Property All-Risk Insurance

1. Why should I consider Property All-Risk Insurance for my business, and what does it cover?

Property All-Risk Insurance provides essential, wide-ranging coverage for business assets, protecting against unexpected physical losses like fire, theft, and water damage. Unlike traditional fire insurance, which usually only covers fire-related damages, this policy covers all risks except those specifically excluded, helping you avoid disruptive repair and replacement costs.

In addition to property protection, you can enhance your coverage with these options:

• Business Interruption: Safeguards against income loss if business operations are disrupted due to damage.
• Money: Covers theft of cash on premises or while in transit.
• Fidelity Guarantee: Protects against losses from employee dishonesty.
• Goods in Transit: Covers goods being moved within Singapore.
• Specified All-Risks for Portable Items: Provides protection for items like laptops, mobile phones, and other specified items against damage within Singapore or globally.

2. Can I combine different types of coverage within a Business Insurance Package to meet my business needs?

Yes, for selected industries, SME Business Insurance Packages are designed with flexibility in mind. You can combine various coverages, such as Property All-Risk, Business Interruption, Public Liability, and Work Injury Compensation, all within a single policy. 

This allows for comprehensive protection tailored to your business needs, simplifying management and ensuring cost-effective, all-in-one coverage for peace of mind.