Covid-19 (coronavirus) and your business

Confused about how Covid-19 affects your business insurance? Get answers at our Covid-19 FAQ.
If you have employees, protect them with Covid-19 Infection Insurance.

Business Interruption Insurance in Singapore

From just $9/month. Buy online in minutes.

Compare quotes from leading insurers

Save up to 25% on premiums

Quick quotes for all products

Advisors available 7 days/wk

Instantly calculate your Business Interruption Insurance premium:

Business Interruption Insurance provides you cash benefits to pay for expenses if you temporarily can't operate your company - e.g. due to fire, flooding, or other causes.

This type of insurance gives you a cash payout when you cannot run your business normally. This interruption could be from a fire, burst pipes, or many other causes.

What does Business Interruption Insurance cover?

1) Loss In Gross Profits: Pays for lost profit (sales-cost) while your business could not operate.
2) Loss in Gross Revenue
3) Increased Cost of Working: Pays for additional expenses incurred (e.g. extra workers, repairmen, etc.) to reinstate your business into operational condition again
4) Loss of book debts
5) Loss of rent receivables: Pays for rent income that you could not collect while your business could not operate.

What are some claim examples of this type of cover?

Exclusions under the policy will include the following:

  • Loss of income due to partial closure of the business
    (the business may still be allowed to operate but at a lower capacity, hence business
    interruption claims will not be admitted)
  • Income that is not documented
    (Poor accounting does not recognise income that has been earned, and revenue that is not
    booked cannot be indemnified)
  • Losses due to non-covered damages

Do I need Business Interruption Insurance?

Business interruption insurance is very This policy is helpful if you:

  • Are worried that you will lose customers if you are unable to operate your business due to disruptions
  • Want to protect your business revenue streams
  • Are unable to continue to manage the business after allocating additional cost to the repair and reinstatement of the property/equipment due to the accident
  • Are unable to estimate the potential cost of rectification works after the disaster
  • Want to limit the amount of liabilities associated with disruptions to your business

How much Business Interruption coverage do I need?

he coverage amount needs to take into account the current revenue, potential revenue and the period of restoration after the disaster incident. Many businesses often makes the mistake of underestimating the cost of repair & restoration, and this expense could snowball to a large amount if the period of restoration take months or years to bring the business back to a fully functional state.

Specialised equipments are typically more expensive to re-purchase or make, or reallocation of business premises could be made more difficult in an inaccessible country/ state. As each business is setup differently, owners need to evaluate the following points which would ultimately determine the cost of the insurance policy:

  • Expected growth and inflation
  • Moving and relocation costs
  • Costs associated with doing business from a temporary location, such as exterior signs and other


  •  Bills you won’t have to pay, such as building maintenance fees
  • Employee costs for staff who won’t be employed during the rebuild, including employee benefits

    and workers’ compensation insurance

How much does Business Interruption Insurance cost?

Coverage starts from just $9/month. Provide’s online platform reduces the cost of insurance, and we pass every dollar saved back to you.

Get Business Interruption Insurance from $9/month. Speak with us today!

  • This field is for validation purposes and should be left unchanged.
Close Bitnami banner