Commercial retail insurance
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Commercial retail insurance for shops, and online stores.
Whether you run a physical shop or an online e-commerce store, you’ll need retail insurance to protect your business. Commercial retail 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. If you ship goods, consider protecting them with shipping insurance.
It’s quick, tailored, and affordable cover with Provide.
What types of insurance do retailers need?
Cover | Explanation | Importance for retailers |
Covers: – Store premises – Inventory – Equipment – All other store contents – 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/ e-commerce businesses |
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.
Fidelity guarantee insurance
Fidelity guarantee insurance will protect you from employees stealing from your business.
How much does commercial retail insurance cost?
Cover | Coverage amount (example) | Typical premium | Explanation | Importance for retailers |
$100,000 | From $100/year | Covers: – Store premises – Inventory – Equipment – All other store contents – 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 | |
Work injury compensation insurance
| $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 |
Why use Provide for commercial retail insurance?
– Save up to 25% on your premiums for commercial retail insurance
– Compare quotes from multiple insurers
– Industry experts to provide tailored advice
– Available by phone 7 days/week
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