Typical business package insurance quotes in Singapore
Music school with 4 staff: business package insurance with WICA
What a business package costs today for a music, dance, art or drama school with 4 staff and S$75,000 of contents and stock, renting its premises, with WICA for all staff (wages of S$120,000 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 music, dance, art or drama school with 4 staff and S$75,000 of contents and stock, renting its premises, with WICA for all staff (wages of S$120,000 a year) costs from S$319.26 a year (GST included) at Etiqa; 4 insurers price it here, up to S$416.01 at Income.
- Cheapest: S$319.26 a year at Etiqa (BOSS Standard Suite); the middle of 4 insurers is S$349.79.
- The same business without the change costs from S$272.50.
- 4 insurers do not write this business on their published rates.
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 |
|---|---|---|---|---|---|
| EtiqaBOSS Standard SuiteBuy Now | S$319.26 | 79 | S$500,000 | S$100,000 | Included |
| EtiqaBOSS Super SuiteBuy Now | S$335.61 | 75 | S$500,000 | S$100,000 | Included |
| Great AmericanEIP PLUS Services | S$349.07 | 55 | S$500,000 | S$75,000 | Not included |
| EQ InsuranceEQ Business Service | S$350.50 | 71 | S$500,000 | S$100,000 | Included |
| IncomeSmartBiz 360 EssentialBuy Now | S$416.01 | 61 | S$1,000,000 | S$100,000 | Included |
| IncomeSmartBiz 360 PremierBuy Now | S$516.01 | 50 | S$1,500,000 | S$150,000 | Included |
How each price is worked out:
- Etiqa BOSS Standard Suite: Priced as Etiqa’s Learning Centre trade
- Etiqa BOSS Super Suite: Priced as Etiqa’s Learning Centre trade. Everything in Standard Suite, and:
- Great American EIP PLUS Services: Priced from Great American’s own proposal form — you apply to Great American, not buy online
- EQ Insurance EQ Business Service: Priced from EQ’s own application form — you apply to EQ, not buy online
- Income SmartBiz 360 Essential: Priced as Income’s Education category, work injury at its office-staff rate.
- Income SmartBiz 360 Premier: Priced as Income’s Education category, work injury at its office-staff rate.
Not priced here: HL Assurance (its online funnel does not clearly write this trade); MSIG (its SUMO funnel does not write this trade online); Sompo (its Spectra plans do not write this trade); Tokio Marine (its Business Suites do not write this trade).
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 |
|---|---|---|
| Owning the premisesWith building cover of S$500,000; not every package insures a building. Cheapest: EQ Insurance. | S$625.50 | +S$306.24 |
| Just 1 personInstead of 4 staff. Cheapest: Great American. | S$272.50 | −S$46.76 |
Why it costs this
For a music, dance, art or drama school with 4 staff and S$75,000 of contents and stock, renting its premises, with WICA for all staff (wages of S$120,000 a year):
- Insurers price a business package first by what the business does. Each sorts a music, dance, art or drama school into one of its own trades: Etiqa, Learning Centre; Great American, Services; EQ Insurance, Service; Income, Education.
- Contents up to twice this sum do not change the lowest price: the cheapest plan already includes that much.
- The number of staff does not move the lowest price here: most packages price the premises and the trade, not the headcount, unless WICA is added.
- 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.
- 4 insurers do not write this business on their published rates: HL Assurance (its online funnel does not clearly write this trade); MSIG (its SUMO funnel does not write this trade online); Sompo (its Spectra plans do not write this trade); Tokio Marine (its Business Suites do not write this trade).
Price history
For a music, dance, art or drama school with 4 staff and S$75,000 of contents and stock, renting its premises, with WICA for all staff (wages of S$120,000 a year): Since 10 Nov 2026 the lowest price is unchanged, and Etiqa 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 music, dance, art or drama school with 4 staff, with WICA?
From about S$319.26 a year at Etiqa (BOSS Standard Suite) on today’s published rates, GST included; up to S$416.01 at Income. These are for a music, dance, art or drama school with 4 staff and S$75,000 of contents and stock, renting its premises, with WICA for all staff (wages of S$120,000 a year).
What does the cheapest plan cover?
Etiqa BOSS Standard Suite: contents and stocks S$100,000; public liability S$500,000; business interruption S$200 a day; work injury compensation up to 3 employees.
Has the price changed?
Since 10 Nov 2026 the lowest price is unchanged, and Etiqa has been cheapest throughout.
Which insurers are not priced here?
HL Assurance, MSIG, Sompo and Tokio Marine do not write this business on 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.
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.