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Business package insurance

HL Assurance vs Income business package insurance

HL Assurance 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 12 typical businesses both price on our pages, HL Assurance was cheaper on 12, Income on 0. 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.
BusinessHL AssuranceIncome
Cafe5 staffS$218.00Business Protect360S$450.00SmartBiz 360 Essential
Restaurant10 staffS$299.75Business Protect360S$450.00SmartBiz 360 Essential
Fast food outlet8 staffS$218.00Business Protect360S$450.00SmartBiz 360 Essential
Bakery4 staffS$218.00Business Protect360S$300.00SmartBiz 360 Essential
Caterer6 staffS$218.00Business Protect360S$450.00SmartBiz 360 Essential
Clothing shop3 staffS$299.75Business Protect360S$300.00SmartBiz 360 Essential
Florist2 staffS$218.00Business Protect360S$300.00SmartBiz 360 Essential
Optical shop3 staffS$299.75Business Protect360S$300.00SmartBiz 360 Essential
Computer shop3 staffS$299.75Business Protect360S$300.00SmartBiz 360 Essential
Medical clinic6 staffS$286.13Business Protect360S$330.00SmartBiz 360 Premier
Hair salon4 staffS$218.00Business Protect360S$350.00SmartBiz 360 Essential
Beauty salon5 staffS$218.00Business Protect360S$350.00SmartBiz 360 Essential

Both plans for a cafe

HL Assurance's and Income's cheapest plans for a cafe with 5 staff: a year, GST included.
InsurerA yearValue scorePublic liabilityContents and stockBusiness interruption
HL AssuranceFeaturedBusiness Protect360Buy NowS$218.0067S$500,000S$100,000Included
IncomeSmartBiz 360 EssentialBuy NowS$450.0040S$1,000,000S$100,000Included

Questions people ask

Is HL Assurance or Income cheaper for business package insurance?

Of the 12 typical businesses both price on our pages, HL Assurance was cheaper on 12, Income on 0. Your own business can change the order.

How does HL Assurance's cover compare with Income's?

For a cafe with 5 staff: HL Assurance Business Protect360 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.