Typical business package insurance quotes in Singapore
Cafe with 5 staff: business package insurance with WICA
What a business package costs today for a cafe with 5 staff and S$100,000 of contents and stock, renting its premises, with WICA for all staff (wages of S$150,000 a year). Each price is from the insurer's own published rates, a year, GST included.
In short
On 12 Nov 2026, business package insurance for a cafe with 5 staff and S$100,000 of contents and stock, renting its premises, with WICA for all staff (wages of S$150,000 a year) costs from S$463.25 a year (GST included) at HL Assurance; 7 insurers price it here, up to S$991.90 at Great American.
- Cheapest: S$463.25 a year at HL Assurance (Business Protect360); the middle of 7 insurers is S$528.59.
- The same business without the change costs from S$218.00.
Price your own business on our business package page: it asks what your business does, your staff, your sums and WICA.
Insurer by insurer
| Insurer | A year | Value score | Public liability | Contents and stock | Business interruption |
|---|---|---|---|---|---|
| HL AssuranceFeaturedBusiness Protect360Buy Now | S$463.25 | 75 | S$500,000 | S$100,000 | Included |
| EQ InsuranceEQ Business Food & Beverage (Restaurant) | S$479.00 | 74 | S$500,000 | S$100,000 | Included |
| SompoSpectra Food and Beverage | S$521.55 | 88 | S$1,000,000 | S$150,000 | Included |
| EtiqaBOSS Super SuiteBuy Now | S$528.59 | 69 | S$500,000 | S$100,000 | Included |
| IncomeSmartBiz 360 EssentialBuy Now | S$570.01 | 71 | S$1,000,000 | S$100,000 | Included |
| IncomeSmartBiz 360 PremierBuy Now | S$660.01 | 81 | S$1,500,000 | S$150,000 | Included |
| Tokio MarineTM Dining Suite | S$741.20 | 49 | S$500,000 | S$100,000 | Included |
| Great AmericanEIP PLUS F&B | S$991.90 | 13 | S$500,000 | S$100,000 | Not included |
How each price is worked out:
- HL Assurance Business Protect360: Priced as HL Assurance’s Food and Beverage package.
- EQ Insurance EQ Business Food & Beverage (Restaurant): Priced from EQ’s own application form — you apply to EQ, not buy online
- Sompo Spectra Food and Beverage: Priced from Sompo’s own application form.
- Etiqa BOSS Super Suite: Priced as Etiqa’s Restaurant trade. Everything in Standard Suite, and:
- Income SmartBiz 360 Essential: Priced as Income’s Food and Beverage category, work injury at its office-staff rate.
- Income SmartBiz 360 Premier: Priced as Income’s Food and Beverage category, work injury at its office-staff rate.
- Tokio Marine TM Dining Suite: Priced from Tokio Marine’s own proposal form — you apply to Tokio Marine, not buy online
- Great American EIP PLUS F&B: Priced from Great American’s own proposal form — you apply to Great American, not buy online
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.
What would change the price
| Change | Lowest price | Difference |
|---|---|---|
| Contents of S$200,000Twice the S$100,000 of contents and stock. Cheapest: HL Assurance. | S$626.75 | +S$163.50 |
| Owning the premisesWith building cover of S$500,000; not every package insures a building. Cheapest: HL Assurance. | S$776.63 | +S$313.38 |
| 10 staffInstead of 5. Cheapest: HL Assurance. | S$708.50 | +S$245.25 |
| Just 1 personInstead of 5 staff. Cheapest: HL Assurance. | S$267.05 | −S$196.20 |
Why it costs this
For a cafe with 5 staff and S$100,000 of contents and stock, renting its premises, with WICA for all staff (wages of S$150,000 a year):
- Insurers price a business package first by what the business does. Each sorts a cafe into one of its own trades: HL Assurance, Food and Beverage; EQ Insurance, Food & Beverage (Restaurant); Sompo, Food and Beverage; Etiqa, Restaurant; Income, Food and Beverage; Tokio Marine, Dining Suite; Great American, F&B.
- Most packages include a base sum for contents and stock and charge for more: with twice the contents the lowest price is S$626.75.
- Some insurers also price the headcount: with 10 staff the lowest price is S$708.50.
- With WICA, each insurer prices it its own way: on the wages, per head, or a few staff included in the price. A plan whose WICA does not cover every staff member is not counted as the lowest price.
Price history
For a cafe with 5 staff and S$100,000 of contents and stock, renting its premises, with WICA for all staff (wages of S$150,000 a year): Since 10 Nov 2026 the lowest price is unchanged, and HL Assurance has been cheapest throughout.
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. This page's figures and every business are in CSV files, updated daily.
Every business · Compare business package insurance with your own details.
Questions people ask
How much is business package insurance for a cafe with 5 staff, with WICA?
From about S$463.25 a year at HL Assurance (Business Protect360) on today’s published rates, GST included; up to S$991.90 at Great American. These are for a cafe with 5 staff and S$100,000 of contents and stock, renting its premises, with WICA for all staff (wages of S$150,000 a year).
What does the cheapest plan cover?
HL Assurance Business Protect360: contents and stocks S$100,000; public liability S$500,000; work injury compensation 5 employees; daily cash benefit S$250 a day.
Has the price changed?
Since 10 Nov 2026 the lowest price is unchanged, and HL Assurance has been cheapest throughout.
Which insurers are not priced here?
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.
Why might my own price be different?
What your business does, the sums you insure, whether you own the premises and whether you add WICA all change the price. The insurer may also ask about your claims and the premises before it accepts the cover. These pages fix all of those; our business package page asks for yours.