Business package insurance
Does business package insurance cover the building?
Not as standard. The packages insure your contents and stock. 5 insurers sell building cover as an option for a business that owns its premises; 3 do not insure a building in the package at all. Every price on this page is for a business that rents.
The figures
- Insurers compared: 8.
- Insurers that sell it as an optional extra: 5.
- Insurers that do not cover it: 3.
What each insurer says
| Insurer | Covered? | What its details say | A year |
|---|---|---|---|
| HL AssuranceOptional add-onBusiness Protect360, S$218.00Buy Now | Optional add-on | Fire and extraneous perils on a building you own is an optional cover on HL Assurance’s quote, up to S$2,000,000. | S$218.00 |
| EQ InsuranceOptional add-onEQ Business Food & Beverage (Restaurant), S$381.50 | Optional add-on | Fire and extraneous perils on a building you own is optional on EQ’s form, up to S$2,000,000 (not on its Pubs, Bars & Lounge plan). | S$381.50 |
| SompoOptional add-onSpectra Food and Beverage, S$389.40 | Optional add-on | Fire and extraneous perils on a building you own is optional on Sompo’s form, up to S$3,000,000. | S$389.40 |
| MSIGOptional add-onSUMO, S$408.36Buy Now | Optional add-on | A building sum (fire and perils) is an optional cover on MSIG’s quote. | S$408.36 |
| IncomeOptional add-onSmartBiz 360 Essential, S$450.00Buy Now | Optional add-on | Building cover (all risks) is an add-on on Income’s funnel, priced on the sum insured. | S$450.00 |
| Great AmericanNoEIP PLUS F&B, S$272.50 | No | Great American’s form rates no building section: only contents and stock are written in. | S$272.50 |
| EtiqaNoBOSS Standard Suite, S$368.99Buy Now | No | Etiqa’s BOSS suite does not price building cover online. | S$368.99 |
| Tokio MarineNoTM Dining Suite, S$545.00 | No | No Tokio Marine Business Suite insures a building: its forms have no building section. | S$545.00 |
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 the building?
Not as standard. The packages insure your contents and stock. 5 insurers sell building cover as an option for a business that owns its premises; 3 do not insure a building in the package at all. Every price on this page is for a business that rents.
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.