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Business Insurance Checklist

Essential coverage every Singapore business needs

Running a business comes with risks. This comprehensive checklist helps you identify the insurance coverage you need to protect your business, employees, and assets. Use this guide to review your current coverage and identify any gaps.

Essential Coverage for All Businesses

Work Injury Compensation (WIC)

Mandatory

Mandatory for all employees. Covers medical expenses, permanent incapacity, and death benefits for work-related injuries.

Public Liability Insurance

Protects against claims from third parties for bodily injury or property damage occurring at your premises or due to your operations.

Professional Indemnity Insurance

Essential for service providers. Covers claims arising from professional negligence, errors, or omissions.

Property / Fire Insurance

Protects your business premises, equipment, inventory, and contents against fire, theft, and natural disasters.

Business Interruption Insurance

Covers loss of income and ongoing expenses if your business is disrupted due to an insured event.

Industry-Specific Coverage

Construction & Engineering

  • Contractor All Risks (CAR)
  • Erection All Risks (EAR)
  • Performance Bonds
  • Machinery Breakdown
  • Third Party Liability

Logistics & Transport

  • Commercial Vehicle Insurance
  • Goods in Transit
  • Marine Cargo Insurance
  • Warehouse Coverage
  • Fleet Insurance

Retail & F&B

  • Shop Insurance Package
  • Product Liability
  • Food Contamination
  • Cash in Premises
  • Plate Glass Coverage

Professional Services

  • Professional Indemnity
  • Directors & Officers Liability
  • Cyber Liability
  • Employment Practices Liability
  • Fidelity Guarantee

Employee Benefits Checklist

Group Hospitalization & Surgical
Outpatient Medical Benefits
Group Term Life Insurance
Group Personal Accident
Dental Coverage
Maternity Benefits
Mental Health Coverage
Annual Health Screening

Quick Assessment Questions

Do you have employees? → Work Injury Compensation is mandatory
Do customers or public visit your premises? → Consider Public Liability
Do you provide professional advice or services? → Consider Professional Indemnity
Do you own or lease business premises? → Consider Property/Fire Insurance
Do you have company vehicles? → Motor Insurance is mandatory
Do you handle customer data? → Consider Cyber Liability
Are you involved in construction/projects? → Consider CAR/Surety Bonds

Not Sure What Coverage You Need?

Let our experts conduct a free risk assessment for your business.