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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