https://www.etiqa.com.sg/business-insurance/primeshield-packages

Etiqa's PrimeShield Packages are specially tailored to cater to the needs of small to medium size (SME) business for various trades.

PrimeShield Packages

Our PrimeShield Packages are specially tailored to cater to the needs of small to medium size business for various trades.

  • Food and Beverage

    PrimeShield Food & Beverage is catered specially for small and medium sized businesses carrying out food and beverage operations either for outlets with (i) 10 or less or (ii) 30 or less seating capacity.

    Basic Cover
    Section Interest Basic Sum Insured/Limit
    All Risks (Excess: 1% of loss minimum S$200 each & every claim except fire, lightning & explosion) On Contents including furniture, fixtures & fittings, plate glass and stock in trade. S$100,000
    (option to increase up to S$1m)
    Business Interruption
    (Time Excess: 24 hours all claims)
    On Total Interruption to business resulting from loss or damage by perils insured as described under Section 1 – All Risks (up to 100 days) S$200 per day
    (option to increase up to S$300 per day)
    Money (a) In Transit S$5,000 (option to increase up to S$10,000)
    (b) In Premises
    (Sub-limit: S$1,000 in locked drawers / cabinets / cash registers after business hours)
    S$3,000
    (option to increase up to S$10,000)
    (c) In proprietor’s / partner’s /
    director’s residence kept in locked drawers/safes after business hours
    S$500
    Personal Accident On the life of (up to 2) named proprietor / partner(s) / director(s)
    (a) Death/Permanent Disablement
    S$50,000 each
    (b) Medical Expenses S$500 each
    (option to increase to S$100,000 per person for Death/Permanent Disablement)
    Public Liability Your business operation S$500,000 any one accident
    Unlimited any one period
    (option to increase up to S$2m)
    Workmen Injury Compensation Up to 4 employees As per WIC Act
    (option to increase up to 15 employees)
    Goods In Transit On physical loss of and/ or
    damage to property
    S$2,000
    Basic Cover Annual Premium (excluding GST) S$335 (outlets with 10 or less seating capacity)Basic Cover Annual Premium (excluding GST) S$445 (outlets with 30 or less seating capacity)

    You may top-up your coverage in accordance with your specific requirements and/or have your choice of Optional Covers, available as follows:

    Optional Covers
    Fire and Extraneous Perils On Building Up to S$2m
    Fidelity Guarantee Up to 15 employees Minimum Limit: S$5,000*
    Maximum Limit: S$10,000*
    * any one occurrence and in the aggregate


    Special Benefits – Renewal Loyalty and Chain Discounts

    Subject to no claims on each renewal, the following loyalty discount is allowed:

    • First Renewal – 10%
    • Second and Subsequent Renewals – 20%

    Subject to no claims on each renewal, the following loyalty discount is allowed:

    • Second Outlet – 5%
    • Third Outlet and Beyond – 10%

    PrimeShield Food and Beverage Brochure
    PrimeShield Business Policy Wording


    Excluded Businesses/Trades and/or Activities

    Premises occupied for the manufacturing, assembly, trading or storage of:

    • Bars & Discotheques
    • Coffee shops/food courts
    • Floating Restaurant
    • Hawker & Market stalls, pushcarts & mobile kiosks of any type
    • Nightclubs, karaoke lounges & pubs
    • Pure catering services

     


    Excluded Risks/Premises

    • Risk not situated in Singapore
    • Premises not of Class One construction
    • Risk with property kept in open or without perimeter fence and/or security
    • Risk involving motorcycling delivery services
    • Premises occupied as hospitals, clinics and laboratories (Contagious and Infectious Disease Extension is not applicable)

     


    Major General Exclusions applicable to all Sections

    • Asbestos or any actual or alleged asbestos related injury or damage
    • Consequential loss of any kind or description including penalties or loss of contract
    • Ionising radiations or contamination by radioactivity
    • Nuclear weapons material
    • Terrorism except as provided under Section 1 – All Risks
    • War and kindred risks

     

    Light Industries

    PrimeShield Light Industry 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
    Section Interest Basic Sum Insured/Limit
    All Risks (Excess: 1% of loss minimum S$500 each & every claim except fire, lightning & explosion) On Contents including furniture, fixtures & fittings, plate glass and stock in trade. S$100,000
    (option to increase up to S$1m)
    Business Interruption
    (Time Excess: 24 hours all claims)
    On Total Interruption to business resulting from loss or damage by perils insured as described under Section 1 – All Risks (up to 100 days) S$200 per day
    (option to increase up to S$300 per day)
    Money (a) In Transit S$5,000 (option to increase up to S$10,000)
    (b) In Premises
    (Sub-limit: S$1,000 in locked drawers/cabinets/cash registers after business hours)
    S$3,000
    (option to increase up to S$10,000)
    (c) In proprietor’s/partner’s/
    director’s residence kept in locked drawers/safes after business hours
    S$500
    Personal Accident On the life of (up to 2) named proprietor/partner(s)/ director(s) S$50,000 each
    (a) Death/Permanent Disablement
    (b) Medical Expenses
    Public Liability Your business operation S$500,000 any one accident
    Unlimited any one period
    (option to increase up to S$2m)
    Workmen Injury Compensation Up to 4 employees As per WIC Act
    (option to increase up to 15 employees)
    Goods In Transit On physical loss of and/ or
    damage to property
    S$2,000
    Basic Cover Annual Premium (excluding GST) S$950

    You may top-up your coverage in accordance with your specific requirements and/or have your choice of Optional Covers, available as follows:

    Optional Covers
    Fire and Extraneous Perils On Building Up to S$2m
    Fidelity Guarantee Up to 15 employees Minimum Limit: S$5,000*
    Maximum Limit: S$10,000*
    * any one occurrence and in the aggregate


    Special Benefits – Renewal Loyalty and Chain Discounts

    Subject to no claims on each renewal, the following loyalty discount is allowed:

    • First Renewal – 10%
    • Second and Subsequent Renewals – 20%

    PrimeShield Light Industries Brochure
    PrimeShield Business Policy Wording


    Excluded Businesses/Trades and/or Activities
    Premises occupied for the manufacturing, assembly, trading or storage of:

    • Alcohol, wine & spirits, tobacco retailers
    • Art galleries, Antiques, works of art, curios & furs, stamps & coins
    • Batteries & tyres, paint & varnish, scrap metal & other junk goods, paper, paper board boxes, timber & wood products including woodworking, rattan or related activities
    • Blasting, smelting or other operations involving hazardous activities
    • Contractors or any trade (including demolition of structures, piling works, scaffolding, painting and the like)
    • Glass
    • Integrated circuit chips, computer components, telecommunication & photographic equipment
    • Jewellery, gems, precious stones/metals, watches
    • Joss sticks, joss papers & candles, charcoal, fireworks & other explosive goods
    • Logistics, transportation & freight forwarders
    • Metal stamping
    • Motor repair workshops & showrooms
    • Oil, kerosene, petroleum, LPG & other flammable liquid & gases, chemicals (flammable, toxic or explosive)
    • Plastic, rubber, foams and mattress & beddings, fabric, garments & textiles
    • Sharks’ fin/ bird’s nest/ abalone/ chinese herbs
    • Spray painting, plastic moulding, use of furnace or kiln
    • Work on board vessels, offshore works, ship building and/ or ship repairing activities

     


    Excluded Risks/Premises

    • Risk not situated in Singapore
    • Premises not of Class One construction
    • Risk with property kept in open or without perimeter fence and/or security
    • Multi-tenanted premises
    • Premises occupied as hospitals, clinics and laboratories (Contagious and Infectious Disease Extension is not applicable)

     


    Major General Exclusions applicable to all Sections

    • Asbestos or any actual or alleged asbestos related injury or damage
    • Consequential loss of any kind or description including penalties or loss of contract
    • Ionising radiations or contamination by radioactivity
    • Nuclear weapons material
    • Terrorism except as provided under Section 1 – All Risks
    • War and kindred risks

     

    Office

    PrimeShield Office has all the covers needed to run small and medium sized businesses carrying out office operations.

    Basic Cover
    Section Interest Basic Sum Insured/Limit
    All Risks (S$200 each & every claim except fire, lightning & explosion) On Contents including furniture, fixtures & fittings, plate glass and stock in trade. S$100,000
    (option to increase up to S$1m)
    Business Interruption
    (Time Excess: 24 hours all claims)
    On Total Interruption to business resulting from loss or damage by perils insured as described under Section 1 – All Risks (up to 100 days) S$200 per day
    (option to increase up to S$300 per day)
    Money (a) In Transit S$5,000 (option to increase up to S$10,000)
    (b) In Premises
    (Sub-limit: S$1,000 in locked drawers/cabinets/cash registers after business hours)
    S$3,000
    (option to increase up to S$10,000)
    (c) In proprietor’s/partner’s/
    director’s residence kept in locked drawers/safes after business hours
    S$500
    Personal Accident On the life of (up to 2) named proprietor/partner(s)/ director(s)
    (a) Death/Permanent Disablement S$50,000 each
    (b) Medical Expenses S$500 each
    (option to increase to S$100,000 per person for Death/Permanent Disablement)
    Public Liability Your business operation S$500,000 any one accident
    Unlimited any one period
    (option to increase up to S$2m)
    Workmen Injury Compensation Up to 4 employees As per WIC Act
    (option to increase up to 20 employees)
    Basic Cover Annual Premium (excluding GST) S$280

    You may top-up your coverage in accordance with your specific requirements and/or have your choice of Optional Covers, available as follows:

    Optional Covers
    Fire and Extraneous Perils On Building Up to S$2m
    Fidelity Guarantee Up to 15 employees Minimum Limit: S$5,000*
    Maximum Limit: S$10,000*
    * any one occurrence and in the aggregate


    Special Benefits – Renewal Loyalty and Chain Discounts

    Subject to no claims on each renewal, the following loyalty discount is allowed:

    • First Renewal – 10%
    • Second and Subsequent Renewals – 20%

    PrimeShield Office Brochure
    PrimeShield Business Policy Wording


    Excluded Businesses/Trades and/or Activities
    Premises occupied for the manufacturing, assembly, trading or storage of:

    • Container office
    • Contractors
    • Courier/delivery services
    • Detective/Investigation agencies
    • Events and exhibitions organisers
    • Financial Institutions
    • Moneychangers/Remittance offices
    • Motor Traders
    • Office cum store and/or manufacturing operations
    • Security services
    • Surveyors/adjusters firms
    • Transportation companies

    Excluded Risks/Premises

    • Risk not situated in Singapore
    • Premises not of Class One construction
    • Risk with property kept in open or without perimeter fence and/or security
    • Risk involving work offsite
    • Work on board vessels
    • Premises occupied as hospitals, clinics and laboratories (Contagious and Infectious Disease Extension is not applicable)

     


    Major General Exclusions applicable to all Sections

    • Asbestos or any actual or alleged asbestos related injury or damage
    • Consequential loss of any kind or description including penalties or loss of contract
    • Ionising radiations or contamination by radioactivity
    • Nuclear weapons material
    • Terrorism except as provided under Section 1 – All Risks
    • War and kindred risks

     

    Retail

    PrimeShield Retailer is specifically designed for small and medium businesses carrying out retailer operations.

    Basic Cover
    Section Interest Basic Sum Insured/Limit
    All Risks (S$200 each & every claim except fire, lightning & explosion) On Contents including furniture, fixtures & fittings, plate glass and stock in trade. S$100,000
    (option to increase up to S$1m)
    Business Interruption
    (Time Excess: 24 hours all claims)
    On Total Interruption to business resulting from loss or damage by perils insured as described under Section 1 – All Risks (up to 100 days) S$200 per day
    (option to increase up to S$300 per day)
    Money (a) In Transit S$5,000 (option to increase up to S$10,000)
    (b) In Premises
    (Sub-limit: S$1,000 in locked drawers/cabinets/cash registers after business hours)
    S$3,000
    (option to increase up to S$10,000)
    (c) In proprietor’s/partner’s/
    director’s residence kept in locked drawers/safes after business hours
    S$500
    Personal Accident On the life of (up to 2) named proprietor/partner(s)/ director(s)
    (a) Death/Permanent Disablement S$50,000 each
    (b) Medical Expenses S$500 each
    (option to increase to S$100,000 per person for Death/Permanent Disablement)
    Public Liability Your business operation S$500,000 any one accident
    Unlimited any one period
    (option to increase up to S$2m)
    Workmen Injury Compensation Up to 4 employees As per WIC Act
    (option to increase up to 20 employees)
    Goods In Transit On physical loss of and/ or
    damage to property
    S$2,000
    Basic Cover Annual Premium (excluding GST) S$315

    You may top-up your coverage in accordance with your specific requirements and/or have your choice of Optional Covers, available as follows:

    Optional Covers
    Fire and Extraneous Perils On Building Up to S$2m
    Fidelity Guarantee Up to 20
    employees
    Minimum Limit: S$5,000*
    Maximum Limit: S$10,000*
    * any one occurrence and in the aggregate

    Special Benefits – Renewal Loyalty and Chain Discounts
    Subject to no claims on each renewal, the following loyalty discount is allowed:

    • First Renewal – 10%
    • Second and Subsequent Renewals – 20%

    Subject to no claims on each renewal, the following loyalty discount is allowed:

    • Second Outlet – 5%
    • Third Outlet and Beyond – 10%

    PrimeShield Retail Brochure
    PrimeShield Business Policy Wording


    Excluded Businesses/Trades and/or Activities
    Premises occupied for the manufacturing, assembly, trading or storage of:

    • Alcohol, wine & spirits, tobacco retailers
    • Art galleries, antiques, works of art, curios & furs, stamps & coins
    • Auto spare parts trading/battery & tyres dealers
    • Betting outlets
    • Building & construction materials/storage and sale of combustible goods
    • Chinese medical halls with acupunture, bonesetting etc practices
    • Computer components including integrated circuit chips
    • Glassware, chinaware, crystal, porcelain
    • Goldsmiths/Jewellers/Gems, silver, precious stones or metal retailers
    • Industrial hardware, paint and varnish retailers
    • Joss sticks, joss papers, candles, charcoal
    • Livestocks & pet shops, nurseries & landscaping
    • LPG and other flammable gas or liquid
    • Market stalls & shops/pushcarts/kiosks of all types
    • Monet changers/lenders/remittance offices
    • Pawnshops
    • Petrol stations, motor showrooms/workshops
    • Scrap metal, junk goods and second hand goods dealers
    • Sharksfin/bird’s nest/abalone retailers
    • Telecommunication equipment retailers
    • Watches, cameras retailers

     


    Excluded Risks/Premises

    • Risk not situated in Singapore
    • Premises not of Class One construction
    • Risk with property kept in open or without perimeter fence and/or security
    • Risk involving manual work outside of Insured’s premises except for the purpose of delivery of goods only
    • Premises occupied as hospitals, clinics and laboratories (Contagious and Infectious Disease Extension is not applicable)

     


    Major General Exclusions applicable to all Sections

    • Asbestos or any actual or alleged asbestos related injury or damage
    • Consequential loss of any kind or description including penalties or loss of contract
    • Ionising radiations or contamination by radioactivity
    • Nuclear weapons material
    • Terrorism except as provided under Section 1 – All Risks
    • War and kindred risks

     

    These products are covered under PPF Scheme.

    Please contact us for a non-obligation consultation should you have more specific needs.