Business package insurance
EQ Insurance vs Tokio Marine business package insurance
EQ Insurance and Tokio Marine side by side on the same typical small businesses, renting their premises and without WICA, from their published rates.
Which is cheaper
Of the 14 typical businesses both price on our pages, EQ Insurance was cheaper on 14, Tokio Marine on 0. Your own business can change the order.
Price on each business
| Business | EQ Insurance | Tokio Marine |
|---|---|---|
| Cafe5 staff | S$381.50EQ Business Food & Beverage (Restaurant) | S$545.00TM Dining Suite |
| Restaurant10 staff | S$449.50EQ Business Food & Beverage (Restaurant) | S$618.58TM Dining Suite |
| Fast food outlet8 staff | S$381.50EQ Business Food & Beverage (Restaurant) | S$545.00TM Dining Suite |
| Bakery4 staff | S$339.20EQ Business Food & Beverage (Take-Away) | S$545.00TM Dining Suite |
| Takeaway kitchen3 staff | S$339.20EQ Business Food & Beverage (Take-Away) | S$545.00TM Dining Suite |
| Hawker stall2 staff | S$271.00EQ Business Food & Beverage (Stall) | S$545.00TM Dining Suite |
| Clothing shop3 staff | S$307.80EQ Business Retail | S$493.23TM Retail Suite |
| Florist2 staff | S$239.80EQ Business Retail | S$419.65TM Retail Suite |
| Optical shop3 staff | S$307.80EQ Business Retail | S$493.23TM Retail Suite |
| Hair salon4 staff | S$272.50EQ Business Service | S$327.00TM Service Suite |
| Beauty salon5 staff | S$272.50EQ Business Service | S$327.00TM Service Suite |
| Laundry3 staff | S$272.50EQ Business Service | S$327.00TM Service Suite |
| Photography studio2 staff | S$272.50EQ Business Service | S$327.00TM Service Suite |
| Printing shop3 staff | S$272.50EQ Business Service | S$327.00TM Service Suite |
Both plans for a cafe
| Insurer | A year | Value score | Public liability | Contents and stock | Business interruption |
|---|---|---|---|---|---|
| EQ InsuranceEQ Business Food & Beverage (Restaurant) | S$381.50 | 42 | S$500,000 | S$100,000 | Included |
| Tokio MarineTM Dining Suite | S$545.00 | 17 | S$500,000 | S$100,000 | Included |
Questions people ask
Is EQ Insurance or Tokio Marine cheaper for business package insurance?
Of the 14 typical businesses both price on our pages, EQ Insurance was cheaper on 14, Tokio Marine on 0. Your own business can change the order.
How does EQ Insurance's cover compare with Tokio Marine'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; Tokio Marine TM Dining Suite has S$500,000 and S$100,000, with business interruption.
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.