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Business package insurance

Etiqa vs Income business package insurance

Etiqa and Income 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 17 typical businesses both price on our pages, Etiqa was cheaper on 11, Income 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.
BusinessEtiqaIncome
Cafe5 staffS$368.99BOSS Standard SuiteS$450.00SmartBiz 360 Essential
Restaurant10 staffS$368.99BOSS Standard SuiteS$450.00SmartBiz 360 Essential
Fast food outlet8 staffS$368.99BOSS Standard SuiteS$450.00SmartBiz 360 Essential
Bakery4 staffS$324.83BOSS Standard SuiteS$300.00SmartBiz 360 Essential
Takeaway kitchen3 staffS$368.99BOSS Standard SuiteS$450.00SmartBiz 360 Essential
Hawker stall2 staffS$212.23BOSS Standard SuiteS$450.00SmartBiz 360 Essential
Caterer6 staffS$368.99BOSS Standard SuiteS$450.00SmartBiz 360 Essential
Clothing shop3 staffS$324.83BOSS Standard SuiteS$300.00SmartBiz 360 Essential
Florist2 staffS$324.83BOSS Standard SuiteS$300.00SmartBiz 360 Essential
Optical shop3 staffS$324.83BOSS Standard SuiteS$300.00SmartBiz 360 Essential
Computer shop3 staffS$324.83BOSS Standard SuiteS$300.00SmartBiz 360 Essential
Medical clinic6 staffS$344.57BOSS Super SuiteS$330.00SmartBiz 360 Premier
Hair salon4 staffS$280.80BOSS Standard SuiteS$350.00SmartBiz 360 Essential
Beauty salon5 staffS$280.80BOSS Standard SuiteS$350.00SmartBiz 360 Essential
Gym6 staffS$280.80BOSS Standard SuiteS$350.00SmartBiz 360 Essential
Tuition centre6 staffS$276.11BOSS Standard SuiteS$320.00SmartBiz 360 Essential
Music school4 staffS$276.11BOSS Standard SuiteS$320.00SmartBiz 360 Essential

Both plans for a cafe

Etiqa's and Income's cheapest plans for a cafe with 5 staff: a year, GST included.
InsurerA yearValue scorePublic liabilityContents and stockBusiness interruption
EtiqaBOSS Standard SuiteBuy NowS$368.9944S$500,000S$100,000Included
IncomeSmartBiz 360 EssentialBuy NowS$450.0040S$1,000,000S$100,000Included

Questions people ask

Is Etiqa or Income cheaper for business package insurance?

Of the 17 typical businesses both price on our pages, Etiqa was cheaper on 11, Income on 6. Your own business can change the order.

How does Etiqa's cover compare with Income's?

For a cafe with 5 staff: Etiqa BOSS Standard Suite has public liability of S$500,000 and S$100,000 of contents, with business interruption; Income SmartBiz 360 Essential has S$1,000,000 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.