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Business package insurance

EQ Insurance vs Great American business package insurance

EQ Insurance and Great American side by side on the same typical small businesses, renting their premises and without WICA, from their published rates.

By , Writer · Prices as of 12 Nov 2026, GST included.

Which is cheaper

Of the 15 typical businesses both price on our pages, EQ Insurance was cheaper on 1, Great American on 8, and they tied on 6. Your own business can change the order.

Price on each business

Each insurer's cheapest plan, a year, GST included. Open a business for every insurer's plan and its Apply Now or Buy Now.
BusinessEQ InsuranceGreat American
Cafe5 staffS$381.50EQ Business Food & Beverage (Restaurant)S$272.50EIP PLUS F&B
Restaurant10 staffS$449.50EQ Business Food & Beverage (Restaurant)S$354.25EIP PLUS F&B
Fast food outlet8 staffS$381.50EQ Business Food & Beverage (Restaurant)S$272.50EIP PLUS F&B
Bakery4 staffS$339.20EQ Business Food & Beverage (Take-Away)S$218.00EIP PLUS Retail
Takeaway kitchen3 staffS$339.20EQ Business Food & Beverage (Take-Away)S$272.50EIP PLUS F&B
Hawker stall2 staffS$271.00EQ Business Food & Beverage (Stall)S$272.50EIP PLUS F&B
Clothing shop3 staffS$307.80EQ Business RetailS$299.75EIP PLUS Retail
Florist2 staffS$239.80EQ Business RetailS$218.00EIP PLUS Retail
Optical shop3 staffS$307.80EQ Business RetailS$299.75EIP PLUS Retail
Hair salon4 staffS$272.50EQ Business ServiceS$272.50EIP PLUS Services
Beauty salon5 staffS$272.50EQ Business ServiceS$272.50EIP PLUS Services
Laundry3 staffS$272.50EQ Business ServiceS$272.50EIP PLUS Services
Photography studio2 staffS$272.50EQ Business ServiceS$272.50EIP PLUS Services
Printing shop3 staffS$272.50EQ Business ServiceS$272.50EIP PLUS Services
Music school4 staffS$272.50EQ Business ServiceS$272.50EIP PLUS Services

Both plans for a cafe

EQ Insurance's and Great American's cheapest plans for a cafe with 5 staff: a year, GST included.
InsurerA yearValue scorePublic liabilityContents and stockBusiness interruption
Great AmericanEIP PLUS F&BS$272.5042S$500,000S$100,000Not included
EQ InsuranceEQ Business Food & Beverage (Restaurant)S$381.5042S$500,000S$100,000Included

Questions people ask

Is EQ Insurance or Great American cheaper for business package insurance?

Of the 15 typical businesses both price on our pages, EQ Insurance was cheaper on 1, Great American on 8, and they tied on 6. Your own business can change the order.

How does EQ Insurance's cover compare with Great American's?

For a cafe with 5 staff: EQ Insurance EQ Business Food & Beverage (Restaurant) has public liability of S$500,000 and S$100,000 of contents, with business interruption; Great American EIP PLUS F&B has S$500,000 and S$100,000.

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.