EQ Insurance · Business package insurance
EQ Insurance business package insurance
EQ Insurance's business package priced for typical small businesses from its published rates, where it stands against the other insurers, and how to take it up.
In short
- Priced on 16 of our typical businesses, from S$239.80 to S$632.20 a year; the cheapest insurer on 2.
- Its published rates price 52 of the 113 kinds of business on our business package page.
- You apply to EQ Insurance with its own application form: Apply Now opens it on our site, filled in from the page's answers, and we place the cover.
- Read EQ Insurance’s brochure and form
Its price on each business
| Business | Plan | A year | Place | Lowest of all |
|---|---|---|---|---|
| Cafe5 staff | EQ Business Food & Beverage (Restaurant) | S$381.50 | 4 of 8 | S$218.00 (HL Assurance) |
| Restaurant10 staff | EQ Business Food & Beverage (Restaurant) | S$449.50 | 5 of 8 | S$299.75 (HL Assurance) |
| Fast food outlet8 staff | EQ Business Food & Beverage (Restaurant) | S$381.50 | 4 of 8 | S$218.00 (HL Assurance) |
| Bakery4 staff | EQ Business Food & Beverage (Take-Away) | S$339.20 | 7 of 8 | S$218.00 (HL Assurance) |
| Takeaway kitchen3 staff | EQ Business Food & Beverage (Take-Away) | S$339.20 | 2 of 6 | S$272.50 (Great American) |
| Hawker stall2 staff | EQ Business Food & Beverage (Stall) | S$271.00 | 2 of 5 | S$212.23 (Etiqa) |
| Pub or bar6 staff | EQ Business Pubs, Bars & Lounge | S$632.20 | 1 of 2 | S$632.20 (EQ Insurance) |
| Clothing shop3 staff | EQ Business Retail | S$307.80 | 4 of 7 | S$299.75 (HL Assurance) |
| Florist2 staff | EQ Business Retail | S$239.80 | 3 of 8 | S$218.00 (HL Assurance) |
| Optical shop3 staff | EQ Business Retail | S$307.80 | 4 of 7 | S$299.75 (HL Assurance) |
| Hair salon4 staff | EQ Business Service | S$272.50 | 2 of 8 | S$218.00 (HL Assurance) |
| Beauty salon5 staff | EQ Business Service | S$272.50 | 2 of 8 | S$218.00 (HL Assurance) |
| Laundry3 staff | EQ Business Service | S$272.50 | 2 of 7 | S$218.00 (HL Assurance) |
| Photography studio2 staff | EQ Business Service | S$272.50 | 2 of 7 | S$218.00 (HL Assurance) |
| Printing shop3 staff | EQ Business Service | S$272.50 | 2 of 6 | S$218.00 (HL Assurance) |
| Music school4 staff | EQ Business Service | S$272.50 | 1 of 4 | S$272.50 (EQ Insurance) |
EQ Insurance for a cafe with 5 staff
| Insurer | A year | Value score | Public liability | Contents and stock | Business interruption |
|---|---|---|---|---|---|
| EQ InsuranceEQ Business Food & Beverage (Restaurant) | S$381.50 | 42 | S$500,000 | S$100,000 | Included |
- Priced from EQ’s own application form — you apply to EQ, not buy online
How these prices are worked out
Each price is worked out from the insurer’s own published rates: the tables swept off Etiqa’s, HL Assurance’s and MSIG’s online quotes, Income’s sampled online prices, and the premium tables on Sompo’s, EQ’s, Tokio Marine’s and Great American’s application forms. We check them against the insurers every week. GST is included. Each business rents its premises (no building cover) unless the page says otherwise; with WICA, wages are taken as S$30,000 a year for each staff member. Allianz quotes its package live, so it is not on these pages. Shenton Brokers is an insurance broker in Singapore. Every business is in a CSV file, updated daily.
Questions people ask
How much is EQ Insurance business package insurance?
For the 16 typical small businesses it prices on our pages, from S$239.80 to S$632.20 a year on today's published rates, GST included. It is the cheapest insurer for 2 of them.
Which businesses does EQ Insurance cover?
EQ Insurance's published rates price 52 of the 113 kinds of business on our business package page.
What does EQ Insurance's plan cover?
For a cafe with 5 staff, EQ Business Food & Beverage (Restaurant): contents and stocks S$100,000; public liability S$500,000; business interruption S$200 a day.
How do I get EQ Insurance's business package?
You apply to EQ Insurance with its own application form: Apply Now opens it on our site, filled in from the page's answers, and we place the cover. Ask Shenton to arrange sends us the plan and we arrange it for you.