Corporate Insurance

    List of Corporate Insurance coverage available.

    • Public Liability

      Public Liability

      Public Liability

      No matter how cautious you are, slip-ups and accidents do happen and that is where public liability insurance comes in. This insurance indemnifies you against your legal liability in respect of accidental bodily injury to third parties and/or accidental loss and/or damage to property belonging to third party arising in connection with your business anywhere in Singapore or specific place of business.

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    • Fire & Extra Perils

      Fire & Extra Perils

      Fire & Extra Perils

      Fire, accidental water damage, flood damage and other named perils that may occur to your property which can cause significant losses. Ensure sufficient coverage to your building, machinery, inventory and other contents. Protect your business against accidental losses or damages arising from a comprehensive list of perils, such as fire, lighting, explosion, water damage, flood, riots, strikes and other named perils.

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    • Equipment All Risk

      Equipment All Risk

      Equipment All Risk

      You may have purchased new or second-hand equipment & machinery for business use which might cost you a fortune. This policy covers equipment such as photocopiers, generators, forklifts, warehousing systems, production plants, excavators, tower cranes etc. against accidental loss or damage whilst in the situation of risks from any cause other than those specifically excluded under the policy.

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    • Professional Indemnity Insurance

      Professional Indemnity Insurance

      Professional Indemnity Insurance

      This plan covers professional service providers such as Medical, IT or Financial Services, on mistakes, negligence or errors and omission when you are providing a service or an advice. It provides a financial safety net if you are being sued for damages and in times of increased accountability it is a small investment for big peace of mind.

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    • Foreign Worker Medical Insurance

      Foreign Worker Medical Insurance

      Foreign Worker Medical Insurance

      As an Employer in Singapore, it is mandatory for the organisation to purchase and maintain medical insurance at a coverage of at least $15,000 for all Work Permit and S-Pass holders.

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    • Group Personal Accident Insurance

      Group Personal Accident Insurance

      Group Personal Accident Insurance

      Personal accident provides coverage from accidents resulting in loss of life and/or injuries. It serves a form of employee benefit to attract and retain talent, ensure a peace of mind to heavily expenses, pays comprehensive benefits and includes enhanced scope of coverage.

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    • Employees’ Benefits

      Employees’ Benefits

      Employees’ Benefits

      Group Hospitalization and Surgical covers your employees under one contract – hospitalisation and surgical procedures, in the event of illness or injury. It can serves as a form of employee benefit, provides peace of mind to costly medical expenses and helps to attract and retain good employees.

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    • Performance Bond

      Performance Bond

      Performance Bond

      Increase your capital liquidity and ease your financial burden! Don’t tie up your money in the bank as cash collateral! This bond is required for contractors after a project has been awarded. In the event that the contract is not fulfilled, the insurance company can be called upon to pay the bond, such bond is usually 5% to 20% of the contract value.

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    • Products Liability Insurance

      Products Liability Insurance

      Products Liability Insurance

      As a business owner or operator who manufactures, supplies, sells, or repairs any product, you may risk facing a legal suit for compensation by customers who allege injury or damage caused by a harmful or defective product. This plan covers your legal liabilities to the public or third parties in the event of paying out such compensation, and includes necessary defence costs involved, where the allegations are proven valid.

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    • Comprehensive Business Package

      Comprehensive Business Package

      Comprehensive Business Package

      Commercial Business solutions are tailored to help protect your business. From corporate companies, to retail and F&B, we have got just the right benefits and full coverage for you without spending more than you should.

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    • Small Construction Package

      Small Construction Package

      Small Construction Package

      This plan is suitable for all your insurance requirements for construction projects with contract value less than S$1,000,000. It gives you the flexibility to adjust and to choose the Third Party liability limits to suit your unique requirements.

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    • Commercial Vehicle Insurance

      Commercial Vehicle Insurance

      Commercial Vehicle Insurance

      You may want to know that it is illegal to drive your vehicle in Singapore without the mandatory third party bodily injury cover.

      Commercial Vehicle Insurance covers the following to your needs:

      1. Third Party Only plan insures against claims from others for injury and damages to their property in the event of an
      accident;

      2. Third Party Fire & Theft plan insures against the above including damage to your vehicle in the event of fire or theft;

      3. Comprehensive plan insures you against both of the above including damage to your vehicle in the event of an accident.

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    • Work Injury Compensation

      Work Injury Compensation

      Work Injury Compensation

      This policy covers the liability of employer to pay compensation to their employees who suffered work-related injury, occupational illness or diseases in accordance to the Work Injury Compensation Act.

       

      All employees engaged under a contract of service or apprenticeship is covered under WICA regardless of their salary level.

       

      Alternatively, an injured employee can also file a civil suit against the employer under common law for damages. They can claim from either WICA or common law but not from both.

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    • Contractors’ All Risk Insurance

      Contractors’ All Risk Insurance

      Contractors’ All Risk Insurance

      This plan is a contract insurance that covers losses or damages involved in the performance of a construction project, subject to its policy exclusions, terms and conditions.

       

      Key coverage

       

      Material Damage
      Covers any unforeseen and sudden physical loss or damage from any cause (other than those specifically excluded) to contract works or construction plant, equipment and/or machinery (unless separately insured).

       

      Third Party Liability
      Covers Insured’s legal liability to pay damages consequent upon accidental third party bodily injury and/ or property damage, which is in direct connection with the contract works and happening on or in the immediate vicinity of the contract site.

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    • Directors and Officers Liability Insurance

      Directors and Officers Liability Insurance

      Directors and Officers Liability Insurance

      D&O is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers. Such coverage can extend to defence costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against
      directors/officers simultaneously. Intentional illegal acts, however, are typically not covered under D&O policies.

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    • Immigration Bond

      Immigration Bond

      Immigration Bond

      It is a security deposit (in the form of Banker’s Guarantee) or cash deposit of S$5,000 required by Ministry of Manpower (MOM) for every foreign worker (non-Malaysian) to work in Singapore. Security deposit or cash deposit can be replaced in the form of Foreign Worker Bonds. By purchasing a FWB, the employer do not need to place the security deposit of S$5,000 upfront.

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    • Inland Transit Insurance

      Inland Transit Insurance

      Inland Transit Insurance

      Inland Transit Insurance provides protection for business owner goods while in transit from one place to another; it may be carried in a train, lorry or any other transportation registered to carry goods. The insurance is designed to cover loss for business owners in the event the goods are destroyed, damaged or loss while in transit.

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