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Tailored insurance for professional services.
Professional services insurance from Provide starts with property insurance, so that your premises and inventory are protected. You’ll also want to cover yourself against staff injuries and Covid-19 infections, public liability, and employee theft.
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It’s quick, tailored, and affordable cover with Provide.
What types of insurance do professional services need?
Cover | Explanation | Importance for professional services |
Covers: –Â Â Â Â Â Â Â Â Â Store premises –Â Â Â Â Â Â Â Â Â Inventory –Â Â Â Â Â Â Â Â Â Equipment –Â Â Â Â Â Â Â Â Â All other store contents –Â Â Â Â Â Â Â Â Â Plate glass (e.g. shop windows) | Critical | |
Covers liability if customers get injured in your store. Covers liability if you damage other people’s property (e.g. during renovations/repair work). | Critical | |
Covers work-related injuries/sickness, including Covid-19 infections. | Critical | |
Covers employee’s stealing money from you. | Good to have | |
Covers hacker attacks, liability from PDPA/data breaches, corrupted systems, and more. | Critical for online retail stores/ |
Commercial property insurance
Commercial property insurance will protect your store premises, business inventory, display windows, and all other shop contents.
Public liability insurance
Public liability insurance will protect you from liability for injuries/property damage to third-parties.Â
Fidelity guarantee insurance
Fidelity guarantee insurance will protect you from employees stealing from your business.
How much does professional services insurance cost?
|
Cover |
Coverage amount (example) |
Typical premium |
Explanation |
Importance for professional services |
|
$100,000 |
From $100/year |
Covers: –Â Â Â Â Â Â Â Â Â Store premises –Â Â Â Â Â Â Â Â Â Inventory –Â Â Â Â Â Â Â Â Â Equipment –Â Â Â Â Â Â Â Â Â All other store contents –Â Â Â Â Â Â Â Â Â Plate glass (e.g. shop windows) |
Critical |
|
|
$100,000 |
From $100/year |
Covers liability if customers get injured in your store. Covers liability if you damage other people’s property (e.g. during renovations/repair work). |
Critical |
|
|
$10 million annual limit (market standard, required by Singapore law) |
Sales assistant/cashier: $10/month, per worker Office-based roles: $5/month, per worker |
Covers work-related injuries/sickness, including Covid-19 infections. |
Critical |
|
|
$5,000 |
From $100/year |
Covers employee’s stealing money from you. |
Good to have |
