claims but have heard great things from my friends. – Yong Hou Tan

5

China Taiping Insurance Singapore

Singapore-based China Taiping Insurance Pte. Ltd. has a lengthy history in Singapore and has been offering general insurance since 1938. In Singapore, CTPIS has served as a general insurer for more than eighty years, starting in 1938.

Since January 2019, TTPIS has expanded into the life insurance market and now provides full one-stop financial solutions for both individual and business needs. The great majority of CTTPIS insurance solutions are for BizTrenZ employee benefits packages, international workers’ medical insurance, and other things. Small and medium-sized enterprises can purchase the BizTrenZ Employee Benefits Package, a reasonably priced group insurance plan, with as few as two employees.

The China Taiping Insurance Group is a sizable multinational financial and insurance company with activities all over the world, with branches in Mainland China, Hong Kong, Macau, North America, Europe, Oceania, and East and Southeast Asia.

Highlights:

• Branded and well-known distribution partners
• One-stop financial solutions
• Different business insurance packages to choose

Thank you customer service and China Taiping teams! – Jason Lim

6

QBE Business Insurance

The first Australian firm to register in Singapore is QBE Business Insurance. A reliable supplier of specialist expertise and expert insurance services is QBE Business Insurance. Your insurance agent will be an expert who is knowledgeable in his field. He or she will be knowledgeable and competent to help you in every way feasible, including by offering guidance on how to reduce out-of-pocket expenses while filing a claim.

Their top-notch solutions are created to satisfy any need, from high-end risks to simple and straightforward insurance requirements. According to their philosophy, “if they can prevent the unexpected, they may help you operate your company with confidence.

Highlights:

• Risks for loss or damage to Building, Contents, Stocks, and Machinery and Plant
• Business Interruption for loss of profit/revenue
• Public and Products Liability
• Miscellaneous Property for property in Singapore or worldwide
• Machinery Breakdown and Electronic Equipment for damage to machinery and electronic equipment
• Money for loss of money on-premises or in transit

No reviews yet as of this writing

7

Provide Cover

Consider Provide Cover if you’re looking for cheap business insurance coverage. It is one of the few insurance providers that offer SMs extensive coverage and all-inclusive insurance policies.

Property damage and business disruption are two examples of what their business insurance plans might cover. The other things covered are product liability, public utility repairs, water and fire damage, and fire damage.

Additionally, Provide Cover is a group of insurance experts with in-depth knowledge of the Singapore market that can help you choose the best coverage for your business.

Highlights:

• Broad cover for fire, public liability, worker injuries, and business interruption
• Tailored for your business
• Brand-name global insurers

No reviews yet as of this writing

8

Easy Insure

Easy Insure is renowned for creating specialized insurance solutions that are catered to the needs and capabilities of your business. After asking you a few simple questions, they’ll be able to give you a detailed explanation of what kind of insurance will be most beneficial for you and why.

Easy Insure offers a wide range of business insurance products, such as buy-sell agreements, employer liability insurance, and employee medical insurance. They provide more than 10 different forms of company insurance in addition to a wide variety of coverage. In this manner, whatever needs you may have might be satisfied.

Highlights:

• Personalized service for each online inquiry
• Team of professional staff
• Adapt to the new digital age

No reviews yet as of this writing

This article will aid in assisting you in making a decision if you’re looking for business insurance in Singapore. Nowadays, there are a lot of alternatives accessible to business owners, making it difficult to determine which sort of protection is ideal or even what kind of business insurance they actually require.

We’ve done the research and identified 8 distinct categories of company insurance that are ideal for various requirements. Our list covers a range of hazards faced by company owners today, from general liability insurance to cyber liabilities.

Please leave a comment below if you have any inquiries regarding how we came up with the list or if you would want additional details on a certain type of business insurance. We’d be thrilled to hear from you!

Do check out our list of Home Insurance and have time to visit them for you to know the appropriate insurance in place in advance.

The Finest Business Insurance in Singapore

We curated the top Business Insurance in Singapore. Check out their services and let us know if they serve you the best way possible.

Product Currency: SGD

Product Price: 100-300

Product In-Stock: InStock

Editor's Rating:
4.5