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.