Construction Insurance in Singapore

From $29/month. Covers public liability, work injuries, & more.

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Get Singapore's best insurance for construction companies. Broad cover against business lawsuits, worker injuries, property damage, & more.

Construction is a vital part of Singapore’s economy. If done well, construction can be rich with financial rewards. However, the industry is also fraught with risks. Given its labour intensive nature, construction companies are highly exposed to work injury liability, if their workers get hurt on the job. Construction firms are also frequently the target of legal liability, since many things can potentially go wrong during a project. 

Provide is the easiest way for construction business owners to get business insurance. Get comprehensive & affordable coverage for your workers, your business, and the properties you build. Speak with us today for a rapid quote to protect your company.

What insurance do construction companies need?



Importance for construction firms

Work Injury Compensation Insurance (WICA Insurance)

Protects your employees if they suffer work-related injuries/sickness.

Legally required for all manual workers (e.g. construction workers), or workers who earn $2,600/month or less

Foreign Worker Medical Insurance

Covers your foreign workers for medical expenses. Covers non work-related injuries/illnesses.

Legally required for all S-Pass and Work Permit holders

Commercial Vehicle Insurance

Covers your vehicle against damage. Also covers your liability to others if you get into accidents.

Legally required if you have commercial vehicles

Professional Indemnity Insurance

Protects you from lawsuits related to consulting work


Contractors All Risk Insurance (includes Public Liability Insurance)

Protects your business premises against property damage, e.g. fire, explosions, certain types of water damage, etc.


Machinery and Equipment Breakdown Insurance

Protects your construction machinery against damage.

E.g. cranes, excavators, piling machines.


Business Interruption Insurance

Compensates you for lost business income if you cannot operate your construction business due to covered reasons, e.g. fire destroying a building.

Very good to have

Performance Bonds

Covers clients if mistakes or delays happen during projects.

Often required for projects

How much coverage do I need for my construction company?

Work Injury Compensation Insurance: You should insure all your employees. MOM requires all manual workers, and all workers who earn $2,600/month or less, to be insured. Examples of manual workers include construction workers, supervisors, foremen, cleaners, welders, etc. Basically, anyone who performs physical work.

Foreign Worker Medical Insurance: You will need to have Foreign Worker Medical Insurance for all S-Pass and Work Permit holders. 

Commercial Vehicle Insurance: You’ll need to carry Commercial Vehicle Insurance for each vehicle that you operate.

Professional Indemnity Insurance: You should carry at least $1 million coverage.

Contractor’s All Risk Insurance: You should have at least $100,000 coverage.

Machinery and Equipment Breakdown Insurance: You should carry at least $100,000 coverage.

Business Interruption Insurance: You should carry at least $100,000 coverage.

Performance Bonds: Coverage amounts will be based off your contract requirements.

What are some claims examples for construction companies?

Employee injured at work

Construction errors cause structural instability

Machinery breakdown during project


How much does Construction Insurance cost?


Coverage amount (example)


Work Injury Compensation Insurance (WICA Insurance)

$10 million common law annual limit

$45,000 medical expenses cover

From $5/month, per worker

Foreign Worker Medical Insurance

$15,000 cover

From $6/month, per worker

Commercial Vehicle Insurance

Comprehensive cover (covers vehicle damage + liability to others)

From $300/year

Professional Indemnity Insurance


From $42/month

Contractors All Risk Insurance (includes Public Liability Insurance)

$1 million Public Liability cover

From $59/month

Machinery and Equipment Breakdown Insurance


From $19/month

Business Interruption Insurance


From $9/month

Performance Bonds

Project dependent

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Why use Provide for Construction Insurance?

  • Save up to 25% on your premiums
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Get comprehensive Construction Insurance from $29/month. Speak with our experts today!

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