General/Commercial Insurance
Commercial insurance to protect your business, assets, employees and prevent business interruptions
Business insurance is essential for safeguarding the financial health and longevity of a company. It provides protection against a variety of risks, including accidents, legal liabilities, property damage, and business interruptions. In Singapore, where businesses face unique challenges such as regulatory requirements and market fluctuations, having the right insurance coverage is crucial. Business insurance not only helps mitigate unexpected costs but also enhances credibility with clients and partners, demonstrating a commitment to responsible risk management. By ensuring that businesses can recover swiftly from setbacks, insurance allows owners to focus on growth and operational efficiency without the constant worry of potential financial losses.
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Typical types of commercial insurance
Workmen's Compensation - covers you against the liability of employer under the Work Injury Compensation Act as well as protecting as employer against any legal liability arising from claims by your employees at Common Law
Commercial business insurance - Protects the business from public liability, consequential loss, business interruptions, fire & theft, fidelity cover from theft by employee and more.
Foreign Worker Medical Insurance - As an employer, you must buy and maintain MI with coverage for inpatient care and day surgery, including hospital bills for conditions that may not be work-related.
Travel Insurance - essential coverage for medical emergencies, trip cancellations, lost luggage, and personal liability, ensuring that travelers are financially protected in case of unforeseen circumstances such as flight cancellations, which can cover medical expenses and reimburse non-refundable costs, alleviating financial stress. Additionally, it offers peace of mind, allowing travelers to focus on enjoying their trips without the constant worry of potential mishaps.
Motor/Automobile - provides financial protection against damages, theft, and liability arising from accidents, ensuring that drivers can manage risks and comply with legal requirements.
Personal Accident - is important because it provides financial protection against unexpected accidents, covering medical expenses, loss of income, and compensation for disabilities or death, ensuring that individuals and their families can maintain their standard of living during difficult times.
Home Insurance - protects homeowners from financial loss due to damages, theft, or liability claims, ensuring that their property and belongings are safeguarded against unexpected events.
Specialised general insurance
Professional Indemnity - essential financial protection for professionals against claims of negligence or errors in their services, ensuring that they can manage legal costs and compensation without jeopardizing their business.
Director's and officers - it protects the personal assets of company leaders from legal claims arising from their decisions and actions, allowing them to make informed choices without the fear of personal financial loss.
Warranties and Indemnities - Warranty and Indemnity Insurance is important because it protects buyers and sellers in M&A transactions from financial losses due to breaches of warranties or indemnities, facilitating smoother negotiations and providing peace of mind regarding undisclosed risks.
Marine Cargo - provides essential financial protection against loss or damage to goods during transit, ensuring that businesses can recover from unforeseen risks such as theft, accidents, or natural disasters, thereby facilitating smooth international trade.
Inland Cargo - is important because it provides essential protection for goods transported over land, safeguarding against risks such as theft, damage, and accidents during transit, thereby ensuring that businesses can recover financially from unforeseen losses.
Events - shields event organizers from financial losses due to unforeseen circumstances such as cancellations, accidents, or liability claims, ensuring that they can manage risks and focus on delivering successful events without the stress of potential financial setbacks.
Renovation - offers financial protection against risks such as property damage, theft, and liability issues that may arise during home improvement projects, ensuring that homeowners can manage unforeseen incidents without incurring significant losses.
