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Key Benefits
1
All Risks cover for all standard cases
2
Increased coverage with lower rates for selected benefits
3
Free Rental Expenses
4
Include more headcount for Work Injury Compensation
5
Include more trades
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Compare our plans in detail, you’ll definitely find something that suits you
| Description of Benefits |
Standard Plan Sum Insured |
Top-up Rates |
Maximum Limit |
|---|
- Section 1 - All Risks1
-
Description of Benefits Standard Plan Sum Insured
Top-up Rates
Maximum Limit All Risks1
Excess: S$500 each and every loss
Sub-limit- Plate Glass: S$25,000
- Full-theft: maximum 20% of the sum insured or S$100,000, whichever is lower
S$100,000
S$21.60 for every S$10,000
S$3,000,000
- Section 2 - Consequential Loss
-
Description of Benefits Standard Plan Sum Insured
Top-up Rates
Maximum Limit Consequential Loss
Excess: 3 days by order of a public authority- Due to insured perils under All Risks
S$250 per day up to 100 days
S$10.80 for every S$50 per day
S$500 per day
- Cost of material and labour incurred caused by Fire and/or Extraneous Perils
S$1,000 N.A. N.A. - Section 3 - Rental Expenses
-
Description of Benefits Standard Plan Sum Insured
Top Up Rates
Maximum Limit Rental Expenses S$200 per day up to 100 days N.A. N.A. - Section 4 - Money Insurance
-
Description of Benefits Standard Plan Sum Insured
Top Up Rates
Maximum Limit In transit S$5,000 S$5.40 for every S$500 S$10,000 In premises during business hours S$5,000 S$5.40 for every S$500 S$10,000 In premises after business hours S$5,000 S$5.40 for every S$500 S$10,000 - Sub limit in locked drawers/cash registers within insured premises
S$1,000
S$5.40 for every S$500
S$2,000
- Sub-limit in locked drawers/cash registers within registered directors' residences
S$1,000
N.A.
N.A.
- Section 5 - Personal Accident
-
Description of Benefits Standard Plan Sum Insured
Top-up Rates
Maximum Limit Personal Accident
Not exceeding 70 years of ageS$50,000 or pro-rated if more than one insured person N.A. N.A. - Section 6 - Public Liability and Food & Beverage Extension
-
Description of Benefits Standard Plan Sum Insured
Top Up Rates
Maximum Limit Public Liability
(Any one loss and unlimited any one period)
Excess: S$500 each and every lossS$500,000 S$81.00 for every S$500,000 S$5,000,000 Food & Beverage Extension
(Any one loss and in the aggregate)
Excess: S$500 each and every lossS$50,000 S$27.00 for every S$50,000 S$150,000 - Section 7 - Goods-in-Transit
-
Description of Benefits Standard Plan Sum Insured
Top-up Rates
Maximum Limit Goods-in-Transit
Excess: S$250 each and every lossS$5,000 N.A. N.A. - Annual Premium (includes prevailing GST)
-
Description of Benefits Standard Plan Sum Insured
Top-up Rates
Maximum Limit Annual Premium S$518.40
1 All Risks/Fire and Extraneous Perils (Buildings only)
- Premises situated on road level or basement is subject to an excess of S$2,500 each and every loss in respect of flood claims
Optional Coverage
| Optional Coverage | Sum Insured/Headcount | Top-up Rates | Maximum Limit |
|---|
- Fire and Extraneous Perils1
-
Optional Coverage Sum Insured/Headcount Top-up Rates Maximum Limit Buildings only To be declared S$5.40 for every S$10,000 N.A. - Deterioration of Stock
-
Optional Coverage Sum Insured/Headcount Top-up Rates Maximum Limit Any one loss and in the aggregate S$2,000 S$32.40 + S$32.40 per additional S$500 insured S$5,000 - Fidelity Guarantee2
-
Optional Coverage Sum Insured/Headcount Top-up Rates Maximum Limit Any one loss and in the aggregate S$3,000 S$32.40 + S$10.80 per employee Up to 25 employees - Work Injury Compensation3
-
Optional Coverage Sum Insured/Headcount Top-up Rates Maximum Limit Non-manual employees Earning ≤ S$30,000
Earning > S$30,000 up to S$75,000S$32.40 per employee
S$75.60 per employeeUp to 25 employees Manual/Drivers/Deliveries Earning ≤ S$50,000 S$216.00 per employee Up to 25 employees - Directors and Officers Liability
-
Optional Coverage Sum Insured/Headcount Top-up Rates Maximum Limit Any one claim and in the aggregate
Excess: S$5,000 each and every claimS$100,000
S$150,000S$378.00
S$540.00S$100,000
S$150,000
1 All Risks/Fire and Extraneous Perils (Buildings only)
- Premises situated on road level or basement is subject to an excess of S$2,500 each and every loss in respect of flood claims
2 Fidelity Guarantee
- This section will need to be taken together with the Work Injury Compensation section
- Please declare occupation and headcount
3 Work Injury Compensation
- Please refer to separate underwriting for annual earnings above the stated amount
- Please declare occupation, headcount and Actual4 annual wages per Category. Actual4 annual wages consists of salary (including overtime pay), bonuses and allowances excluding transport allowance
- The company shall not be liable for any claim arising from 2-wheelers/motorcycling (as rider or passenger) unless specifically agreed upon
4 Actual annual wages per category at the inception of the policy year
Notes
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The sum insured on Fire and Extraneous Perils, Fire (Building) and All Risks must represent the following:
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Premises occupied as an office or store in an industrial building are accepted by SMECare
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Referred trades^ for underwriting:
-
Excluded trades:
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The following types of Premises/Construction are not covered:
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Directors and Officers Liability Optional Extension is only available for companies with total assets less than S$10,000,000 and without securities listed on any securities exchange
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Policy Owners' Protection Scheme
