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Business package insurance

Sompo vs EQ Insurance business package insurance

Sompo 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 10 typical businesses both price on our pages, Sompo was cheaper on 2, EQ Insurance on 8. 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.
BusinessSompoEQ Insurance
Cafe5 staffS$389.40Spectra Food and BeverageS$381.50EQ Business Food & Beverage (Restaurant)
Restaurant10 staffS$389.40Spectra Food and BeverageS$449.50EQ Business Food & Beverage (Restaurant)
Fast food outlet8 staffS$389.40Spectra Food and BeverageS$381.50EQ Business Food & Beverage (Restaurant)
Bakery4 staffS$272.77Spectra RetailS$339.20EQ Business Food & Beverage (Take-Away)
Florist2 staffS$272.77Spectra RetailS$239.80EQ Business Retail
Hair salon4 staffS$295.66Spectra ServiceS$272.50EQ Business Service
Beauty salon5 staffS$295.66Spectra ServiceS$272.50EQ Business Service
Laundry3 staffS$295.66Spectra ServiceS$272.50EQ Business Service
Photography studio2 staffS$295.66Spectra ServiceS$272.50EQ Business Service
Printing shop3 staffS$295.66Spectra ServiceS$272.50EQ Business Service

Both plans for a cafe

Sompo'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
SompoSpectra Food and BeverageS$389.4065S$1,000,000S$150,000Included

Questions people ask

Is Sompo or EQ Insurance cheaper for business package insurance?

Of the 10 typical businesses both price on our pages, Sompo was cheaper on 2, EQ Insurance on 8. Your own business can change the order.

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

For a cafe with 5 staff: Sompo Spectra Food and Beverage has public liability of S$1,000,000 and S$150,000 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.