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Business package insurance

MSIG vs Sompo business package insurance

MSIG 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 11 typical businesses both price on our pages, MSIG was cheaper on 0, Sompo on 11. 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.
BusinessMSIGSompo
Cafe5 staffS$408.36SUMOS$389.40Spectra Food and Beverage
Restaurant10 staffS$490.11SUMOS$389.40Spectra Food and Beverage
Fast food outlet8 staffS$408.36SUMOS$389.40Spectra Food and Beverage
Bakery4 staffS$333.06SUMOS$272.77Spectra Retail
Caterer6 staffS$408.36SUMOS$389.40Spectra Food and Beverage
Florist2 staffS$333.06SUMOS$272.77Spectra Retail
Hair salon4 staffS$333.06SUMOS$295.66Spectra Service
Beauty salon5 staffS$333.06SUMOS$295.66Spectra Service
Laundry3 staffS$333.06SUMOS$295.66Spectra Service
Photography studio2 staffS$333.06SUMOS$295.66Spectra Service
Printing shop3 staffS$333.06SUMOS$295.66Spectra Service

Both plans for a cafe

MSIG's and Sompo's cheapest plans for a cafe with 5 staff: a year, GST included.
InsurerA yearValue scorePublic liabilityContents and stockBusiness interruption
SompoSpectra Food and BeverageS$389.4065S$1,000,000S$150,000Included
MSIGSUMOBuy NowS$408.3646S$1,000,000S$100,000Included

Questions people ask

Is MSIG or Sompo cheaper for business package insurance?

Of the 11 typical businesses both price on our pages, MSIG was cheaper on 0, Sompo on 11. Your own business can change the order.

How does MSIG's cover compare with Sompo'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; 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.