MSIG · Business package insurance
MSIG business package insurance
MSIG'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 18 of our typical businesses, from S$333.06 to S$594.66 a year; the cheapest insurer on 0.
- Its published rates price 64 of the 113 kinds of business on our business package page.
- You buy on MSIG's own site: Buy Now takes you there, and MSIG issues the policy.
Its price on each business
| Business | Plan | A year | Place | Lowest of all |
|---|---|---|---|---|
| Cafe5 staff | SUMO | S$408.36 | 6 of 8 | S$218.00 (HL Assurance) |
| Restaurant10 staff | SUMO | S$490.11 | 7 of 8 | S$299.75 (HL Assurance) |
| Fast food outlet8 staff | SUMO | S$408.36 | 6 of 8 | S$218.00 (HL Assurance) |
| Bakery4 staff | SUMO | S$333.06 | 6 of 8 | S$218.00 (HL Assurance) |
| Takeaway kitchen3 staff | SUMO | S$408.36 | 4 of 6 | S$272.50 (Great American) |
| Caterer6 staff | SUMO | S$408.36 | 5 of 6 | S$218.00 (HL Assurance) |
| Clothing shop3 staff | SUMO | S$398.46 | 6 of 7 | S$299.75 (HL Assurance) |
| Minimart5 staff | SUMO | S$463.86 | 4 of 5 | S$381.50 (HL Assurance) |
| Florist2 staff | SUMO | S$333.06 | 7 of 8 | S$218.00 (HL Assurance) |
| Pharmacy4 staff | SUMO | S$463.86 | 3 of 4 | S$381.50 (HL Assurance) |
| Optical shop3 staff | SUMO | S$398.46 | 6 of 7 | S$299.75 (HL Assurance) |
| Furniture shop4 staff | SUMO | S$594.66 | 3 of 4 | S$545.00 (HL Assurance) |
| Computer shop3 staff | SUMO | S$398.46 | 4 of 4 | S$299.75 (HL Assurance) |
| Hair salon4 staff | SUMO | S$333.06 | 7 of 8 | S$218.00 (HL Assurance) |
| Beauty salon5 staff | SUMO | S$333.06 | 7 of 8 | S$218.00 (HL Assurance) |
| Laundry3 staff | SUMO | S$333.06 | 7 of 7 | S$218.00 (HL Assurance) |
| Photography studio2 staff | SUMO | S$333.06 | 7 of 7 | S$218.00 (HL Assurance) |
| Printing shop3 staff | SUMO | S$333.06 | 6 of 6 | S$218.00 (HL Assurance) |
MSIG for a cafe with 5 staff
| Insurer | A year | Value score | Public liability | Contents and stock | Business interruption |
|---|---|---|---|---|---|
| MSIGSUMOBuy Now | S$408.36 | 46 | S$1,000,000 | S$100,000 | Included |
- Priced as MSIG’s Food and Beverage plan.
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 MSIG business package insurance?
For the 18 typical small businesses it prices on our pages, from S$333.06 to S$594.66 a year on today's published rates, GST included. It is the cheapest insurer for 0 of them.
Which businesses does MSIG cover?
MSIG's published rates price 64 of the 113 kinds of business on our business package page.
What does MSIG's plan cover?
For a cafe with 5 staff, SUMO: contents and stocks S$100,000; public liability S$1,000,000; money and business interruption included.
How do I get MSIG's business package?
You buy on MSIG's own site: Buy Now takes you there, and MSIG issues the policy. Ask Shenton to arrange sends us the plan and we arrange it for you.