Business package insurance explained
Typical business package insurance quotes in Singapore
What a business package costs today for 29 typical small businesses. Each business rents its premises and has no WICA unless its page says so. Open a business for every insurer's price, and the price with WICA or more contents.
In short
On 12 Nov 2026, business package insurance for a small business in Singapore costs from about S$212.23 a year to S$872.00 for the businesses here, GST included. The price depends first on what the business does; WICA and more contents add to it.
Food and drink
| Business | As it is | With WICA | Twice the contents |
|---|---|---|---|
| Cafe5 staff, S$100,000 of contents | S$218.00HL Assurance | S$463.25 | S$381.50 |
| Restaurant10 staff, S$150,000 of contents | S$299.75HL Assurance | S$790.25 | S$545.00 |
| Fast food outlet8 staff, S$100,000 of contents | S$218.00HL Assurance | S$610.40 | S$381.50 |
| Bakery4 staff, S$75,000 of contents | S$218.00HL Assurance | S$348.80 | S$299.75 |
| Takeaway kitchen3 staff, S$75,000 of contents | S$272.50Great American | S$397.70 | S$354.25 |
| Hawker stall2 staff, S$75,000 of contents | S$212.23Etiqa | S$260.10 | S$212.23 |
| Caterer6 staff, S$100,000 of contents | S$218.00HL Assurance | S$512.30 | S$381.50 |
| Pub or bar6 staff, S$150,000 of contents | S$632.20EQ Insurance | S$828.40 | S$922.63 |
Shops
| Business | As it is | With WICA | Twice the contents |
|---|---|---|---|
| Clothing shop3 staff, S$150,000 of contents | S$299.75HL Assurance | S$397.85 | S$545.00 |
| Minimart5 staff, S$200,000 of contents | S$381.50HL Assurance | S$545.00 | S$708.50 |
| Florist2 staff, S$75,000 of contents | S$218.00HL Assurance | S$283.40 | S$299.75 |
| Pharmacy4 staff, S$200,000 of contents | S$381.50HL Assurance | S$512.30 | S$708.50 |
| Optical shop3 staff, S$150,000 of contents | S$299.75HL Assurance | S$397.85 | S$545.00 |
| Furniture shop4 staff, S$300,000 of contents | S$545.00HL Assurance | S$675.80 | S$1,035.50 |
| Computer shop3 staff, S$150,000 of contents | S$299.75HL Assurance | S$397.85 | S$545.00 |
Clinics, salons and gyms
| Business | As it is | With WICA | Twice the contents |
|---|---|---|---|
| Medical clinic6 staff, S$150,000 of contents | S$286.13HL Assurance | S$416.93 | S$490.50 |
| Dental clinic8 staff, S$200,000 of contents | S$354.25HL Assurance | S$528.65 | S$626.75 |
| Hair salon4 staff, S$75,000 of contents | S$218.00HL Assurance | S$348.80 | S$299.75 |
| Beauty salon5 staff, S$100,000 of contents | S$218.00HL Assurance | S$381.50 | S$381.50 |
| Gym6 staff, S$150,000 of contents | S$280.80Etiqa | S$316.08 | S$280.80 |
Services
| Business | As it is | With WICA | Twice the contents |
|---|---|---|---|
| Laundry3 staff, S$75,000 of contents | S$218.00HL Assurance | S$316.10 | S$299.75 |
| Photography studio2 staff, S$100,000 of contents | S$218.00HL Assurance | S$283.40 | S$381.50 |
| Printing shop3 staff, S$100,000 of contents | S$218.00HL Assurance | S$316.10 | S$381.50 |
Tuition and schools
| Business | As it is | With WICA | Twice the contents |
|---|---|---|---|
| Tuition centre6 staff, S$75,000 of contents | S$276.11Etiqa | S$319.26 | S$276.11 |
| Music school4 staff, S$75,000 of contents | S$272.50EQ Insurance | S$319.26 | S$276.11 |
Offices and trading
| Business | As it is | With WICA | Twice the contents |
|---|---|---|---|
| Accounting firm5 staff, S$75,000 of contents | S$381.50HL Assurance | S$381.50 | S$436.00 |
| IT company10 staff, S$100,000 of contents | S$490.50HL Assurance | S$490.50 | S$599.50 |
| Office10 staff, S$75,000 of contents | S$490.50HL Assurance | S$490.50 | S$545.00 |
| Trading company3 staff, S$100,000 of contents | S$872.00HL Assurance | S$970.10 | S$1,035.50 |
Every business, with WICA and with more contents, is in one CSV file, updated daily. Allianz quotes its Smart SME package live from its own site, so it is not priced on this page: see it with your own answers on our business package page, or press Ask Shenton to arrange. Compare business package insurance with your own details.
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
How much is business package insurance in Singapore?
For the 29 small businesses on this page, renting their premises and without WICA, the lowest price today runs from S$212.23 a year (a hawker or food court stall with 2 staff, Etiqa) to S$872.00 (a general trading company with 3 staff), GST included.
How much is business insurance for a cafe?
For a cafe with 5 staff and S$100,000 of contents and stock, from S$218.00 a year at HL Assurance on today's published rates, GST included, across 8 insurers.
How much does WICA add?
Adding work injury compensation for all staff (wages of S30,000 a year each) adds S$0.00 to S$490.50 to the lowest price of the businesses here, depending on the business and its headcount.
What does a business package cover?
It puts the covers a small business needs into one policy with one renewal date: usually fire and extended perils on your contents, public liability, burglary, money, glass and business interruption. What each plan includes is on each business's page.
Which insurers are priced here?
Etiqa, HL Assurance, Income, MSIG, Sompo, EQ Insurance, Tokio Marine and Great American, from their published rates. Allianz quotes its Smart SME package live from its own site, so it is not priced on this page: see it with your own answers on our business package page, or press Ask Shenton to arrange.
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.