Business Owners Super Suite
Our business packages ‘BOSS’ (Business Owners Super Suite), are specially tailored to cater to the needs of small to medium size business for various trades.
Etiqa Insurance Business Owners Super Suite – Personal Services is specifically designed for small and medium businesses carrying out Personal Care Services.
| Basic Cover | Standard Suite | Super Suite |
| Basic Sum Insured/Limit | Basic Sum Insured/Limit | |
| 1. All Risks (Excess: $200 for each & every claim except fire, lightning & explosion) On Contents and Stock including: | $100,000 | $100,000 |
| Theft of keys | $1,000 | $1,000 |
| Property whilst at exhibitions anywhere within the Territorial Limits | $2,500 | $2,500 |
| Seasonal stock increase | 25% of stock sum insured | 25% of stock sum insured |
| Internal fixed plate glass | $2,500 | $2,500 |
| External signs | $1,500 | $1,500 |
| Cost of replacement of sanitary ware | $2,500 | $2,500 |
| External blinds | $2,500 | $2,500 |
| External glass | Cost of repair/replacement | Cost of repair/replacement |
| Option to increase Basic Sum Insured up to a maximum of $3,000,000 | ||
| 2. Business Interruption (Time Excess: 24 hours for all claims) including: On Total Interruption to business resulting from loss or damage by perils insured as described under Section 1 – All Risks (up to 100 days) | $200 per day | $200 per day |
| Book Debts | $5,000 | $5,000 |
| Unspecified customers/suppliers | $5,000 | $5,000 |
| Loss of gross profit and increased cost of working following machinery or computer breakdown (applicable only for Super Suite Plan) | Not Applicable | $20,000 |
| Transit | $5,000 | $5,000 |
| Option to increase Basic Daily Benefit up to a maximum of $500 per day | ||
| 3. Money | ||
| a. Money in Transit, in the premises during business hours, and in any bank’s night safe | $5,000 | $5,000 |
| Option to increase Basic Sum Insured up to a maximum of $10,000 | ||
| b. Money in a locked unspecified safe outside business hours | $2,500 | $2,500 |
| Option to increase Basic Sum Insured up to a maximum of $10,000 | ||
| c. Money at the private residence of the Insured or an Employee and at the premises outside of business hours not in a locked safe | $500 | $500 |
| Optional covers available on request include: Money in ATMs | ||
| Extension Malicious Attack Including: | ||
| Death and disablement benefits following malicious attack | $10,000 | $10,000 |
| Weekly disablement benefit following malicious attack | $100 per week up to 104 weeks | $100 per week up to 104 weeks |
| 4. Personal Accident On the life of (up to 2) named proprietor partner(s) / director(s) a. Death/Permanent Disablement Option to increase Basic Sum Insured up to 25 persons up to maximum $300,000 per person Class I Persons engaged in professional, administrative, managerial, clerical and non manual occupation generally Class II Persons engaged in work of a supervisory nature and occasionally engaged in manual work Class III Persons engaged in manual work not of particularly hazardous nature but involving use of tools or machinery | $50,000 each | $50,000 each |
| 5. Public Liability | ||
| Option to increase Basic Limit of Liability up to a maximum of $2,000,000 Option to cover Hair Treatment Limit of Liability up to maximum $25,000 Option to cover Beauty Treatment Limit of Liability up to maximum $25,000 | $500,000 | $500,000 |
| 6. Work Injury Compensation (WIC) | Up to 3 employees | Up to 3 employees |
| Option to increase Basic Total Number of Employees up to a maximum of 25 | ||
| 7. Goods In Transit | $2,500 | $2,500 |
| 8. Non-Production Machinery and Computer Breakdown including: Breakdown of machinery at the premises other than computer equipment | Not Applicable | $10,000 |
| Breakdown of computer equipment at the premises | $10,000 (portable computer equipment up to $3,000) | |
| Additional costs necessary to make temporary repairs and expedite permanent repairs or replacement of damaged propert | $5,000 | |
| Debris removal | $5,000 or 20% of the loss whichever is lower | |
| Repair investigation costs | $5,000 | |
| 9. Product Liability a. Accidental bodily injury to or illness of any person b. Accidental loss of or damage to property happening and arising out of products supplied in or from the Republic of Singapore in the course of the insured’s business | Not Applicable | $50,000 |
| Standard Suite | Super Suite | |
| (i) Basic Cover Annual Premium (with GST) | $310.30 | $372.36 |
| (ii) Basic Cover No WICA Annual Premium (with GST) | $276.06 | $338.12 |
You may top up your coverage in accordance with your specific requirements and/or have your choice of Optional Covers, available as follows:
| 1. Fire and Extraneous Perils on Building | Up to S$2m | |
| 2. Fidelity Guarantee | ||
| Minimum Limit: $5,000 any one occurrence and in the aggregate | $32.10 | |
| Maximum Limit: $10,000 any one occurrence and in the aggregate | $53.50 | |
Special Benefits – Multi-Location Discount
For chain outlets, a perpetual multi-location discount is allowed:
- Second Outlet – 5%
- Third Outlet and Beyond – 10%
Eligibility for Business Owners Package – Personal Services
- Businesses with annual turnover up to S$25,000,000 or Employment size not more than 25 employees
- Nature of business is Personal Services.
- Establishments that render Professional and/or Personal Services in Personal Care such as hair and beauty salons, manicures & pedicures, foot reflexology, fitness centres and gymnasiums or Health care such as medical clinics, traditional Chinese medicine clinics and Chinese Physician clinics (registered with Ministry of Health) or Biz care such as bridal studio, photographic studio, laundry & dry cleaning.
Who do we cover?
Etiqa Insurance Business Owners Super Suite is designed to cover a wide range of Health, Beauty or Spa businesses including:
- Beauty and Hair Salons
- Spas and Foot Reflexology Clinics
- Weight Loss and Slimming Centres
- Manicure and Pedicure Parlours
- Makeover Services
- Clinic & Medical Centre (Contagious and Infectious Disease Extension is not applicable)
- Beauty & Wellness
- Fitness Centre
- Beauty Parlours: No tanning booths
- Funeral Homes or Chapels: No crematoriums
- Nail Salons: No tanning booths
Etiqa Insurance Business Owners Super Suite – Education has all the covers needed to run small and medium sized businesses carrying out Education Centres.
| Basic Cover | Standard Suite | Super Suite |
| Basic Sum Insured/Limit | Basic Sum Insured/Limit | |
| 1. All Risks (Excess: $200 for each & every claim except fire, lightning & explosion) On Contents and Stock including: | $100,000 | $100,000 |
| Theft of keys | $1,000 | $1,000 |
| Property whilst at exhibitions anywhere within the Territorial Limits | $2,500 | $2,500 |
| Seasonal stock increase | 25% of stock sum insured | 25% of stock sum insured |
| Internal fixed plate glass | $2,500 | $2,500 |
| External signs | $1,500 | $1,500 |
| Cost of replacement of sanitary ware | $2,500 | $2,500 |
| External blinds | $2,500 | $2,500 |
| External glass | Cost of repair/replacement | Cost of repair/replacement |
| Option to increase Basic Sum Insured up to a maximum of $3,000,000 | ||
| 2. Business Interruption (Time Excess: 24 hours for all claims) including: On Total Interruption to business resulting from loss or damage by perils insured as described under Section 1 – All Risks (up to 100 days) | $200 per day | $200 per day |
| Book Debts | $5,000 | $5,000 |
| Unspecified customers/suppliers | $5,000 | $5,000 |
| Loss of gross profit and increased cost of working following machinery or computer breakdown (applicable only for Super Suite Plan) | Not Applicable | $20,000 |
| Transit | $5,000 | $5,000 |
| Option to increase Basic Daily Benefit up to a maximum of $500 per day | ||
| 3. Money | ||
| a. Money in Transit, in the premises during business hours, and in any bank’s night safe | $5,000 | $5,000 |
| Option to increase Basic Sum Insured up to a maximum of $10,000 | ||
| b. Money in a locked unspecified safe outside business hours | $2,500 | $2,500 |
| Option to increase Basic Sum Insured up to a maximum of $10,000 | ||
| c. Money at the private residence of the Insured or an Employee and at the premises outside of business hours not in a locked safe | $500 | $500 |
| Optional covers available on request include: Money in ATMs | ||
| Extension Malicious Attack Including: | ||
| Death and disablement benefits following malicious attack | $10,000 | $10,000 |
| Weekly disablement benefit following malicious attack | $100 per week up to 104 weeks | $100 per week up to 104 weeks |
| 4. Personal Accident On the life of (up to 2) named proprietor partner(s) / director(s) a. Death/Permanent Disablement Option to increase Basic Sum Insured up to 25 persons up to maximum $300,000 per person Class I Persons engaged in professional, administrative, managerial, clerical and non manual occupation generally Class II Persons engaged in work of a supervisory nature and occasionally engaged in manual work Class III Persons engaged in manual work not of particularly hazardous nature but involving use of tools or machinery | $50,000 each | $50,000 each |
| 5. Public Liability | $500,000 | $500,000 |
| Food Poisioning | $250,000 | |
| Option to increase Basic Limit of Liability up to a maximum of $5,000,000 | ||
| 6. Work Injury Compensation (WIC) | Up to 3 employees | Up to 3 employees |
| Option to increase Basic Total Number of Employees up to a maximum of 25 | ||
| 7. Goods In Transit | $2,500 | $2,500 |
| 8. Non-Production Machinery and Computer Breakdown including: Breakdown of machinery at the premises other than computer equipment | Not Applicable | $10,000 |
| Breakdown of computer equipment at the premises | $10,000 (portable computer equipment up to $3,000) | |
| Additional costs necessary to make temporary repairs and expedite permanent repairs or replacement of damaged propert | $5,000 | |
| Debris removal | $5,000 or 20% of the loss whichever is lower | |
| Repair investigation costs | $5,000 | |
| 9. Product Liability a. Accidental bodily injury to or illness of any person b. Accidental loss of or damage to property happening and arising out of products supplied in or from the Republic of Singapore in the course of the insured’s business | Not Applicable | $50,000 |
| Standard Suite | Super Suite | |
| (i) Basic Cover Annual Premium (with GST) | $313.51 Learning Centre | $329.56 Learning Centre |
| $313.51 Childcare | $490.06 Childcare | |
| (ii) Basic Cover No WICA Annual Premium (with GST) | $270.71 Learning Centre | $286.76 Learning Centre |
| $270.71 Childcare | $447.26 Childcare | |
You may top-up your coverage in accordance with your specific requirements and/or have your choice of Optional Covers, available as follows:
| 1. Fire and Extraneous Perils on Building | Up to S$2m | |
| 2. Fidelity Guarantee | ||
| Minimum Limit: $5,000 any one occurrence and in the aggregate | $32.10 | |
| Maximum Limit: $10,000 any one occurrence and in the aggregate | $53.50 | |
Special Benefits – Multi-Location Discount
For chain outlets, a perpetual multi-location discount is allowed:
- Second Outlet – 5%
- Third Outlet and Beyond – 10%
Eligibility for Business Owners Package – Education
- Businesses with annual turnover up to S$25,000,000 or Employment size not more than 25 employees
- Nature of business is Education.
- Establishments that render Professional and/or Personal Services in Education Care such as childcare/tuition/language centres.
Who do we cover?
Etiqa Insurance Business Owners Super Suite is designed to cover a wide range of education establishments including:
- Learning Centres
- Childcare Centres
- Tuition Centres
- Commercial Schools
- Children’s Enrichment Classes
- Music, Dance and Ballet Schools
- Art or Fashion Schools
Etiqa Insurance Business Owners Super Suite – Pub & Restaurant is catered specially for small and medium sized businesses carrying out food and beverage operations.
| Basic Cover | Standard Suite | Super Suite |
| Basic Sum Insured/Limit | Basic Sum Insured/Limit | |
| 1. All Risks (Excess: $200 for each & every claim except fire, lightning & explosion) On Contents and Stock including: | $100,000 | $100,000 |
| Theft of keys | $1,000 | $1,000 |
| Property whilst at exhibitions anywhere within the Territorial Limits | $2,500 | $2,500 |
| Seasonal stock increase | 25% of stock sum insured | 25% of stock sum insured |
| Internal fixed plate glass | $2,500 | $2,500 |
| External signs | $1,500 | $1,500 |
| Cost of replacement of sanitary ware | $2,500 | $2,500 |
| External blinds | $2,500 | $2,500 |
| External glass | Cost of repair/replacement | Cost of repair/replacement |
| 2. Business Interruption (Time Excess: 24 hours for all claims) including: On Total Interruption to business resulting from loss or damage by perils insured as described under Section 1 – All Risks (up to 100 days) | $200 per day | $200 per day |
| Book Debts | $5,000 | $5,000 |
| Unspecified customers/suppliers | $5,000 | $5,000 |
| Loss of gross profit and increased cost of working following machinery or computer breakdown (applicable only for Super Suite Plan) | Not Applicable | $20,000 |
| Transit | $5,000 | $5,000 |
| Option to increase Basic Daily Benefit up to a maximum of $500 per day | ||
| 3. Money | ||
| a. Money in Transit, in the premises during business hours, and in any bank’s night safe | $5,000 | $5,000 |
| Option to increase Basic Sum Insured up to a maximum of $10,000 | ||
| b. Money in a locked unspecified safe outside business hours | $2,500 | $2,500 |
| Option to increase Basic Sum Insured up to a maximum of $10,000 | ||
| c. Money at the private residence of the Insured or an Employee and at the premises outside of business hours not in a locked safe | $500 | $500 |
| Optional covers available on request include: Money in ATMs | ||
| Extension Malicious Attack Including: | ||
| Death and disablement benefits following malicious attack | $10,000 | $10,000 |
| Weekly disablement benefit following malicious attack | $100 per week up to 104 weeks | $100 per week up to 104 weeks |
| 4. Personal Accident On the life of (up to 2) named proprietor partner(s) / director(s) a. Death/Permanent Disablement Option to increase Basic Sum Insured up to 25 persons up to maximum $300,000 per person Class I Persons engaged in professional, administrative, managerial, clerical and non manual occupation generally Class II Persons engaged in work of a supervisory nature and occasionally engaged in manual work Class III Persons engaged in manual work not of particularly hazardous nature but involving use of tools or machinery | $50,000 each | $50,000 each |
| 5. Public Liability | $500,000 | $500,000 |
| Food Poisioning | $250,000 | |
| Option to increase Basic Limit of Liability up to a maximum of $5,000,000 | ||
| 6. Work Injury Compensation (WIC) | Up to 3 employees | Up to 3 employees |
| Option to increase Basic Total Number of Employees up to a maximum of 25 | ||
| 7. Goods In Transit | $2,500 | $2,500 |
| 8. Non-Production Machinery and Computer Breakdown including: Breakdown of machinery at the premises other than computer equipment | Not Applicable | $10,000 |
| Breakdown of computer equipment at the premises | $10,000 (portable computer equipment up to $3,000) | |
| Additional costs necessary to make temporary repairs and expedite permanent repairs or replacement of damaged propert | $5,000 | |
| Debris removal | $5,000 or 20% of the loss whichever is lower | |
| Repair investigation costs | $5,000 | |
| 9. Product Liability a. Accidental bodily injury to or illness of any person b. Accidental loss of or damage to property happening and arising out of products supplied in or from the Republic of Singapore in the course of the insured’s business | Not Applicable | $50,000 |
| Standard Suite | Super Suite | |
| (i) Basic Cover Annual Premium (with GST) | $444.05 Restaurant | $518.95 Restaurant |
| $311.37 Foodcourt | $363.80 Foodcourt | |
| $255.73 Stallholder | $298.53 Stallholder | |
| $1,110.66 Pub | $1,297.91 Pub | |
| (ii) Basic Cover No WICA Annual Premium (with GST) | $362.73 Restaurant | $437.63 Restaurant |
| $253.59 Foodcourt | $306.02 Foodcourt | |
| $208.65 Stallholder | $251.45 Stallholder | |
| $905.22 Pub | $1,092.47 Pub | |
You may top-up your coverage in accordance with your specific requirements and/or have your choice of Optional Covers, available as follows:
| 1. Fire and Extraneous Perils on Building | Up to S$2m | |
| 2. Fidelity Guarantee | ||
| Minimum Limit: $5,000 any one occurrence and in the aggregate | $32.10 | |
| Maximum Limit: $10,000 any one occurrence and in the aggregate | $53.50 | |
Special Benefits – Multi-Location Discount
For chain outlets, a perpetual multi-location discount is allowed:
- Second Outlet – 5%
- Third Outlet and Beyond – 10%
Eligibility for Business Owners Package – Pub & Restaurant
- Businesses with annual turnover up to S$25,000,000 or Employment size not more than 25 employees
- Nature of business is Pub & Restaurant
- Restaurants – Establishments that sell foodstuff (including beverages) for consumption at the premises providing dedicated and exclusive dining-in facilities. These would include cafes, coffee houses and bistros
- Foodcourt – Establishments that sells foodstuff (including beverages) for consumption at the premises with dining-in facilities which are group together and located in large shopping centres and whole shop lots. These would also include stallholders in the food court, hawker centres and canteens.
- Pub – Establishments that is licensed to sell alcoholic drinks, which traditionally include beer, ale and similar drinks. It is often a place to drink but may serve food like meals and snacks.
Classes of pubs that are eligible are classified as follows:
- Standard – Wet led with limited food provision, no entertainment with URA’s approved pub licences
- Non Standard – Wet and food led, various entertainments to include karaoke, singers, bands DJ, any form of dancing with URA’s approved
pub licences - Decline risks – Wet, food and entertainment led with heavy entertainment and late licences with door staff and door charges. Heavy
entertainment would include discos/bands with dancing facilities on a regular (weekly) basis with opening hours usually past 1am.
Who do we cover?
Etiqa Insurance Business Owners Super Suite is designed to cover a wide range of F&B establishments, including:
- Restaurants and cafés
- Food courts and food court stalls
- Pubs
- Dining places and takeaway shops
- Stallholders
- Coffee shops, ice cream shops and bubble tea operations
- Catering services and canteen operations
- Pubs and public houses
- Gastro pubs and ‘wet and dry’ pubs
- Wine bars
- Pubs and bars with late licences/entertainment
Etiqa Insurance Business Owners Super Suite – Light Industries is specially designed for small and medium sized businesses carrying manufacturing and assembly of goods and / or storage of goods in a light industrial building designated for such operations.
| Basic Cover | Standard Suite | Super Suite |
| Basic Sum Insured/Limit | Basic Sum Insured/Limit | |
| 1. All Risks (Excess: $200 for each & every claim except fire, lightning & explosion) On Contents and Stock including: | $100,000 | $100,000 |
| Theft of keys | $1,000 | $1,000 |
| Property whilst at exhibitions anywhere within the Territorial Limits | $2,500 | $2,500 |
| Seasonal stock increase | 25% of stock sum insured | 25% of stock sum insured |
| Internal fixed plate glass | $2,500 | $2,500 |
| External signs | $1,500 | $1,500 |
| Cost of replacement of sanitary ware | $2,500 | $2,500 |
| External blinds | $2,500 | $2,500 |
| External glass | Cost of repair/replacement | Cost of repair/replacement |
| Option to increase Basic Sum Insured up to a maximum of $3,000,000 | ||
| 2. Business Interruption (Time Excess: 24 hours for all claims) including: On Total Interruption to business resulting from loss or damage by perils insured as described under Section 1 – All Risks (up to 100 days) | $200 per day | $200 per day |
| Book Debts | $5,000 | $5,000 |
| Unspecified customers/suppliers | $5,000 | $5,000 |
| Loss of gross profit and increased cost of working following machinery or computer breakdown (applicable only for Super Suite Plan) | Not Applicable | $20,000 |
| Transit | $5,000 | $5,000 |
| Option to increase Basic Daily Benefit up to a maximum of $500 per day | ||
| 3. Money | ||
| a. Money in Transit, in the premises during business hours, and in any bank’s night safe | $5,000 | $5,000 |
| Option to increase Basic Sum Insured up to a maximum of $10,000 | ||
| b. Money in a locked unspecified safe outside business hours | $2,500 | $2,500 |
| Option to increase Basic Sum Insured up to a maximum of $10,000 | ||
| c. Money at the private residence of the Insured or an Employee and at the premises outside of business hours not in a locked safe | $500 | $500 |
| Optional covers available on request include: Money in ATMs | ||
| Extension Malicious Attack Including: | ||
| Death and disablement benefits following malicious attack | $10,000 | $10,000 |
| Weekly disablement benefit following malicious attack | $100 per week up to 104 weeks | $100 per week up to 104 weeks |
| 4. Personal Accident On the life of (up to 2) named proprietor partner(s) / director(s) a. Death/Permanent Disablement Option to increase Basic Sum Insured up to 25 persons up to maximum $300,000 per person Class I Persons engaged in professional, administrative, managerial, clerical and non manual occupation generally Class II Persons engaged in work of a supervisory nature and occasionally engaged in manual work Class III Persons engaged in manual work not of particularly hazardous nature but involving use of tools or machinery | $50,000 each | $50,000 each |
| 5. Public Liability | $500,000 | $500,000 |
| Food Poisioning | $100,000 | |
| Option to increase Basic Limit of Liability up to a maximum of $5,000,000 | ||
| 6. Work Injury Compensation (WIC) | Up to 3 employees | Up to 3 employees |
| Option to increase Basic Total Number of Employees up to a maximum of 25 | ||
| Management/ Admin/ Accountant | ||
| Outdoor Sales/ Supervisor/ Retail Staff/ Cashier/ Teacher | ||
| Service & Kitchen/ Engineer & Technician/ Cleaner/ General Staff | ||
| Driver/ Delivery/ Dispatch | ||
| 7. Goods In Transit | $2,500 | $2,500 |
| 8. Non-Production Machinery and Computer Breakdown including: Breakdown of machinery at the premises other than computer equipment | Not Applicable | $10,000 |
| Breakdown of computer equipment at the premises | $10,000 (portable computer equipment up to $3,000) | |
| Additional costs necessary to make temporary repairs and expedite permanent repairs or replacement of damaged propert | $5,000 | |
| Debris removal | $5,000 or 20% of the loss whichever is lower | |
| Repair investigation costs | $5,000 | |
| 9. Product Liability a. Accidental bodily injury to or illness of any person b. Accidental loss of or damage to property happening and arising out of products supplied in or from the Republic of Singapore in the course of the insured’s business | Not Applicable | $50,000 |
| Standard Suite | Super Suite | |
| (i) Basic Cover Annual Premium (with GST) | $936.25 Light Industries | $1,064.65 Light Industries |
| $983.33 Wholesale | $1,133.13 Wholesale | |
| (ii) Basic Cover No WICA Annual Premium (with GST) | $531.79 Light Industries | $660.19 Light Industries |
| $558.54 Wholesale | $708.34 Wholesale | |
You may top-up your coverage in accordance with your specific requirements and/or have your choice of Optional Covers, available as follows:
| 1. Fire and Extraneous Perils on Building | Up to S$2m | |
| 2. Fidelity Guarantee | ||
| Minimum Limit: $5,000 any one occurrence and in the aggregate | $37.45 | |
| Maximum Limit: $10,000 any one occurrence and in the aggregate | $58.85 | |
Special Benefits – Multi-Location Discount
For chain outlets, a perpetual multi-location discount is allowed:
- Second Outlet – 5%
- Third Outlet and Beyond – 10%
Eligibility for Business Owners Package – Light Industries
- Businesses with annual turnover up to S$25,000,000 or Employment size not more than 25 employees
- Nature of business is Light Industries.
- Establishments that produces small consumer-oriented products light industries includes the manufacturing of foods, beverages, personal care and home care products, cosmetics, drugs, clothes & shoes, furniture, consumer electronics and home appliances.
- Establishments that sells goods in large amounts to other businesses other than individual customers acting as Wholesalers with storage of own stocks in their premises
Who do we cover?
Etiqa Insurance Business Owners Super Suite is designed to cover a wide range of Light Industry businesses, including:
- Wholesalers and Distributors
- Packaging
- Pharmacies
- Electronics
- Cosmetics
- Fashion and Textiles
- Printing
- Security Firms (Unarmed Guards only)
- Landscaping
- Facility Management
Etiqa Insurance Business Owners Super Suite – Office has all the covers needed to run small and medium sized businesses carrying out office operations.
| Basic Cover | Standard Suite | Super Suite |
| Basic Sum Insured/Limit | Basic Sum Insured/Limit | |
| 1. All Risks (Excess: $200 for each & every claim except fire, lightning & explosion) On Contents and Stock including: | $100,000 | $100,000 |
| Theft of keys | $1,000 | $1,000 |
| Property whilst at exhibitions anywhere within the Territorial Limits | $2,500 | $2,500 |
| Internal fixed plate glass | $2,500 | $2,500 |
| External signs | $1,500 | $1,500 |
| Cost of replacement of sanitary ware | $2,500 | $2,500 |
| External blinds | $2,500 | $2,500 |
| External glass | Cost of repair/replacement | Cost of repair/replacement |
| Option to increase Basic Sum Insured up to a maximum of $3,000,000 | ||
| 2. Business Interruption (Time Excess: 24 hours for all claims) including: On Total Interruption to business resulting from loss or damage by perils insured as described under Section 1 – All Risks (up to 100 days) | $200 per day | $200 per day |
| Book Debts | $5,000 | $5,000 |
| Unspecified customers/suppliers | $5,000 | $5,000 |
| Loss of gross profit and increased cost of working following machinery or computer breakdown (applicable only for Super Suite Plan) | Not Applicable | $20,000 |
| Transit | $5,000 | $5,000 |
| Option to increase Basic Daily Benefit up to a maximum of $500 per day | ||
| 3. Money | ||
| a. Money in Transit, in the premises during business hours, and in any bank’s night safe | $5,000 | $5,000 |
| Option to increase Basic Sum Insured up to a maximum of $10,000 | ||
| b. Money in a locked unspecified safe outside business hours | $2,500 | $2,500 |
| Option to increase Basic Sum Insured up to a maximum of $10,000 | ||
| c. Money at the private residence of the Insured or an Employee and at the premises outside of business hours not in a locked safe | $500 | $500 |
| Optional covers available on request include: Money in ATMs | ||
| Extension Malicious Attack Including: | ||
| Death and disablement benefits following malicious attack | $10,000 | $10,000 |
| Weekly disablement benefit following malicious attack | $100 per week up to 104 weeks | $100 per week up to 104 weeks |
| 4. Personal Accident On the life of (up to 2) named proprietor partner(s) / director(s) a. Death/Permanent Disablement Option to increase Basic Sum Insured up to 25 persons up to maximum $300,000 per person Class I Persons engaged in professional, administrative, managerial, clerical and non manual occupation generally Class II Persons engaged in work of a supervisory nature and occasionally engaged in manual work Class III Persons engaged in manual work not of particularly hazardous nature but involving use of tools or machinery | $50,000 each | $50,000 each |
| 5. Public Liability | $500,000 | $500,000 |
| Food Poisioning | $100,000 | |
| Option to increase Basic Limit of Liability up to a maximum of $5,000,000 | ||
| 6. Work Injury Compensation (WIC) | Up to 3 employees | Up to 3 employees |
| Option to increase Basic Total Number of Employees up to a maximum of 25 | ||
| 7. Goods In Transit | $2,500 | $2,500 |
| 8. Non-Production Machinery and Computer Breakdown including: Breakdown of machinery at the premises other than computer equipment | Not Applicable | $10,000 |
| Breakdown of computer equipment at the premises | $10,000 (portable computer equipment up to $3,000) | |
| Additional costs necessary to make temporary repairs and expedite permanent repairs or replacement of damaged propert | $5,000 | |
| Debris removal | $5,000 or 20% of the loss whichever is lower | |
| Repair investigation costs | $5,000 | |
| 9. Product Liability a. Accidental bodily injury to or illness of any person b. Accidental loss of or damage to property happening and arising out of products supplied in or from the Republic of Singapore in the course of the insured’s business | Not Applicable | $50,000 |
| Standard Suite | Super Suite | |
| (i) Basic Cover Annual Premium (with GST) | $240.75 | $283.55 |
| (ii) Basic Cover No WICA Annual Premium (with GST) | $184.04 | $226.84 |
You may top-up your coverage in accordance with your specific requirements and/or have your choice of Optional Covers, available as follows:
| 1. Fire and Extraneous Perils on Building | Up to S$2m | |
| 2. Fidelity Guarantee | ||
| Minimum Limit: $5,000 any one occurrence and in the aggregate | $29.43 | |
| Maximum Limit: $10,000 any one occurrence and in the aggregate | $48.15 | |
Special Benefits – Multi-Location Discount
For chain outlets, a perpetual multi-location discount is allowed:
- Second Outlet – 5%
- Third Outlet and Beyond – 10%
Eligibility for Business Owners Package -Office
- Businesses with annual turnover up to S$25,000,000 or Employment size not more than 25 employees
- Nature of business is Office.
- Establishments that conduct their business in and from offices.
Who do we cover?
Etiqa Insurance Business Owners Super Suite is designed to cover a wide range of office-based businesses including:
- Management and Recruitment Consultants Safety Consultants
- Accountants and IT Consultants
- Software Designers
- Architects and Engineers
- Estate and Lettings Agencies
- Financial Advisers
- Insurance Brokers and Agents
- Health and Safety Consultants
- Marketing and Event Agencies
Etiqa Insurance Business Owners Super Suite – Retail is specifically designed for small and medium businesses carrying out retailer operations.
| Basic Cover | Standard Suite | Super Suite |
| Basic Sum Insured/Limit | Basic Sum Insured/Limit | |
| 1. All Risks (Excess: $200 for each & every claim except fire, lightning & explosion) On Contents and Stock including: | $100,000 | $100,000 |
| Theft of keys | $1,000 | $1,000 |
| Property whilst at exhibitions anywhere within the Territorial Limits | $2,500 | $2,500 |
| Seasonal stock increase | 25% of stock sum insured | 25% of stock sum insured |
| Internal fixed plate glass | $2,500 | $2,500 |
| External signs | $1,500 | $1,500 |
| Cost of replacement of sanitary ware | $2,500 | $2,500 |
| External blinds | $2,500 | $2,500 |
| External glass | Cost of repair/replacement | Cost of repair/replacement |
| Option to increase Basic Sum Insured up to a maximum of $3,000,000 | ||
| 2. Business Interruption (Time Excess: 24 hours for all claims) including: On Total Interruption to business resulting from loss or damage by perils insured as described under Section 1 – All Risks (up to 100 days) | $200 per day | $200 per day |
| Book Debts | $5,000 | $5,000 |
| Unspecified customers/suppliers | $5,000 | $5,000 |
| Loss of gross profit and increased cost of working following machinery or computer breakdown (applicable only for Super Suite Plan) | Not Applicable | $20,000 |
| Transit | $5,000 | $5,000 |
| Option to increase Basic Daily Benefit up to a maximum of $500 per day | ||
| 3. Money | ||
| a. Money in Transit, in the premises during business hours, and in any bank’s night safe | $5,000 | $5,000 |
| Option to increase Basic Sum Insured up to a maximum of $10,000 | ||
| b. Money in a locked unspecified safe outside business hours | $2,500 | $2,500 |
| Option to increase Basic Sum Insured up to a maximum of $10,000 | ||
| c. Money at the private residence of the Insured or an Employee and at the premises outside of business hours not in a locked safe | $500 | $500 |
| Optional covers available on request include: Money in ATMs | ||
| Extension Malicious Attack Including: | ||
| Death and disablement benefits following malicious attack | $10,000 | $10,000 |
| Weekly disablement benefit following malicious attack | $100 per week up to 104 weeks | $100 per week up to 104 weeks |
| 4. Personal Accident On the life of (up to 2) named proprietor partner(s) / director(s) a. Death/Permanent Disablement Option to increase Basic Sum Insured up to 25 persons up to maximum $300,000 per person Class I Persons engaged in professional, administrative, managerial, clerical and non manual occupation generally Class II Persons engaged in work of a supervisory nature and occasionally engaged in manual work Class III Persons engaged in manual work not of particularly hazardous nature but involving use of tools or machinery | $50,000 each | $50,000 each |
| 5. Public Liability | $500,000 | $500,000 |
| Food Poisioning | $100,000 | |
| Option to increase Basic Limit of Liability up to a maximum of $5,000,000 | ||
| 6. Work Injury Compensation (WIC) | Up to 3 employees | Up to 3 employees |
| Option to increase Basic Total Number of Employees up to a maximum of 25 | ||
| 7. Goods In Transit | $2,500 | $2,500 |
| 8. Non-Production Machinery and Computer Breakdown including: Breakdown of machinery at the premises other than computer equipment | Not Applicable | $10,000 |
| Breakdown of computer equipment at the premises | $10,000 (portable computer equipment up to $3,000) | |
| Additional costs necessary to make temporary repairs and expedite permanent repairs or replacement of damaged propert | $5,000 | |
| Debris removal | $5,000 or 20% of the loss whichever is lower | |
| Repair investigation costs | $5,000 | |
| 9. Product Liability a. Accidental bodily injury to or illness of any person b. Accidental loss of or damage to property happening and arising out of products supplied in or from the Republic of Singapore in the course of the insured’s business | Not Applicable | $50,000 |
| Standard Suite | Super Suite | |
| (i) Basic Cover Annual Premium (with GST) | $379.85 | $492.20 |
| (ii) Basic Cover No WICA Annual Premium (with GST) | $318.86 | $431.21 |
You may top-up your coverage in accordance with your specific requirements and/or have your choice of Optional Covers, available as follows:
| 1. Fire and Extraneous Perils on Building | Up to S$2m | |
| 2. Fidelity Guarantee | ||
| Minimum Limit: $5,000 any one occurrence and in the aggregate | $32.10 | |
| Maximum Limit: $10,000 any one occurrence and in the aggregate | $53.50 | |
Special Benefits – Multi-Location Discount
For chain outlets, a perpetual multi-location discount is allowed:
- Second Outlet – 5%
- Third Outlet and Beyond – 10%
Eligibility for Business Owners Package -Retail
- Businesses with annual turnover up to S$25,000,000 or Employment size not more than 25 employees
- Nature of business is Retail.
- Establishments that sell consumer merchandise such as clothing, books & stationery, gifts & souvenirs, drugs & medical products.
Who do we cover?
Etiqa Insurance Business Owners Super Suite is designed to cover a wide range of retail businesses, including:
- Supermarkets
- Pharmacies
- Electronics
- Cosmetics
- Fashion and Textiles
- Bridal Studio
- Toys and Games
- Apparel & Gadgets
Important Notes
These policies are underwritten by Etiqa Insurance Pte. Ltd. This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract. This policies are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the GIA or SDIC web-sites (www.gia.org.sg or www.sdic.org.sg). This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is accurate as at 20 July 2019
Please contact us for a non-obligatory consultation.