Business package insurance
Does business package insurance cover your stock?
Yes. All 8 insurers we price cover contents and stock together under one sum. Insure them for what they would cost to replace. Most insurers charge more for a higher sum, and some cap how much of the sum may be stock.
The figures
- Insurers compared: 8.
- Insurers whose plans include it: 8.
- Cheapest plan from an insurer that covers it, for a cafe with 5 staff and S$100,000 of contents and stock, renting its premises: HL Assurance Business Protect360, S$218.00 a year.
What each insurer says
| Insurer | Covered? | What its details say | A year |
|---|---|---|---|
| HL AssuranceYesBusiness Protect360, S$218.00Buy Now | Yes | Business Protect360: contents and stocks S$100,000 | S$218.00 |
| Great AmericanYesEIP PLUS F&B, S$272.50 | Yes | EIP PLUS F&B: contents and stocks S$100,000Great American’s form caps stock at 0% of the All Risks sum for Office, 50% for Retail and F&B, and 25% for Services. All Risks claims carry a S$250 excess. | S$272.50 |
| EtiqaYesBOSS Standard Suite, S$368.99Buy Now | Yes | BOSS Standard Suite: contents and stocks S$100,000 | S$368.99 |
| EQ InsuranceYesEQ Business Food & Beverage (Restaurant), S$381.50 | Yes | EQ Business Food & Beverage (Restaurant): contents and stocks S$100,000 | S$381.50 |
| SompoYesSpectra Food and Beverage, S$389.40 | Yes | Spectra Food and Beverage: contents and stocks S$150,000 | S$389.40 |
| MSIGYesSUMO, S$408.36Buy Now | Yes | SUMO: contents and stocks S$100,000 | S$408.36 |
| IncomeYesSmartBiz 360 Essential, S$450.00Buy Now | Yes | SmartBiz 360 Essential: contents and stocks S$100,000SmartBiz 360 Premier: contents and stocks S$150,000 | S$450.00 |
| Tokio MarineYesTM Dining Suite, S$545.00 | Yes | TM Dining Suite: contents and stocks S$100,000 | 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 your stock?
Yes. All 8 insurers we price cover contents and stock together under one sum. Insure them for what they would cost to replace. Most insurers charge more for a higher sum, and some cap how much of the sum may be stock.
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?
For a cafe with 5 staff and S$100,000 of contents and stock, renting its premises, HL Assurance Business Protect360 is the cheapest plan from an insurer that covers it, at S$218.00 a year today, GST included.