Business Advantage

Business Advantage provides flexible coverage in one affordable and convenient package for your business. This package is specifically designed for small and medium sized enterprise.

Compulsory Cover

1. Fire & Extra Perils or All Risks
2. Work Injury Compensation
3. Public Liability

Optional Cover

4. Business Interruption
5. Burglary
6. Money
7. Plate Glass
8. Fidelity Guarantee
9. Equipment
10. Electronic Equipment
11. Fire & Extra Perils on Building

Description of Coverage

• Fire & Extra Perils

Insures your physical assets, including buildings and furniture, fixtures & fittings, renovations, plant and machinery, equipment and stock-in-trade in the event of fire. You may extend your coverage to other perils such as Lightning, Riot and Strike, Malicious Damage, and Flood, etc.

• All Risks

Insures your physical assets, including buildings, furniture, fixtures & fittings, tenant’s improvements, decorations, machinery and equipment, trade samples or stock-in-trade, on “All Risks” basis

• Work Injury Compensation

Insures you as an employer under the Work Injury Compensation Act (WICA) and Common Law for bodily injuries to your employees arising out of and in the course of employment

• Public Liability

Insures you against legal liability for third party bodily injury or property damage arising from your business.

• Business Interruption

Indemnifies you on loss of gross profits, gross revenue, wages and/or increased cost of working you may incur if your business is interrupted because of loss, destruction or damage by an insured event

• Burglary

Indemnifies you against loss of property caused by burglary and theft to your insured property (including attempted theft). It also provides you with indemnity for damage to your premises, if you are responsible for making good such damage.

• Money

Reimburses any loss of money, such as:

a) Inside the premises and locked in a safe or strong room during business hours
b) Inside a locked safe or strong room in the premises after business hours
c) In transit anywhere within Singapore

• Plate Glass

Covers accidental breakage of plate glass.

• Fidelity Guarantee

Insures you against the loss of money or other property due to fraud or dishonesty of your employees.

• Equipment

Covers your equipment (other than Electronic Equipment) on “All Risks” basis.

• Electronic Equipment

Covers your electronic equipment, namely computers, systems and data media, on "All Risks" basis including any unforeseen and sudden physical loss or damage.

• Fire & Extra Perils on Building

Covers the loss of or damage to the Building by fire or an insured peril such as Lightning, Riot and Strike, Malicious Damage, and Flood, etc.