The 8 Best Business Insurance in Singapore
Are you looking for ways to protect the interests and assets of your business? If so, we strongly recommend getting your hands on the best business insurance in Singapore, as it’s a good place to start.
If you’re clueless as to where to avail of the best business insurance in Singapore, though, we have you covered. We looked all over the island in search of the best business insurance in Singapore that all business owners should check out.
So, without further ado, here’s our list of the best business insurance in Singapore that can definitely help your business grow.
1. China Taiping Insurance Singapore
| BEST FOR | Personal and Business Insurance |
| SERVICES | Personal and Business Insurance |
| WEBSITE | https://www.sg.cntaiping.com/en/business/landing-casualty-medical/medical-health/biztrenz-employee-benefits-package.html |
| ADDRESS | 3 Anson Road #16-00, Springleaf Tower Singapore 079909 |
| CONTACT DETAILS | +65 6389 6111 or [email protected] |
| OPERATING HOURS | Monday to Friday (8:45am to 5:30pm) |
With a long heritage in Singapore since 1938, China Taiping Insurance (Singapore) Pte. Ltd. (“CTPIS”) has been operating as a general insurer for more than eight decades. CTPIS has expanded its business to Life Insurance since January 2019, providing comprehensive one-stop financial solutions for personal and business needs.
CTPIS insurance solutions include Foreign Workers’ Medical Insurance, BizTrenZ Employee Benefits Package and many more. The BizTrenZ Employee Benefits Package is an affordable group insurance package specially designed for Small and Medium-sized Enterprises from as few as two employees.
CTPIS is wholly-owned by China Taiping Insurance Holdings Company Limited, which has been listed on the Hong Kong Stock Exchange since 2000.
China Taiping Insurance Group is a large transnational financial and insurance group with business network in Mainland China, Hong Kong, Macau, North America, Europe, Oceania, East and Southeast Asia. The brand has gained international recognition over the years and successfully made the rankings in the “Global Fortune 500 Companies” since 2018.
Highlights
- Wide range of affordable plans/riders
- 24/7 Worldwide coverage
- Teleconsultation and Telemedication platform
- Customisable plan at competitive rate
2. Singlife with Aviva
| BEST FOR | Small Businesses |
| SERVICES | Business Insurance and Personal Insurance |
| WEBSITE | https://singlife.com/business |
| ADDRESS | 4 Shenton Way, #01-01 SGX Centre, Singapore 068807 |
| CONTACT DETAILS | +65 6827 9933 | [email protected] |
| OPERATING HOURS | Monday – Friday, 9:00 AM – 5:30 PM |
As one of the top insurance companies in Singapore, Aviva protects small businesses through MyBenefit Plus — which is considered one of the best business insurance in Singapore. It’s famous for its coverage that extends from the owners to their employees.
More than that, MyBenefit Plus allows business owners to choose which benefits are best for their employees. All a business owner needs in order to avail it is a minimum of two regular employees.
Some of the benefits business owners can choose from are death coverage, personal accident coverage, medical benefits, dental benefits, and many more.
Highlights
- Customisable plan
- Medical coverage
- Minimum of two employees
3. Pacific Prime
| BEST FOR | Employee Benefits |
| SERVICES | Business Insurance, Personal Insurance, Travel Insurance, Health Insurance, Home Insurance, and Car Insurance |
| WEBSITE | https://www.pacificprime.sg/plans/business-insurance/ |
| ADDRESS | Cross Street Exchange #14-05, Cross St, 18, Singapore 048423 |
| CONTACT DETAILS | +65 6346 3781 |
| OPERATING HOURS | Monday – Friday, 8:00 AM – 7:00 PM |
If you want business insurance that prioritises employees, then look no further than Pacific Prime Singapore. It’s one of the best business insurance in Singapore for employee coverage.
Some of the coverage of Pacific Price’s business insurance packages are health benefits, medical expenses, accident benefits, and even death expenses. If you have all these to offer to your employees, they’re guaranteed to stick with you for a long time.
Above all, Pacific Prime protects the property and assets of the business owner as well. Some of the perils covered are theft, fire damage, water damage, and earthquake damage, among others.
Highlights
- Employee benefits
- Asset protection
Customer Reviews
Take a look at what its clients have to say about its services:
“I hold Pacific Prime Insurance Brokers in the highest regard as far as customer service goes, especially Jarett Mathew. You folks are top notch. Whether by phone or email, I get the information and answers I need in a prompt and courteous manner. Thanks again for the continued support in choosing an appropriate plan for my insurance needs.”
“It’s our first time engaging Pacific Prime and we are pleased with the overall experience from start to the final settlement of our preferred options. Both Jarrett and Gautam are wonderful and they have professionally shared their recommendations that suit our corporate needs. We appreciate that they are not aggressive in the whole process and what made the difference were their detailed advice/info, patience and clear understanding of our needs. Thumbs Up and a great partnership together.”
4. AXA
| BEST FOR | Personal and Business Insurance |
| SERVICES | Business Insurance, Travel Insurance, Car Insurance, Helper Insurance, and Personal Accident |
| WEBSITE | https://www.axa.com.sg/buy/business-insurance/ |
| ADDRESS | 8 Shenton Way, #24-01 AXA Tower, Singapore 068811 |
| CONTACT DETAILS | +65 6880 4888 |
| OPERATING HOURS | Monday – Friday, 9:00 AM – 5:30 PM |
AXA remains one of the top sources of the best business insurance in Singapore, providing protection to small business owners, their employees, and the families of their employees as well.
It’s among the few insurance providers that extend benefits to the loved one of a small business’s employee. Most of the benefits included are related to health and accident expenses, so rest assured that employees have nothing to worry about.
What’s more, AXA doesn’t forget to protect business owners as well. On top of the asset protection coverage, it also provides financial assistance in case a business is forced to temporarily halt their operations.
Highlights
- Medical coverage
- Employee’s family coverage
- Asset protection
- Financial assistance
5. AIG
| BEST FOR | Comprehensive Insurance Coverage |
| SERVICES | Business Insurance and Personal Insurance |
| WEBSITE | https://www.aig.sg/ |
| ADDRESS | 78 Shenton Way, #09-16 AIG Building, Singapore 079120 |
| CONTACT DETAILS | +65 6419 3000 |
| OPERATING HOURS | Monday – Friday, 9:00 AM – 6:00 PM |
If you’re seeking business insurance with wide and comprehensive coverage, then AIG comes highly recommended. It offers essential protection for both small and medium-sized businesses in Singapore.
What’s more, it’s used by a lot of freelancers and self-employed persons to protect their work and minimise business interruption. Employees of small businesses and startups are given medical benefits and accident coverage as well.
Some of the coverage options to choose from are burglary, machinery breakdown, inland transit, work injury compensation, and many more.
Highlights
- Employee benefits
- Medical expenses
- Customisable plan
6. Easy Insure
| BEST FOR | Wide range of business insurances |
| SERVICES | Keyman Insurance (Directors) Keyman Insurance (Employees) Buy Sell Agreement Employer’s Liability Insurance Employee Medical Insurance Insurance Linked Retirement Plan (Employer) Insurance Linked Retirement Plan (Employee) Directors’ and Officers’ Liability Insurance (D&O) Business Loan Insurance Insured with Diabetes/High BP/Obesity Financial Guarantee Bond |
| WEBSITE | http://easyinsure.sg/ |
| ADDRESS | 80 Anson Road Singapore 079907 |
| CONTACT DETAILS | Phone: +65 9188 4505 Email: [email protected] |
| OPERATING HOURS | N/A |
Easy Insure is known for creating tailor-fit insurances that meet your company’s needs and capabilities. With only a short inquiry, they’ll be able to provide you a comprehensive explanation of what best suits you and what insurance you’re most likely to benefit from.
There are different types of business insurances, including buy and sell agreement, employer’s liability insurance, and employee medical insurance; all of which is included in Easy Insure’s services. They also offer more than ten types of business insurance– ensuring that whatever you may need, they can provide.
Have your business insured with one of the most trusted companies in Singapore, guarantee your business’ future with Easy Insure!
Highlights
- Tailor-fit business insurance
- Highly flexible insurances
- Team of experts
7. Accord Insurance Agency
| BEST FOR | Personal and Business Insurance |
| SERVICES | Personal and Business Insurance |
| WEBSITE | https://accordinsurance.com.sg/ |
| ADDRESS | Singapore |
| CONTACT DETAILS | 6469-3922 |
| OPERATING HOURS | Monday to Friday (8:45am to 5:30pm) |
Our experience with Accord Insurance Agency for our business insurance needs was highly satisfactory. The services offered were tailored to our specific requirements, and the knowledgeable team guided us through the process with clarity and expertise.
Accord Insurance Agency demonstrated efficiency in every aspect of their service. From the initial consultation to the policy issuance, the process was streamlined and well-organized. The quick response times and smooth communication showcased a commitment to providing a hassle-free experience for their clients.
The quality of service provided by Accord Insurance Agency exceeded our expectations. The team’s attention to detail and comprehensive approach ensured that our business was adequately covered. Their expertise in assessing risks and customizing insurance solutions showcased a dedication to delivering top-notch quality.
Accord Insurance Agency offers a balance between quality coverage and cost-effectiveness. The competitive pricing of their policies, coupled with the extensive coverage options, made our decision to choose them for business insurance a sound investment. The transparency in discussing costs and policy details added to the overall positive experience.
Our interactions with Accord Insurance Agency reflected their commitment to client satisfaction. The team was responsive to our inquiries, providing clear and concise information. Their customer-centric approach, combined with a focus on building long-term relationships, made us feel valued as clients, enhancing our confidence in their services.
Highlights
- Tailor-fit business insurance
- Highly flexible insurances
- Team of experts
8. Provide Cover
| BEST FOR | Wide Range of Insurance Plans |
| SERVICES | Business Insurance and Personal Insurance |
| WEBSITE | https://www.providecover.com/ |
| ADDRESS | Singapore |
| CONTACT DETAILS | [email protected] |
| OPERATING HOURS | Monday – Friday, 9:00 AM – 6:00 PM |
If you’re looking for affordable business insurance, then you might want to check out Provide Cover. It’s one of the few insurance providers that offer wide-ranging coverage and comprehensive insurance packages for SMes.
Some of the things covered by their business insurance packages are fire damage, water damage, public utility repair, business interruption, and many more.
What’s more, Provide Cover is composed of a team of experienced insurance agents that will help you identify which plan is perfect for your business — which is why we consider it one of the best business insurance in Singapore.
Highlights
- Competitive rates
- Flexible tenure
- Approachable agents
And with that, we conclude our list of the best business insurance in Singapore. If you know of other insurance packages meant to protect small businesses, don’t hesitate to share them with us.
And if you want only the best health insurance in Singapore for your employees, we have you covered (no pun intended) as well. Do check out our list for those to see which insurer provides the most comprehensive health benefits.