Sompo · Business package insurance
Sompo business package insurance
Sompo'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 14 of our typical businesses, from S$272.77 to S$389.40 a year; the cheapest insurer on 0.
- Its published rates price 58 of the 113 kinds of business on our business package page.
- You apply to Sompo 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 Sompo’s application form
Its price on each business
| Business | Plan | A year | Place | Lowest of all |
|---|---|---|---|---|
| Cafe5 staff | Spectra Food and Beverage | S$389.40 | 5 of 8 | S$218.00 (HL Assurance) |
| Restaurant10 staff | Spectra Food and Beverage | S$389.40 | 4 of 8 | S$299.75 (HL Assurance) |
| Fast food outlet8 staff | Spectra Food and Beverage | S$389.40 | 5 of 8 | S$218.00 (HL Assurance) |
| Bakery4 staff | Spectra Retail | S$272.77 | 3 of 8 | S$218.00 (HL Assurance) |
| Caterer6 staff | Spectra Food and Beverage | S$389.40 | 4 of 6 | S$218.00 (HL Assurance) |
| Florist2 staff | Spectra Retail | S$272.77 | 4 of 8 | S$218.00 (HL Assurance) |
| Medical clinic6 staff | Spectra Service | S$295.66 | 2 of 5 | S$286.13 (HL Assurance) |
| Dental clinic8 staff | Spectra Service | S$377.41 | 2 of 3 | S$354.25 (HL Assurance) |
| Hair salon4 staff | Spectra Service | S$295.66 | 5 of 8 | S$218.00 (HL Assurance) |
| Beauty salon5 staff | Spectra Service | S$295.66 | 5 of 8 | S$218.00 (HL Assurance) |
| Gym6 staff | Spectra Service | S$295.66 | 2 of 4 | S$280.80 (Etiqa) |
| Laundry3 staff | Spectra Service | S$295.66 | 5 of 7 | S$218.00 (HL Assurance) |
| Photography studio2 staff | Spectra Service | S$295.66 | 5 of 7 | S$218.00 (HL Assurance) |
| Printing shop3 staff | Spectra Service | S$295.66 | 4 of 6 | S$218.00 (HL Assurance) |
Sompo for a cafe with 5 staff
| Insurer | A year | Value score | Public liability | Contents and stock | Business interruption |
|---|---|---|---|---|---|
| SompoSpectra Food and Beverage | S$389.40 | 65 | S$1,000,000 | S$150,000 | Included |
- Priced from Sompo’s own application form.
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 Sompo business package insurance?
For the 14 typical small businesses it prices on our pages, from S$272.77 to S$389.40 a year on today's published rates, GST included. It is the cheapest insurer for 0 of them.
Which businesses does Sompo cover?
Sompo's published rates price 58 of the 113 kinds of business on our business package page.
What does Sompo's plan cover?
For a cafe with 5 staff, Spectra Food and Beverage: contents and stocks S$150,000; public liability S$1,000,000; business interruption S$200 a day.
How do I get Sompo's business package?
You apply to Sompo 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.