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Business package insurance

MSIG vs EQ Insurance business package insurance

MSIG and EQ Insurance 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 13 typical businesses both price on our pages, MSIG was cheaper on 1, EQ Insurance on 12. 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.
BusinessMSIGEQ Insurance
Cafe5 staffS$408.36SUMOS$381.50EQ Business Food & Beverage (Restaurant)
Restaurant10 staffS$490.11SUMOS$449.50EQ Business Food & Beverage (Restaurant)
Fast food outlet8 staffS$408.36SUMOS$381.50EQ Business Food & Beverage (Restaurant)
Bakery4 staffS$333.06SUMOS$339.20EQ Business Food & Beverage (Take-Away)
Takeaway kitchen3 staffS$408.36SUMOS$339.20EQ Business Food & Beverage (Take-Away)
Clothing shop3 staffS$398.46SUMOS$307.80EQ Business Retail
Florist2 staffS$333.06SUMOS$239.80EQ Business Retail
Optical shop3 staffS$398.46SUMOS$307.80EQ Business Retail
Hair salon4 staffS$333.06SUMOS$272.50EQ Business Service
Beauty salon5 staffS$333.06SUMOS$272.50EQ Business Service
Laundry3 staffS$333.06SUMOS$272.50EQ Business Service
Photography studio2 staffS$333.06SUMOS$272.50EQ Business Service
Printing shop3 staffS$333.06SUMOS$272.50EQ Business Service

Both plans for a cafe

MSIG's and EQ Insurance's cheapest plans for a cafe with 5 staff: a year, GST included.
InsurerA yearValue scorePublic liabilityContents and stockBusiness interruption
EQ InsuranceEQ Business Food & Beverage (Restaurant)S$381.5042S$500,000S$100,000Included
MSIGSUMOBuy NowS$408.3646S$1,000,000S$100,000Included

Questions people ask

Is MSIG or EQ Insurance cheaper for business package insurance?

Of the 13 typical businesses both price on our pages, MSIG was cheaper on 1, EQ Insurance on 12. Your own business can change the order.

How does MSIG's cover compare with EQ Insurance's?

For a cafe with 5 staff: MSIG SUMO has public liability of S$1,000,000 and S$100,000 of contents, with business interruption; EQ Insurance EQ Business Food & Beverage (Restaurant) has S$500,000 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.