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Business package insurance

HL Assurance vs MSIG business package insurance

HL Assurance and MSIG 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, HL Assurance was cheaper on 17, MSIG 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 AssuranceMSIG
Cafe5 staffS$218.00Business Protect360S$408.36SUMO
Restaurant10 staffS$299.75Business Protect360S$490.11SUMO
Fast food outlet8 staffS$218.00Business Protect360S$408.36SUMO
Bakery4 staffS$218.00Business Protect360S$333.06SUMO
Caterer6 staffS$218.00Business Protect360S$408.36SUMO
Clothing shop3 staffS$299.75Business Protect360S$398.46SUMO
Minimart5 staffS$381.50Business Protect360S$463.86SUMO
Florist2 staffS$218.00Business Protect360S$333.06SUMO
Pharmacy4 staffS$381.50Business Protect360S$463.86SUMO
Optical shop3 staffS$299.75Business Protect360S$398.46SUMO
Furniture shop4 staffS$545.00Business Protect360S$594.66SUMO
Computer shop3 staffS$299.75Business Protect360S$398.46SUMO
Hair salon4 staffS$218.00Business Protect360S$333.06SUMO
Beauty salon5 staffS$218.00Business Protect360S$333.06SUMO
Laundry3 staffS$218.00Business Protect360S$333.06SUMO
Photography studio2 staffS$218.00Business Protect360S$333.06SUMO
Printing shop3 staffS$218.00Business Protect360S$333.06SUMO

Both plans for a cafe

HL Assurance's and MSIG'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
MSIGSUMOBuy NowS$408.3646S$1,000,000S$100,000Included

Questions people ask

Is HL Assurance or MSIG cheaper for business package insurance?

Of the 17 typical businesses both price on our pages, HL Assurance was cheaper on 17, MSIG on 0. Your own business can change the order.

How does HL Assurance's cover compare with MSIG'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; MSIG SUMO 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.