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Business package insurance

Income vs Great American business package insurance

Income and Great American 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 14 typical businesses both price on our pages, Income was cheaper on 0, Great American on 14. 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.
BusinessIncomeGreat American
Cafe5 staffS$450.00SmartBiz 360 EssentialS$272.50EIP PLUS F&B
Restaurant10 staffS$450.00SmartBiz 360 EssentialS$354.25EIP PLUS F&B
Fast food outlet8 staffS$450.00SmartBiz 360 EssentialS$272.50EIP PLUS F&B
Bakery4 staffS$300.00SmartBiz 360 EssentialS$218.00EIP PLUS Retail
Takeaway kitchen3 staffS$450.00SmartBiz 360 EssentialS$272.50EIP PLUS F&B
Hawker stall2 staffS$450.00SmartBiz 360 EssentialS$272.50EIP PLUS F&B
Caterer6 staffS$450.00SmartBiz 360 EssentialS$272.50EIP PLUS F&B
Clothing shop3 staffS$300.00SmartBiz 360 EssentialS$299.75EIP PLUS Retail
Florist2 staffS$300.00SmartBiz 360 EssentialS$218.00EIP PLUS Retail
Optical shop3 staffS$300.00SmartBiz 360 EssentialS$299.75EIP PLUS Retail
Hair salon4 staffS$350.00SmartBiz 360 EssentialS$272.50EIP PLUS Services
Beauty salon5 staffS$350.00SmartBiz 360 EssentialS$272.50EIP PLUS Services
Gym6 staffS$350.00SmartBiz 360 EssentialS$302.48EIP PLUS Services
Music school4 staffS$320.00SmartBiz 360 EssentialS$272.50EIP PLUS Services

Both plans for a cafe

Income's and Great American's cheapest plans for a cafe with 5 staff: a year, GST included.
InsurerA yearValue scorePublic liabilityContents and stockBusiness interruption
Great AmericanEIP PLUS F&BS$272.5042S$500,000S$100,000Not included
IncomeSmartBiz 360 EssentialBuy NowS$450.0040S$1,000,000S$100,000Included

Questions people ask

Is Income or Great American cheaper for business package insurance?

Of the 14 typical businesses both price on our pages, Income was cheaper on 0, Great American on 14. Your own business can change the order.

How does Income's cover compare with Great American's?

For a cafe with 5 staff: Income SmartBiz 360 Essential has public liability of S$1,000,000 and S$100,000 of contents, with business interruption; Great American EIP PLUS F&B has S$500,000 and S$100,000.

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.