Contractor and renovation insurance
Does renovation insurance cover third-party liability?
Great American's Renovation Protect does: third-party liability on one contract at S$1,000,000, S$1,500,000 or S$2,000,000, whichever you choose. Building managements often set the figure. Income's licence guarantee is a guarantee to HDB, not insurance, so it covers no liability. Injuries to your own workers are a WICA claim, not a liability claim.
The figures
- Insurers compared: 2.
- Insurers whose plans include it: 1.
- Insurers that do not cover it: 1.
What each insurer says
| Insurer | Covered? | What its details say | Paid once |
|---|---|---|---|
| Great AmericanYesRenovation Protect Plan B, S$1,000,000 liability, S$382.00 | Yes | Third-party liability on the one contract: S$1,000,000, S$1,500,000 or S$2,000,000, the limit you choose.Excess: S$2,500 a claim. | S$382.00 |
| IncomeNoRenovation Contractor Licence Guarantee, S$5,000, S$250.00Buy Now | No | Income’s Renovation Contractor Licence Guarantee is the guarantee HDB asks for to list a renovation contractor, not a policy against damage or liability. | S$250.00 |
Great American’s prices are the premium table on its Renovation Protect proposal form (F.40302B (12/24)), the same figures as its pamphlet (5611-SGP (09/23)), GST included, read on 28 Oct 2026. Income’s are the table on its licence guarantee page (information as at 28 Jan 2026), GST-exempt, read on 28 Oct 2026. A dash means no price on this page. Each insurer's policy wording is the final word on what is covered.
Neither Great American nor Income is one of our featured insurers for contractor and renovation insurance, so we rank neither. They sell different things, so they are never set against each other: Great American’s Renovation Protect insures the works and your liability on one contract, and Income’s licence guarantee is the guarantee HDB asks for to list a renovation contractor.
Great American sells Renovation Protect through intermediaries: Apply Now opens its proposal form on our site, filled in from your answers, and we place the cover; you send it with the contract’s letter of award or purchase order. Income sells its licence guarantee on its own site: Buy Now takes you there with your name or UEN and HDB’s letter about your listing or renewal, and Income issues the guarantee at once. Ask Shenton to arrange sends us the plan you picked and we arrange it for you.
See every insurer's price for your own contract, or ask us to arrange the cover.
Compare contractor and renovation insuranceQuestions people ask
Does renovation insurance cover third-party liability?
Great American's Renovation Protect does: third-party liability on one contract at S$1,000,000, S$1,500,000 or S$2,000,000, whichever you choose. Building managements often set the figure. Income's licence guarantee is a guarantee to HDB, not insurance, so it covers no liability. Injuries to your own workers are a WICA claim, not a liability claim.
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 2 insurers. Where an insurer's details do not say, we say so. The policy wording is the final word on what is covered.
Why are the two insurers not ranked?
Neither Great American nor Income is one of our featured insurers for contractor and renovation insurance, so we rank neither. They sell different things, so they are never set against each other: Great American’s Renovation Protect insures the works and your liability on one contract, and Income’s licence guarantee is the guarantee HDB asks for to list a renovation contractor.