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Get Singapore's best Food Manufacturers Insurance. Broad cover from property & inventory damage, food poisoning, worker injuries, & more.
What does Food Manufacturers Insurance cover?
Importance for food manufacturers
Protects your business from liability if your food causes food poisoning
Protects your factory against property damage, e.g. fire, explosions, certain types of water damage, etc.
Covers inventory, equipment, fixtures & fittings, and other contents.
Protects you against liability to third-parties for property damage or injuries.
Protects your employees if they suffer work-related injuries/sickness.
Legally required for all manual workers (e.g. production line workers), or workers who earn <$2,600/month
Protects your business if your foreign workers require medical treatment.
Legally required for all S-Pass and Work Permit holders
What are some claims examples for food manufacturers?
Claim Example1: Employee suffers injury while at work:
One of your employees had their hand crushed while working on the production line. You have to call an ambulance, where they get sent to A&E.. The injured worker has to undergo surgery, and their medical bill ends up being $20,000. With this being a work-related injury, MOM will require you to compensate the worker for their $20,000 in medical expenses. MOM will also mandate that you pay your injured employee’s salary while they’re on medical leave. With Work Injury Compensation Insurance (WICA Insurance), the insurance company will pay these substantia costs for you.
Real life case: Worker dies after fire at Mandai factory
Claim Example 2: Factory premises heavily damaged by fire
A fire starts in your food manufacturing plant, and destroys your factory. The fire destroys over $100,000 worth of food inventory. It also heavily damaged $200,000 worth of expensive, state-of-the-art manufacturing equipment. About $200,000 worth of renovations you did to the factory premises are also destroyed. With Commercial Property Insurance, your policy will pay for this $500,000 in damage to restore your factory to its original state.
How much does Food Manufacturers Insurance cost?
Coverage amount (example)
From $29/month for a Food Manufacturer Insurance package deal
$10 million common law annual limit
$45,000 medical expenses cover per worker
$15,000 per worker
From $6/month, per worker
Why use Provide for Food Manufacturers Insurance?
Save up to 25% on your premiums
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