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LAST UPDATED ON 25/07/2018



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Running a business in Singapore is tough. Let’s face it, there a ton of problems to deal with, from rising overheads, trying to grow sales and hiring quality talent to drive your core business.

Here at Easyrates we believe in helping you procure the best business insurance that’s suitable for you so that you can concentrate on growing your business without having to worry about the many other things life can throw at you and your business.

Find a quality business insurance package to suit your corporate needs today with the friendly and well-trained professionals from Easyrates

Have a question ?

Choosing the right type of Business insurance

Given the different needs of businesses of different sizes and industries, there are many different varieties of business insurance that you can use to protect your corporate interests, such as:

Keyman Insurance
Basically a life insurance policy on a key individual within the company, where the business is the beneficiary. In any firm, there are people who are so vital to the day to day operations that without their presence, the business would cease to function. Keyman insurance helps by providing a payoff in the event of the death of this “Keyman” so as to allow the company to find a replacement or repay debts.

Fire Insurance
It is a common misconception that Fire insurance is purchased to protect a business solely against the possibility of fire. Fire Insurance commonly referred to as Fire & Perils insurance protects commercial properties such as Industrial buildings, machinery and stock from a host of different possibilities, including but not limited to lightning, water damage from flooding, earthquakes, aircraft damage, etc.

Product Liability Insurance
Running a business that provides any physical products/ services always runs a risk that you may face legal action from customers who’ve been injured or suffered damages from that product/ service. Product liability insurance helps provide protection against such scenarios.

Professional Indemnity Insurance
A legal requirement for some professions such as Accountants and Lawyers, professional indemnity insurance helps provide protection against financial losses arising from a variety of situations where a professional may be negligent or through some failing has caused damage to a third party who seeks legal redress. Professional indemnity insurance is also increasingly required when tendering for contracts.

Marine Hull/ Cargo Insurance
Marine cargo insurance helps provide protection against the loss or damage of cargo during its shipping. Businesses that use marine cargo insurance are protected from the time they leave the insured’s warehouse until the time the customer receives the goods.

Marine hull insurance, on the other hand, protects a vessel and offers coverage against the damage of the ship.

Theft Insurance
Although crime is low in Singapore, when it does happen, it can be pretty devastating for business. In 2015, there were more than 15,000 incidents of theft, in one case this year, two men were arrested for breaking into a fruit wholesale shop and making off with $500,000 in cash, a theft that would have all but destroyed their business. Insure yourself against losses arising from theft and protect yourself with Theft Insurance.

Staff/ Worker Medical Insurance
Support your staff by providing them with healthcare benefits. Medical insurance protects the employees of your business and allows them to work focused, know that the company is taking care of their health and well-being. Staff medical insurance varies by both cover and benefits, ranging from hospital and surgical benefits to clinic care.

How Much Cover Should I Get?

Deciding on the amount of cover you should get is a delicate balancing act. No two businesses are the same, and so the amount of coverage you need differ from business to business.

There are however some factors that you may want to take into account.

Are you legally required to be covered to a minimum amount? Is the cover you’re getting commensurate to the risk you’re taking?

Why Us ?

At EasyRates, we understand that taking out a car insurance policy can be a confusing and long drawn process.

We want to assist you with taking this step by giving you the knowledge, tools and resources to help you make the right policy choice with the least hassle.

We will provide you with as much (or as little) help as you want – whether this means simply giving you access to a suite of valuable tools to help you make an informed decision, or holding your hand and guiding you through each and every step of the car insurance consideration, shortlisting and selection process.

Why Our Customers are Raving Over EasyRates

One-Stop Hub

We provide more than just home loans, we are a one-stop hub for all complimentary needs, including refinancing, equity loans, commercial property loans, personal and business loans, insurance and investments

Personalised Guidance

Lost? Don’t be. Chat with our consultants, they’ll guide you through the entire home loan selection and application process.

Prompt Response

There’s no waiting around with EasyRates. We promise to reply to your applications and questions within 24 hours.

Best Rates

Get offers for the most competitive home loan rates in Singapore.

Comprehensive Home Loan Comparisons

Find the best, most suitable loans within seconds – from the convenience of your computer or mobile device.

Strong Partnership with Banks

We partner with the top banks in Singapore to offer you the most attractive, comprehensive home loan offers

Frequently Asked Questions (FAQ)

You are legally required to have car insurance when driving a car in Singapore, in particular you need to cover for personal injury to third parties.