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Business package insurance

Etiqa vs Sompo business package insurance

Etiqa and Sompo 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 12 typical businesses both price on our pages, Etiqa was cheaper on 9, Sompo on 3. 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.
BusinessEtiqaSompo
Cafe5 staffS$368.99BOSS Standard SuiteS$389.40Spectra Food and Beverage
Restaurant10 staffS$368.99BOSS Standard SuiteS$389.40Spectra Food and Beverage
Fast food outlet8 staffS$368.99BOSS Standard SuiteS$389.40Spectra Food and Beverage
Bakery4 staffS$324.83BOSS Standard SuiteS$272.77Spectra Retail
Caterer6 staffS$368.99BOSS Standard SuiteS$389.40Spectra Food and Beverage
Florist2 staffS$324.83BOSS Standard SuiteS$272.77Spectra Retail
Medical clinic6 staffS$344.57BOSS Super SuiteS$295.66Spectra Service
Hair salon4 staffS$280.80BOSS Standard SuiteS$295.66Spectra Service
Beauty salon5 staffS$280.80BOSS Standard SuiteS$295.66Spectra Service
Gym6 staffS$280.80BOSS Standard SuiteS$295.66Spectra Service
Laundry3 staffS$280.80BOSS Standard SuiteS$295.66Spectra Service
Photography studio2 staffS$280.80BOSS Standard SuiteS$295.66Spectra Service

Both plans for a cafe

Etiqa's and Sompo'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
SompoSpectra Food and BeverageS$389.4065S$1,000,000S$150,000Included

Questions people ask

Is Etiqa or Sompo cheaper for business package insurance?

Of the 12 typical businesses both price on our pages, Etiqa was cheaper on 9, Sompo on 3. Your own business can change the order.

How does Etiqa's cover compare with Sompo'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; Sompo Spectra Food and Beverage has S$1,000,000 and S$150,000, 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.