Business package insurance
Does business package insurance cover employee dishonesty?
Not in the standard price. 4 insurers sell fidelity guarantee, cover for theft or fraud by your own staff, as an optional extra on its form, from S$5,000, and 4 do not mention it in the details we hold. None of the prices on this page include it.
The figures
- Insurers compared: 8.
- Insurers that sell it as an optional extra: 4.
- Insurers whose details we hold do not say: 4.
What each insurer says
| Insurer | Covered? | What its details say | A year |
|---|---|---|---|
| Great AmericanOptional add-onEIP PLUS F&B, S$272.50 | Optional add-on | Optional fidelity guarantee on Great American’s form, not in the price here: fraud or dishonesty by an employee, S$5,000 per employee and S$10,000 a year in all, for 2 to 25 employees. | S$272.50 |
| EQ InsuranceOptional add-onEQ Business Food & Beverage (Restaurant), S$381.50 | Optional add-on | Optional fidelity guarantee on EQ’s form, not in the price here: fraud or dishonesty by employees, up to 20 employees, S$5,000 any one occurrence and in the year, which can be raised to S$20,000. | S$381.50 |
| SompoOptional add-onSpectra Food and Beverage, S$389.40 | Optional add-on | Fidelity guarantee is one of the optional covers on Sompo’s application form, not in the price here. | S$389.40 |
| Tokio MarineOptional add-onTM Dining Suite, S$545.00 | Optional add-on | Optional fidelity guarantee on Tokio Marine’s form (section 7), not in the price here: up to S$5,000 a year in all for money taken by employees, priced per employee (up to 20). | S$545.00 |
| HL AssuranceNot statedBusiness Protect360, S$218.00Buy Now | Not stated | The details we hold for this plan do not mention it. | S$218.00 |
| EtiqaNot statedBOSS Standard Suite, S$368.99Buy Now | Not stated | The details we hold for this plan do not mention it. | S$368.99 |
| MSIGNot statedSUMO, S$408.36Buy Now | Not stated | The details we hold for this plan do not mention it. | S$408.36 |
| IncomeNot statedSmartBiz 360 Essential, S$450.00Buy Now | Not stated | The details we hold for this plan do not mention it. | S$450.00 |
All prices include 9% GST. A dash means no price on this page. Each insurer's policy wording is the final word on what is covered.
Allianz quotes its Smart SME package live from its own site, so it is not priced on this page: see it with your own answers on our business package page, or press Ask Shenton to arrange.
See every insurer's price for your own business, or ask us to arrange the cover.
Compare business package insuranceQuestions people ask
Does business package insurance cover employee dishonesty?
Not in the standard price. 4 insurers sell fidelity guarantee, cover for theft or fraud by your own staff, as an optional extra on its form, from S$5,000, and 4 do not mention it in the details we hold. None of the prices on this page include it.
Where do these answers come from?
From what we hold of each insurer's plans: the benefits in our rate tables and the insurers' own brochures and application forms, for 8 insurers. Where an insurer's details do not say, we say so. The policy wording is the final word on what is covered.
Which plan is cheapest?
Prices depend on your answers: get prices for your own business on our page for this cover.