Harness your time more effectively with SmartPlan Retail - the one package for all your insurance needs. It gives you the flexibility to increase the coverage limits or add on optional covers to suit your unique requirements.

 

Compulsory Cover

1. All Risks

We insure you against accidental physical loss or damage to your property, which may include stock, machinery, equipment, furniture, furnishing, fixtures & fittings.

Special Covers

• Goods in Transit anywhere in Singapore  ^New
• Directors/Partners/Employee Effects other than Money ^New
• Landlord’s Fixtures & Fittings  ^New
• Automatic Reinstatement following loss/damage   ^New
• Temporary increase in Sum Insured during festive seasons  ^New
• Brand and Label
• Deterioration of Stock
• Breach of Conditions
• Loss or damage to works of art and curios
• Breach of Warranties
• Alterations and Repairs
• Contract Price
• Other Contents
• Fire Brigade Charges and Extinguishing Costs
• Removal of Debris
• Appraisement
• Breakage of glass, signs, and/or all internal and external plate glass in windows, doors, fan lights and partitions

 

Optional Covers

2. Daily Benefits

We will pay you an insured amount for each day that your business is interrupted, up to a maximum of 100 days, after a loss (insured under All Risks)

Special Covers

• Infectious Disease Extension  ^New
• Denial of Access
• Failure of Electricity Supply (Time excess: 24 hours)

 

3. Money

We cover your money whilst they are being kept in your premises, or in transit anywhere in Singapore.

Special Covers

• Money in residence of directors/partners  ^New
• Temporary increase in Sum Insured during festive seasons ^New
• Personal Accident Benefits Extension
• Loss/Damage to Safe/Strongroom

 

4. Workmen's Compensation

We protect you from legal liability towards your employees if they suffer death or injuries by accident arising out of and in the course of employment, under the Workmen’s Compensation Act. For Non-Workmen as defined by the Act, the maximum salary shall not exceed S$3,000 per month for each Non-Workmen.

 

5. Public Liability

We cover your legal liability for all accidental bodily injury or property damage caused by you to third parties in connection with your business. Legal expenses are also covered.

Special Covers

• Advertising and Neon Signs
• Fire and Explosion Endorsement
• Food and Drink
• Loading and Unloading of Vehicles
• Private Works for Directors and Executives
• Sports and Social Activities
• Tenants’ and Occupiers’ Liability

 

6. 24-hours Worldwide Personal Accident

We will pay you if any of your insured persons sustain bodily injury caused by violent, accidental, external and visible means resulting in death or permanent disability. All insured persons must be aged between 16 and 65 at entry age.

Special Covers

• Full Terrorism Cover  ^New
• Repatriation Costs
• Exposure
• Disappearance (One year)
• Murder and Assault
• Hijack
• Daily-In-hospital income (S$100 per day up to 14 days)

 

7. Fidelity Guarantee

We protect you against direct pecuniary loss arising from any act of fraud or dishonesty committed by your employees.

Special Covers

• Auditor’s Fee  ^New

 

8. Business Interruption

We will pay you for the loss of income, due to loss or damage insured under All Risks, up to an indemnity period of 12 months.

Special Covers

• Alternative Trading Clause
• Accumulated Stock
• Automatic Reinstatement of Loss Amount
• Business conducted other than at Location
• Denial of Access
• Department
• New Business
• Utilities & Services  

 

9. Fire & Extraneous Perils on Building

We cover you against loss of or damage to your insured building due to fire or extraneous perils, such as lightning, flood, riot, strike, etc.

Special Covers

• Acquisition
• Alterations and Repairs
• Appraisement
• Architects' Surveyors' & Consultant Engineers' Fees
• Automatic Reinstatement
• Awnings, Blinds, Signs or other Outdoor Fixtures or Fittings
• Breach of Conditions and/or Warranties
• Capital Additions
• Cost of Demolitions and Clearing and Erection of Hoarding
• Electrical installation
• Extended Impact Damage
• Fire Extinguishing Cost/Fire Brigade Charges
• Heating and Power
• Leased Property
• Privileges/Permission Granted
• Public Authorities/Ordinance
• Reinstatement Value (excluding Stock)
• Sue and Labour
• Temporary Protection and Safety Cost
• Tenants' Improvements

Benefits at a glance (S$)
 

	Compulsory Cover	Max Sum Insured/Limit
1	All Risks	2,000,000
	Optional Covers	Max Sum Insured/Limit
2	Daily Benefits (Up to 100 days)	500 per day
3	Money (In Transit & In Premise)	30,000
4	Workmen’s Compensation	25 employees (Max Salary up to 3,000/Month/Non-Workmen)
5	Public Liability	5,000,000
6	Personal Accident	300,000 each person Class 1 & 2 Occupation (Max 10 Persons)
7	Fidelity Guarantee	5,000 any one employee and 10,000 in the aggregate
8	Business Interruption Indemnity Period: 12 months	1,000,000
9	Fire on Building	2,000,000

Eligibility

SmartPlan Retail is the ideal choice for all small and medium sized retail business outlets which includes:

• Bicycle Shops
• Book Shops
• Boutiques
• Car Accessories Shops
• Cosmetics Shops
• Compact Disc/Cassette Shops
• Computer Shops
• Dressmakers
• Electrical Shops
• Furnishing/Lightning Shops
• Gift Shops
• Handicraft Shops
• Hardware Shops
• Household Accessories Shops
• Luggage Shops
• Laser Disc and Video shops
• Mini Marts
• Novelties Shops
• Optical Shops
• Pharmacies
• Provision Shops
• Souvenirs Shops
• Stationery Shops
• Pet Shops (excluding animals)
• Tailoring Shops

Download the SmartPlan Policy Wording.

For a FREE quotation, please call our Hotline at 1800-880 4741, or email us at newenquiry@axa.com.sg, or you may complete and fax the Application Form to 68804740 now!

Download the SmartPlan Retail Application Form.