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Sompo · Business package insurance

Sompo business package insurance prices today

Every Sompo business package plan priced today for each typical small business on our pages, from its published rates, a year with GST.

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

Every plan on each business

Each Sompo plan, a year, GST included.
BusinessPlanA year
Cafe5 staffSpectra Food and BeverageS$389.40
Restaurant10 staffSpectra Food and BeverageS$389.40
Fast food outlet8 staffSpectra Food and BeverageS$389.40
Bakery4 staffSpectra RetailS$272.77
Caterer6 staffSpectra Food and BeverageS$389.40
Florist2 staffSpectra RetailS$272.77
Medical clinic6 staffSpectra ServiceS$295.66
Dental clinic8 staffSpectra ServiceS$377.41
Hair salon4 staffSpectra ServiceS$295.66
Beauty salon5 staffSpectra ServiceS$295.66
Gym6 staffSpectra ServiceS$295.66
Laundry3 staffSpectra ServiceS$295.66
Photography studio2 staffSpectra ServiceS$295.66
Printing shop3 staffSpectra ServiceS$295.66

Sompo for a cafe with 5 staff

Sompo's plans for a cafe with 5 staff, renting its premises: a year, GST included.
InsurerA yearValue scorePublic liabilityContents and stockBusiness interruption
SompoSpectra Food and BeverageS$389.4065S$1,000,000S$150,000Included
  • 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.