Wholesalers Insurance in Singapore

From $39/month. Covers property damage, injuries, & more.

Save up to 25% on premiums

Quick quotes for all products

Advisors available 7 days/wk

Get Singapore's best insurance for wholesalers. Broad cover for property/inventory damage, injuries, liability, & more.

As a wholesaler, you have to store lots of goods for sale. If these goods get damaged, you could suffer a big loss. Wholesalers are also at risk of employees getting injured. Get comprehensive Wholesalers Insurance today with Provide, in just minutes.

What does Wholesalers Insurance cover?

Coverage

Explanation

Importance for wholesalers

Commercial Property Insurance

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

Covers your inventory, business premises (e.g. office, warehouse, etc.), equipment, fixtures & fittings, & other contents.

Critical

Public Liability Insurance

Protects you against liability to third-parties for property damage or injuries.

 

 

Critical

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

What are some claims examples for wholesalers?

Claim Example 1: Goods packer injured while moving stocks

work injury

One of your employees was packing heavy goods for storage in your warehouse. Some of the goods accidentally fall off the shelf, hitting your employee. Your employee falls over, and suffers a fractured arm, and other injuries from the heavy goods. He undergoes surgery to treat his injury. His medical bill is $7,000. Under Singapore law, you must compensate your employees for work-related injuries/illnesses. With WICA Insurance, the insurance company would pay for your employee’s $7,000 medical expense. 

Claim Example 2: Inventory gets damaged

building fire

The warehouse you store your goods in catches fire. The blaze destroys $100,000 worth of inventory that you had been planning to sell. If you have Commercial Property Insurance, the insurance company would pay for the cost of your damaged goods. 

Claim Example 3: You injure someone else while delivering goods

injury at work

You were out delivering goods to a client. While moving goods up to an office, you accidentally hit a member of the public. The injured person files a personal injury lawsuit against your company, claiming damages for their medical expenses, and for your negligence in causing their injury. With Public Liability Insurance, the insurance company would cover your i) legal fees to defend your company, and ii) damages/settlement costs.

How much does Wholesalers Insurance cost?

Coverage

Coverage amount (example)

Premium

Commercial Property Insurance

$100,000

From $39/month for a Warehouse Insurance package deal

 

Public Liability Insurance

$500,000

Work Injury Compensation Insurance (WICA Insurance)

$10 million common law annual limit

 

$45,000 medical expenses cover per worker

Business Interruption Insurance

$10,000

Foreign Worker Medical Insurance

$15,000 per worker

From $6/month, per worker

Why use Provide for Wholesalers Insurance?

  • Save up to 25% on your premiums
  • Compare quotes from multiple insurers
  • Industry experts with 20+ years combined experience to provide tailored advice
  • Available by phone 7 days/week 

Get comprehensive Wholesalers Insurance, starting from $19/month. Speak with us today!

  • This field is for validation purposes and should be left unchanged.
Close Bitnami banner
Bitnami