Commercial Vehicle |
Important and play a crucial role in daily business operations Comprehensive, Third Party, Fire & Theft, Third Party Only |
Commercial/Business Solution Backup
Commercial Vehicle |
Important and play a crucial role in daily business operations Comprehensive, Third Party, Fire & Theft, Third Party Only |
Commercial Vehicle |
Important and play a crucial role in daily business operations Comprehensive, Third Party, Fire & Theft, Third Party Only |
Commercial Vehicle
Important and play a crucial role in daily business operations Comprehensive, Third Party, Fire & Theft, Third Party Only
SME package Insurance
Various type of package insurance that suit for SMEs. Suitable for various industry such as F&B, retail and etc.
Machinery All Risk
Protects against accidental physical loss of or damage to your equipment and safeguards your productivity. This policy covers for contractor's plant and machinery on the construction site, which renders its service only when moving and under a control of an operator. This includes: Forklifts, Excavators, Mobile cranes, Tractors. Covers unforseen and sudden accidental physical loss or damage from any cause (other than those specifically excluded) to construction plant and machinery whether the insured items are at work or at rest, or being dismantled for the purpose of cleaning or overhauling, or in the course of the aforesaid operations themselves, or in the course of subsequent re-erection, but in any case only after successful commissioning.
Electronic Equipment All Risk
Electronic Equipment Insurance. Safeguard your electronic equipment. Switch on stronger protection.
This is a policy which covers losses due to sudden and unforeseen causes. This includes the following:
Mechanical and electrical breakdown of equipment caused by:
- Mechanical or electrical deficiencies
- Faulty material or design
- Implosion
- Short-circuiting or over voltage
Lightning, inclusive of included travelling waves, magnetic fields or electrostatic inductions which are not covered by a manufacturer’s warranty or a maintenance contract
Electronic equipment affected by unforeseen causes
This comprises of mechanical and electrical breakdowns.
Items affected in the course of being dismantled for cleaning
This includes overhauling or shifting within the premises, in the course of operations or during subsequent re-erection.
Professional Indemnity
Protects against civil liability including professional negligence, breach of contract, misrepresentations, Breach of the Fair Trading Act, defamation, breach of intellectual property rights and dishonesty of directors and employees
Cyber Liability Insurance
Protects business against liabilities arising from data protection laws, management of personal data and the consequences of losing information
Directors & Officers liability
Provide cover to Directors and Officers from claims alleging mismanagement
All risk
Comprehensive cover to protect your property againtst all risks unless specifically excluded it is a convenient way to safeguard your physical and financial assets under a wide cover.
Material Damage Cover.Protect your property, machinery, inventory and everything your business owns, from incidents such as fire, explosion, water damage, natural disasters, malicious damage and burglary.
Accidental Loss or Damage Cover
Does your business own high precision equipment or carry high value items or tradestock? Our insurance plan shields you from losses and damage due to breakage or theft.
Business Interruption Cover
Should your business suffer a downtime due to an insured event such as fire or flood, our insurer will also compensate you for loss of income.
Contractors’ All Risks
Construction projects bring to life cities and infrastructure but are fraught with complexities. Contractors’ All Risks insurance is designed to help developers, principals and contractors to better manage complex indemnity and contractual exposures.
Material Damage & Third Party Liability Cover
Our insurer will covers loss or damage to the contract works, as well as third party liabilities as a result of industrial accidents.
Workmen Injury Compensation
Package your policy with workmen injury compensation to protect your employees from the risks they face on-site.
Erection All Risks
Erection All Risks insurance can protect either the manufacturer, contractor or employer from any mishaps that might occur during the erection, testing and commissioning of machinery, plant and equipment.This policy cover for Material Damage and Liability during erection and maintenance period for your project works comprising mainly of assembly of prefabricated elements or machines manufactured off-site.
Material Damage Cover
Our insurer shield your business against physical loss and damage during the complex installation and assembly of electrical and mechanical parts.
Third Party Liability Cover
The plan protects you from third-party liability if any death, injury or property damage was caused as a result of the engineering works.
Workmen Injury Compensation
Your employees put their lives on the line. You can protect them by bundling your plan with workmen injury compensation.
Marine Cargo
Indemnifies and reimburse for the any loss or damage to their cargo while in transit.
An insurance policy to protect your goods while being transported from one place to another. It indemnifies and reimburses the Insured &/or the Buyer for any loss or damage to their cargo while in transit.
The policy covers the goods while they are being transported over sea, air and land (includes parcel post and by courier service).
We underwrite a variety of cargoes such as:
- General Cargoes loaded in Full Container Load &/or Less Container Load, etc.
- Bulk shipments of liquid like oil and petrol-chemical, break-bulk &/or loose cargoes of coal, iron ore and steel products, etc.
- Insurance coverage can be arranged on either “Single voyage” or “Open cover” basis.
- Scope of risk coverage
Institute Cargo Clauses A (ICC A)
Theft, pilferage and non-delivery
Rough handling
Piracy
Perils covered under ICC B & ICC C
Institute Cargo Clauses B (ICC B)
Washing overboard. Entry of sea, lake or river water into vessel, craft, hold, conveyance, container, lift van or place of storage
Earthquake, volcanic eruption or lightning
Total loss of package lost overboard or dropped whilst loading on to or unloading from vessel or craft
Perils covered under ICC C
Institute Cargo Clauses C (ICC C)
Fire or explosion
Vessel/craft being stranded, grounded, sunk or capsized
Overturning or derailment of land conveyance
Collision or contact of vessel, craft or conveyance with external object other than water
Local delivery by land
Fire or explosion
Overturning or derailment of land conveyance
Collision or contact of conveyance with any external object
Covers against physical loss or damage to the ship itself
Protects business against liabilities arising from data protection laws, management of personal data and the consequences of losing information
Foreign Worker Medical Insurance
Provides Hospital & Surgery coverage for work permit or S-pass employees
Project Insurance
Cover for Material Damage, Third Party Liability and Work Injury Compensation
Bonds & Guarantees
These are guarantees for all commercial undertakings, which can help to free up your funds for any financing need without affecting your credit line at the bank.
Performance Bond
A bond to secure the performance of any contract. A contract refers to any written agreement between the client and the beneficiary for the carrying out of works, the performance of services, or the supply or provision of any goods.
Advance Payment Bond
A bond to secure the repayment of any sum advanced by the beneficiary to the client under or for the purposes of the contract, where such sum is advanced before the carrying out of works, the performance of services, or the supply or provision of any goods pursuant to such contract.
Contract Tender Bond / Bid Bond
A bond in respect of a tender to secure the payment of any loss or damage suffered or incurred by the beneficiary, arising out of the failure of the client to enter into a contract or provide performance, or other bond pursuant to such tender.
Retention Money Bond
A bond to secure the payment of any sum(s) released to the client by the beneficiary before the date for payment or release thereof contained in the contract.
Maintenance Bond
A bond to secure contractual obligations relating to the maintenance of works or goods following the physical completion or the provision thereof, pursuant to a contract.
Qualifying Certificate Bond
A bond required by the Urban Redevelopment Authority (“URA”) for land developers whose shareholding is partly or fully owned by foreign entities in Singapore. The purpose of the bond is to curb land price speculation by these companies.
Customs Bond
A bond required by the Customs and Excise Department. The bond is mainly to ensure importers and exporters do not engage in illegal activities, and that they pay their customs duties promptly.
Foreign Worker Bond
A bond required by the Ministry Of Manpower to ensure that a particular foreign worker remains within the employment of the client during the term of his employment.
Tenancy / Rental Bond
A bond to secure the tenancy/rental deposit often required in renting a place for commercial activities.
Account Payment Bond
A general class of bond issued to any service provider for securing services provided to the client. For instance, a bond issued to PSA allowing the client to utilise PSA’s facilities. This class of bond can be sub-categorised further to specific beneficiary and class of service, such as utility service bond, advertising media bond, IATA freight forwarding bond, and airlines freight forwarding bond.
Utility Service Bond
A sub-category of account payment bond issued to utilities providers (both public or private institutions) for securing utilities services provided to the client.
Advertising Media Bond
A sub-category of account payment bond issued to media service providers (i.e. operators of television, radio or printed media) for securing advertising media services provided to the client.
IATA Freight Forwarding Bond
A sub-category of account payment bond issued to the International Air Transport Association (“IATA”) for freight transportation in and out of Singapore Changi Airport.
Airlines Freight Forwarding Bond
A sub-category of account payment bond issued to airlines for freight transportation in and out of Singapore Changi Airport.
Trade Credit Insurance
Trade Credit Insurance is a credit risk management instrument to protect against non-payment from your buyers. It supports your business by:
Protecting your company against bad debts
Providing cash flow and profit protection as a sale is not a sale until full payment is received
Strengthening your credit control management
Providing an early warning system via insurer’s continuous monitoring and assessment of your buyers’ risks
Helping your company obtain more attractive bank financing and credits from suppliers
Allowing you to offer open credit term instead of letters of credit
Giving you the confidence to sell to new markets and to new buyers
An business insurance that protects a seller against losses from nonpayment of a commercial trade debt
``Peace of mind as you are knowing your receivables are protected. ``
Fire Insurance
It cover any loss or damage of your property like machinery, building or plants due to fire, lighting and explosion
Business Interruption
Material Damage Cover
Serious fires and flash floods can grind business to a halt. Our Insurer’s Business Interruption insurance gives you financial peace of mind to rebuild, repair or replace your damaged property.
Consequential Loss Cover
Ongoing expenses can be the biggest strain when your business operations have to stop. Our plan covers lost income, employees’ wages and rental costs.
It is a policy that complements your Fire Insurance policy. It ensures coverage for:
- Loss of profit
- Rental
- Standing charges
- Wages or salaries on payroll basis
Increase in cost of working due to business interruption as a result of fire and/or other extended perils
Cyber Insurance
Manage the risks while reaping the benefits of the digital economy with our Cyber Liability insurance, a specialised plan to cover cyber threats that are usually not offered in a traditional business policy. Our pre-priced plan affords support for all small businesses.
When you are under cyber attack, a speedy response is critical for recovery of lost data, yet malware can be frustratingly difficult to trace. With our plan, you will also receive 24-hour support of an emergency response team who will begin investigations immediately.
Third Party Cover
Loss or breach of customer or employee information can result in large claims. Our Insurer’s third party cover protects you from claims for compensation, defence costs, fines and penalties from breach of the data protection law.
Remediation Costs
Our Insurer will reimburse you for the costs incurred due to the breach, such as forensic fees, credit monitoring costs, public relations expense and cyber extortion costs.
Business Interruption
Our insurers’ cyber protection goes beyond to provide assurance to your loss of income during business stoppage.
High Cover Limits
Liability
Protects you against your own liabilities as well as legal liabilities of your employees and 3rd parties.
Bailees liability
Insures your legal liability against the loss arising to the Property of others which occurs while the Property is in your care, custody or control as the carrier of the goods.
Errors and omission insurance (MCST)
Insures against the loss arising from wrongful act committed by you in your capacity as a Council Member of the Management Corporation.
Products liability
Insures your legal liability against the loss arising from defective products sold, supplied, repaired or treated by you.
Professional indemnity
Insures your legal liability against the loss arising out of rendering your professional services like Lawyers, Doctors, and Architects.
Public liability
Insures your legal liability against the loss arising out of your business operations.