Key benefits
Maximise insurance coverage with up to five million for Public Liability and three million for All-Risk
Get boosted coverage at reduced rates for selected benefits
Enjoy free rental expense coverage
Get to include up to 25 employees for WIC Insurance as part of SMECare package
Include more trades: from wholesale, manufacturing to light industries
We have got your needs covered
Compare our plans in detail, you’ll definitely find something that suits you
Description
Standard Plan Sum Insured
Top-up Rates
Maximum Limit
All Risks1
Excess: S$500 each and every loss
Sub-limit
- Plate Glass: S$25,000
- Full-theft: maximum 20% of the sum insured or S$100,000, whichever is lower
Standard Plan Sum Insured
S$100,000
Top-up Rates
S$21.80 for every S$10,000
Maximum Limit
S$3,000,000
Consequential Loss
Excess: 3 days by order of a public authority
- Due to insured perils under All Risks
Standard Plan Sum Insured
S$250 per day up to 100 days
Top-up Rates
S$10.90 for every S$50 per day
Maximum Limit
S$500 per day
- Cost of material and labour incurred caused by Fire and/or Extraneous Perils
Standard Plan Sum Insured
S$1,000
Top-up Rates
N.A.
Maximum Limit
N.A
Rental Expenses
Standard Plan Sum Insured
S$200 per day up to 100 days
Top-up Rates
N.A.
Maximum Limit
N.A.
In transit
Standard Plan Sum Insured
S$5,000
Top-up Rates
S$5.45 for every S$500
Maximum Limit
S$10,000
In premises during business hours
Standard Plan Sum Insured
S$5,000
Top-up Rates
S$5.45 for every S$500
Maximum Limit
S$10,000
In premises after business hours
Standard Plan Sum Insured
S$5,000
Top-up Rates
S$5.45 for every S$500
Maximum Limit
S$10,000
- Sub limit in locked drawers/cash registers within insured premises
Standard Plan Sum Insured
S$1,000
Top-up Rates
S$5.45 for every S$500
Maximum Limit
S$2,000
- Sub-limit in locked drawers/cash registers within registered directors' residences
Standard Plan Sum Insured
S$1,000
Top-up Rates
N.A.
Maximum Limit
N.A.
Personal Accident
Not exceeding 70 years of age
Standard Plan Sum Insured
S$50,000 or pro-rated if more than one insured person
Top-up Rates
N.A.
Maximum Limit
N.A.
Public Liability
(Any one loss and unlimited any one period)
Excess: S$500 each and every loss
Standard Plan Sum Insured
S$500,000
Top-up Rates
S$81.75 for every S$500,000
Maximum Limit
S$5,000,000
Food & Beverage Extension
(Any one loss and in the aggregate)
Excess: S$500 each and every loss
Standard Plan Sum Insured
S$50,000
Top-up Rates
S$27.25 for every S$50,000
Maximum Limit
S$150,000
Goods-in-Transit
Excess: S$250 each and every loss
Standard Plan Sum Insured
S$5,000
Top-up Rates
N.A.
Maximum Limit
N.A.
Annual Premium
Standard Plan Sum Insured
S$523.20
Top-up Rates
Maximum Limit
1 All Risks/Fire and Extraneous Perils (Buildings only)
- Premises situated on road level or basement is subject to an excess of S$2,500 each and every loss in respect of flood claims
Optional Coverage
Description
Sum Insured/Headcount
Top-up Rates
Maximum Limit
Buildings only
Sum Insured/Headcount
To be declared
Top-up Rates
S$5.45 for every S$10,000
Maximum Limit
N.A.
Any one loss and in the aggregate
Sum Insured/Headcount
S$2,000
Top-up Rates
S$32.70 + S$32.70 per additional S$500 insured
Maximum Limit
S$5,000
Any one loss and in the aggregate
Sum Insured/Headcount
S$3,000
Top-up Rates
S$32.70 + S$10.90 per employee
Maximum Limit
Up to 25 employees
Non-manual employees
Sum Insured/Headcount
Earning ≤ S$30,000
Earning > S$30,000 up to S$75,000
Top-up Rates
S$32.70 per employee
S$76.30 per employee
Maximum Limit
Up to 25 employees
Manual/Drivers/Deliveries
Sum Insured/Headcount
Earning ≤ S$50,000
Top-up Rates
S$218.00 per employee
Maximum Limit
Up to 25 employees
Any one claim and in the aggregate
Excess: S$5,000 each and every claim
Sum Insured/Headcount
S$100,000
S$150,000
Top-up Rates
S$381.50
S$545.00
Maximum Limit
S$100,000
S$150,000
1 All Risks/Fire and Extraneous Perils (Buildings only)
- Premises situated on road level or basement is subject to an excess of S$2,500 each and every loss in respect of flood claims
2 Fidelity Guarantee
- This section will need to be taken together with the Work Injury Compensation section
- Please declare occupation and headcount
3 Work Injury Compensation
- Please refer to separate underwriting for annual earnings above the stated amount
- Please declare occupation, headcount and Actual4 annual wages per Category. Actual4 annual wages consists of salary (including overtime pay), bonuses and allowances excluding transport allowance
4 Actual annual wages per category at the inception of the policy year
Get in touch
If you have any questions regarding this product, don’t hesitate to reach out via our contact form.
Get in touch
If you have any questions regarding this product, don’t hesitate to reach out via our contact form.
Notes
- Full reinstatement values for building and renovation/improvements
- Full replacement costs for contents other than stock-in-trade
- Market value for stock-in-trade
Without allowance for wear, tear and depreciation otherwise any claim settlement will be proportionately reduced.
- Computer components, integrated circuit chips
- Motor garages, showroom, workshop
- Scrap metal
- Ceremonial i.e. joss sticks and paper products
- Spring mattress, bedding fabric
- Paint and Vanish
- Battery and Tyre
- Alcohol, Wines and Spirits
- Accommodation providers, backpacker's inn
- Traditional Chinese herbs, dried seafood products
^ Standard terms are not applicable to referred trades
- Blasting, smelting, or other operations involving hazardous activities
- Hot work and/or spray painting
- Jewellery, precious stones/metals, watches, work of arts
- Contractors of all trades including landscaping
- Charcoal, fireworks and other explosive goods
- Livestock and/or nurseries
- Logistics,transportation,freight forwarders
- Oil, kerosene, petroleum, LPG and other flammable liquid and gases, chemicals (flammable, toxic or explosives)
- Rubber, plastics, foams
- Woodworking
- Any offsite contract works
- Building not of Class 1 construction, shared premises, multi tenanted
- Property kept in the open/without perimeter, fence, security, pre-war premises
- Risks outside Singapore
Note: Please approach our underwriting team should you have questions on referred trades and excluded trades.
The information provided here is a summary. Please refer to the actual policy wordings for the terms and conditions.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us (sgservicecenter@libertymutual.com) or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).