Business package insurance
Best business package insurance in Singapore (November 2026)
We priced 29 typical small businesses at every insurer whose business package rates we hold, and scored each plan on price and cover. We rank only our featured insurers: the ones you can buy from through our Buy Now links, and who pay us commission when you buy. Other insurers are not ranked here.
This month
Among our featured insurers, HL Assurance Business Protect360 has an average value score of 80 out of 100 across the 23 typical businesses it prices on our pages.
The value score (0 to 100) weighs each plan against every plan priced for the same business, as on our business package page: price counts for 50%, and cover for 50% (the public liability limit, the contents sum, whether business interruption is included, and, when building cover or WICA is asked for, whether the plan prices it). Commission does not change a plan's score, but only insurers that pay us commission are ranked.
Best featured plan by business
| Business | Plan | A year | Value score |
|---|---|---|---|
| Cafe5 staff | HL Assurance Business Protect360 | S$218.00 | 67 |
| Restaurant10 staff | HL Assurance Business Protect360 | S$299.75 | 83 |
| Fast food outlet8 staff | HL Assurance Business Protect360 | S$218.00 | 67 |
| Bakery4 staff | HL Assurance Business Protect360 | S$218.00 | 72 |
| Caterer6 staff | HL Assurance Business Protect360 | S$218.00 | 67 |
| Clothing shop3 staff | HL Assurance Business Protect360 | S$299.75 | 83 |
| Minimart5 staff | HL Assurance Business Protect360 | S$381.50 | 83 |
| Florist2 staff | HL Assurance Business Protect360 | S$218.00 | 72 |
| Pharmacy4 staff | HL Assurance Business Protect360 | S$381.50 | 83 |
| Optical shop3 staff | HL Assurance Business Protect360 | S$299.75 | 83 |
| Furniture shop4 staff | HL Assurance Business Protect360 | S$545.00 | 83 |
| Computer shop3 staff | HL Assurance Business Protect360 | S$299.75 | 83 |
| Medical clinic6 staff | HL Assurance Business Protect360 | S$286.13 | 83 |
| Dental clinic8 staff | HL Assurance Business Protect360 | S$354.25 | 83 |
| Hair salon4 staff | HL Assurance Business Protect360 | S$218.00 | 72 |
| Beauty salon5 staff | HL Assurance Business Protect360 | S$218.00 | 67 |
| Laundry3 staff | HL Assurance Business Protect360 | S$218.00 | 72 |
| Photography studio2 staff | HL Assurance Business Protect360 | S$218.00 | 67 |
| Printing shop3 staff | HL Assurance Business Protect360 | S$218.00 | 67 |
| Accounting firm5 staff | HL Assurance Business Protect360 | S$381.50 | 100 |
| IT company10 staff | HL Assurance Business Protect360 | S$490.50 | 100 |
| Office10 staff | HL Assurance Business Protect360 | S$490.50 | 100 |
| Trading company3 staff | HL Assurance Business Protect360 | S$872.00 | 100 |
Our featured plan for a cafe with 5 staff
| Insurer | A year | Value score | Public liability | Contents and stock | Business interruption |
|---|---|---|---|---|---|
| HL AssuranceFeaturedBusiness Protect360Buy Now | S$218.00 | 67 | S$500,000 | S$100,000 | Included |
How these prices are worked out
Each price is worked out from the insurer’s own published rates: the tables swept off Etiqa’s, HL Assurance’s and MSIG’s online quotes, Income’s sampled online prices, and the premium tables on Sompo’s, EQ’s, Tokio Marine’s and Great American’s application forms. We check them against the insurers every week. GST is included. Each business rents its premises (no building cover) unless the page says otherwise; with WICA, wages are taken as S$30,000 a year for each staff member. Allianz quotes its package live, so it is not on these pages. Shenton Brokers is an insurance broker in Singapore. Every business is in a CSV file, updated daily.
Questions people ask
Which business package is the best value?
On our value score, HL Assurance (Business Protect360) ranks first among our featured insurers this month, with an average score of 80 out of 100 across the 23 typical businesses it prices on our pages. We rank only our featured insurers: the ones you can buy from through our Buy Now links, and who pay us commission when you buy. Other insurers are not ranked here.
What is the best-value business package for a cafe?
For a cafe with 5 staff and S$100,000 of contents, our featured insurers' best plan today is HL Assurance Business Protect360 at S$218.00 a year, GST included, with a value score of 67.
How is the value score worked out?
The value score (0 to 100) weighs each plan against every plan priced for the same business, as on our business package page: price counts for 50%, and cover for 50% (the public liability limit, the contents sum, whether business interruption is included, and, when building cover or WICA is asked for, whether the plan prices it). Commission does not change a plan's score, but only insurers that pay us commission are ranked.
How do I buy it?
Buy Now takes you to the insurer’s own site, where you buy with your company’s real details and the insurer issues the policy. Sompo, EQ, Tokio Marine and Great American take an application form instead: Apply Now sends your details to us, and we get the form, help you fill it in and place the cover. Ask Shenton to arrange sends us the plan you picked and we arrange it for you.