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Singapore's Best SME Business Insurance Package
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Business Insurance Packages are a comprehensive, all-in-one insurance specially designed for SME businesses in Singapore.
A Business Insurance Package 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 an SME Business Insurance package cover?
An SME Insurance Package deal bundles together the major types of coverage that businesses will need.
This includes:
Commercial Property Insurance (also known as “Industrial All Risks” Insurance)
Business Interruption Insurance
Public Liability Insurance
Work Injury Compensation Insurance
Once you have the covers above, you’ll be well-placed to protect yourself against many of the large risks that business owners face. We recommend combining your Business Insurance package with a few other core policies to provide maximum protection. Examples of these include Professional Indemnity Insurance, Directors Liability Insurance, and Cyber Insurance.
What kinds of companies can get covered by a Business Insurance package?
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.
Do I need a Business Insurance package?
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 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's the cost of a Business Insurance package 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.