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Get Singapore's best insurance for warehouses. Broad cover from fire, employee injuries, public liability, & more.
Provide is the easiest way for warehouse operators to get insurance coverage. You can get a comprehensive policy covering your major risks online, within just minutes. Protect your warehouse business today.
What does Warehouse Insurance cover?
|Coverage||Explanation||Importance for warehouses|
|Commercial Property Insurance||Protects your warehouse premises against property damage, e.g. fire, explosions, certain types of water damage, etc.||Critical|
|Public Liability Insurance|
Protects you against liability to third-parties for property damage or injuries.
Can be extended to cover liability for damage to goods belonging to other parties, which have been placed under your care.
|Work Injury Compensation Insurance (WICA Insurance)||Protects your employees if they suffer work-related injuries/sickness.||Legally required for all manual workers (e.g. goods packers, drivers), or workers who earn <$2,600/month|
|Foreign Worker Medical Insurance||Protects your business if your foreign workers require medical treatment.||Legally required for all S-Pass and Work Permit holders|
As a warehouse owner, your clients rely on you to store their products safely. But if your warehouse end up damaging your clients’ goods, you can face the threat of expensive compensation demands, or even lawsuits. Warehouses are prone to risks like fire or water damage. If you have warehouse equipment – like chillers – these can break down, and be expensive to repair. Warehouse staff are also prone to injuries while handling goods.
What are the major risks warehouses face?
Damage to warehouse premises, equipment, and inventory. Fire damage is a major risk for warehouses.
Expensive compensation demands / lawsuits due to products being damaged while stored in your warehouse.
- Equipment breakdown, leading to costly repairs, and also damage to temperature-sensitive goods. Warehouses with chilling/freezing facilities are vulnerable to their machinery malfunctioning, which can lead to large legal claims and also expensive servicing costs.
Death, injury or illness of employees. You’ll need Work Injury Compensation Insurance to cover this.
Injuries to people when in your premises. These people could be clients, suppliers, or business partners – essentially anyone who isn’t an employee. For instance, if a supplier comes to factory to deliver goods and falls, they can sue you for personal injury damages and medical expenses.
Why use Provide for Warehouse Insurance?
Save up to 25% on premiums
Save time with our convenient online platform to easily get quotes, file claims, and manage policies
Expert insurance team with 20+ years experience serving both SMEs and large multinational firms
- Available by phone 7 days a week