Business Insurance Solutions (SME)

Customised insurance for SME companies

SME Business Solution provides small- to medium-sized commercial, retail and industrial clients with broad financial protection against a variety of risks under a comprehensive specifically targeted insurance package or multi-coverage.

All companies are unique in their operation, there are also plans for Office, Retail and Spa & Beauty package that can be tailored to match your specific needs and budget.

What Does It Cover

Property All Risks

For loss or damage to Building, Contents, Stocks and Machinery and Plant.

Public Liability

For legal liability to public.

Machinery Breakdown

For damage to machinery and electronic equipment.

Work Injury Compensation

As per legislation for death, bodily injury to employees.

Group Personal Accident

For Death and Permanent Disablement, Temporary Disablement and Medical expenses.

Business Interruption

For loss of profit/revenue, increased cost of workings and weekly benefits.

Miscellaneous Property

For property in Singapore or worldwide.

Money

For loss of money in premises or in transit.

Fidelity Guarantee

For loss of money/goods by fraudulent or dishonest acts of employees.

Inland Transit

For loss or damage to goods in transit

EXCLUSIONS

There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.

IMPORTANT INFORMATION

Policies are yearly renewable, subject to the agreement of the Insurer. Premiums payable for these insurance policies are not guaranteed and may change at Policy Renewal Date at the Insurer’s full discretion.

All benefits and features mentioned herein are subject to terms and conditions of the policy. You must refer to the Policy Contract for the precise terms and conditions of this insurance plan.

Note: Buying a life and/or health insurance policy can be a long-term commitment. An early termination of the policy usually involves high costs, and the surrender value payable may be less than the total premiums paid. You may wish to seek advice from a financial adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.

Policy Owners' Protection Scheme

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 or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).