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SME Business Package Insurance in Singapore

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Business Packages are a comprehensive, all-in-one insurance specially designed for SME businesses in Singapore

Business Package Insurance provides many of the common coverage that SMEs in Singapore needs: fire, water damage, public liability, money, theft, business interruption, and more. It protects offices, retail stores, service stores, F&B outlets, clinics, warehouses, and factories. We highly recommend this broad-cover and affordable business insurance policy designed for all SME owners with less than $25 million in annual revenue, and fewer than 25 employees.

What Does Business Package Insurance Cover?

This type of insurance covers almost all business types, including (but not limited to):

  • Professional Services: Accountants, Consultants, Lawyers, PR/Marketing, Architects, Surveyors, Logistics, Engineers, etc.
  • Personal Services: Spas, Salons, Gyms, Massage therapists, Barbers, etc.
  • Construction: Construction contractors, Electricians, Construction supplies, other construction-related services, etc.
  • IT Services: Web developers, Networking, Cybersecurity, etc.
  • Financial Services: Real estate agencies/brokers, Financial advisors, Hedge funds, etc.
  • Education: Tuition centres, Childcare centres, etc.
  • Wholesalers: Consumer goods, Industrial goods, Chemical goods, Agricultural goods, etc.
  • Healthcare: Western clinics, TCM clinics, Chiropractors, etc.
  • Retail: Clothing, Consumer goods, Health supplements, etc.
  • Food & Beverage: Restaurants, Cafes, Pubs/Bars, Catering firms, Food court stalls, Hawker stalls, Food kiosks, etc.
  • Manufacturing: Industrial, Electronics, Chemicals, Agricultural, etc. 
  • Warehousing: Commercial storage firms
  • Non-Profits: Charities, NGOs, etc.
Essentially, Business Package Insurance insurance covers businesses in Singapore that either operate out of an office, a retail store, a personal services shop, a food/beverage outlet, a clinic, or a factory/warehouse.

Business Package Insurance bundles together most of the common coverage that SMEs need:

  • Commercial Property Insurance  

  • Inventory and Building Contents Insurance

  • Fire Insurance

  • Business Interruption Insurance

  • Public Liability Insurance

  • Group Personal Accident Insurance

  • Goods In-Transit Insurance

  • Fidelity Guarantee Insurance

  • Money Insurance

  • Work Injury Compensation Insurance (only some insurers offer this, depends on the policy).For Small and Medium Enterprise business owners, you can get Work Injury Compensation Insurance quotes online here.

  • Product Liability Insurance (depends on the insurer)

Told you it was comprehensive! We recommend combining your Business Package Insurance with a few other core policies to provide maximum protection. Get an online quote today!

Do I Need Business Package Insurance?

Business Package Insurance is one of the most common types of insurance SME owners will buy.

This insurance is highly beneficial for: 

  • SME owners looking for a convenient, cost-effective method to achieve broad protection against common business risks in Singapore

  • Companies with less than $25 million in annual revenue, and fewer than 25 employees

How Much Business Package Insurance Do I Need?

Our online platform will automatically recommend you the appropriate business insurance coverage amount based on several key factors:

  • Number of employees
  • Turnover amount
  • Industry
If you have more than $25 million in annual revenue, or more than 25 employees, you’ll need a more tailored plan with even greater indemnity. If this is you, get in touch with our expert brokers to start crafting your custom policy today.

What Is The Cost of Business Package Insurance for Small Businesses in Singapore?

If you’re curious about how much an SME business insurance package would cost,  do use our instant price estimator at the top of this page.
With Provide, you save up to 25% on your premiums. Our digital operating model creates lower overheads, and we pass every dollar saved back to our clients in the Small and Medium Enterprise sphere.

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