SMECare

Key Benefits

Maximise insurance coverage with up to five million for Public Liability and three million for All-Risk

Get boosted coverage at reduced rates for selected benefits

Enjoy free rental expense coverage

Get to include up to 25 employees for WIC Insurance as part of SMECare package

Include more trades: from wholesale, manufacturing to light industries

We have got your needs covered

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$21.80 for every S$10,000	S$3,000,000

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$21.80 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$10.90 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.

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$10.90 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.

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$5.45 for every S$500	S$10,000
In premises during business hours	S$5,000	S$5.45 for every S$500	S$10,000
In premises after business hours	S$5,000	S$5.45 for every S$500	S$10,000
Sub limit in locked drawers/cash registers within insured premises	S$1,000	S$5.45 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 age	S$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 loss	S$500,000	S$81.75 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 loss	S$50,000	S$27.25 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 loss	S$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$523.20

¹All 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$5.45 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$32.70 + S$32.70 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$32.70 + S$10.90 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$75,000	S$32.70 per employee S$76.30 per employee	Up to 25 employees
Manual/Drivers/Deliveries	Earning ≤ S$50,000	S$218.00 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 claim	S$100,000 S$150,000	S$381.50 S$545.00	S$100,000 S$150,000

¹All 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

²Fidelity Guarantee

This section will need to be taken together with the Work Injury Compensation section
Please declare occupation and headcount

³Work 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

⁴Actual annual wages per category at the inception of the policy year

Notes

The sum insured on Fire and Extraneous Perils, Fire (Building) and All Risks must represent the following:
- Full reinstatement values for building and renovation/improvements
- Full replacement costs for contents other than stock-in-trade
- Market value for stock-in-trade
Without allowance for wear, tear and depreciation otherwise any claim settlement will be proportionately reduced.
Premises occupied as an office or store in an industrial building are accepted by SMECare
Referred trades^ for underwriting:
- Computer components, integrated circuit chips
- Motor garages, showroom, workshop
- Scrap metal
- Ceremonial i.e. joss sticks and paper products
- Spring mattress, bedding fabric
- Paint and Vanish
- Battery and Tyre
- Alcohol, Wines and Spirits
- Accommodation providers, backpacker's inn
- Traditional Chinese herbs, dried seafood products
^{^} Standard terms are not applicable to referred trades
Excluded trades:
- Blasting, smelting, or other operations involving hazardous activities
- Hot work and/or spray painting
- Jewellery, precious stones/metals, watches, work of arts
- Contractors of all trades including landscaping
- Charcoal, fireworks and other explosive goods
- Livestock and/or nurseries
- Logistics,transportation,freight forwarders
- Oil, kerosene, petroleum, LPG and other flammable liquid and gases, chemicals (flammable, toxic or explosives)
- Rubber, plastics, foams
- Woodworking
- Any offsite contract works
The following types of Premises/Construction are not covered:
- Building not of Class 1 construction, shared premises, multi tenanted
- Property kept in the open/without perimeter, fence, security, pre-war premises
- Risks outside Singapore
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

Note: Please approach our underwriting team should you have questions on referred trades and excluded trades.

The information provided here is a summary. Please refer to the actual policy wordings for the terms and conditions.
Policy Owners' Protection Scheme

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us (servicecenter@libertyinsurance.com.sg) or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).