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Business insurance types in Singapore

Every major line of cover a Singapore business may need, in plain English. Start with what's compulsory, then work down.

Business Interruption Insurance

Extends property insurance to replace lost gross profit and continuing costs while you recover from insured damage.

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Commercial Motor & Fleet Insurance

Compulsory third-party cover for every vehicle under Singapore law, plus comprehensive and fleet options for business use.

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Commercial Property & Fire Insurance

Protects premises, renovation, stock and equipment against fire and other damage. Often required under your tenancy agreement.

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Contractors' All Risks (CAR) Insurance

Covers construction and renovation works, materials and third-party damage. Routinely required by landlords, MCSTs and main contractors.

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Cyber Insurance

Covers ransomware, data breaches, email fraud and PDPA fallout — response costs, lost income and third-party claims.

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Directors & Officers (D&O) Liability Insurance

Protects directors' personal assets against claims from their decisions. Key for companies with investors or regulated activities.

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Group Employee Benefits Insurance

Group life, medical, accident and outpatient cover for staff. A talent tool — not a substitute for WICA or FWMI obligations.

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Marine Cargo Insurance

Covers goods in transit by sea, air and land. Essential for importers and exporters — your Incoterms decide when you're on risk.

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Professional Indemnity Insurance

Covers negligence, errors and omissions in professional work. Required by some professional bodies and many B2B contracts.

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Public Liability Insurance

Covers third-party injury and property damage. Not legally compulsory, but contractually required almost everywhere.

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Work Injury Compensation (WICA) Insurance

Compulsory cover for workplace injuries. Required for all manual workers and non-manual staff earning ≤S$2,600/month.

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