Key Benefits

Insurance solutions for retailers

Running a business with a storefront is complicated. You're subjected to customers' whims and the mounting challenges of a tough economy, not to mention the variety of potential risks rising from everyday operations. Let ShopCare keep your business running strong by managing your risk exposures more effectively.

1

Combines various classes of insurance under one policy

2

Easy to arrange

3

Competitive premium terms

4

Chain Discount with 3 or more shops

5

Further discounts given for clean claims record

ShopCare Key Benefits

We got your needs covered

Compare our plans in detail, you’ll definitely find something that suits you

Description of Benefits

Plan A Sum Insured

Plan B Sum Insured

Section 1 - All Risks1
Description of Benefits

Plan A Sum Insured

Plan B Sum Insured

All Risks1
Excess: S$200 each and every loss except for fire, lightning and burglary
S$100,000 S$200,000

1All Risks

  • 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
  • Accidental breakage of plate glass up to S$25,000 any one loss and in the aggregate 
Section 2 - Consequential Loss
Description of Benefits

Plan A Sum Insured

Plan B Sum Insured

Consequential Loss
Excess: 3 days by order of a public authority
S$20,000 S$30,000
Section 3 - Rental Expenses
Description of Benefits

Plan A Sum Insured

Plan B Sum Insured

Rental Expenses S$20,000 S$30,000
Section 4 - Money Insurance
Description of Benefits

Plan A Sum Insured

Plan B Sum Insured

In transit S$5,000 S$7,500
In premises during business hours S$5,000 S$7,500
In locked safes after business hours S$5,000 S$7,500
In locked drawers after business hours S$1,000 S$2,000
Section 5 - Personal Accident 
Description of Benefits

Plan A Sum Insured

Plan B Sum Insured

Personal Accident S$50,000 S$50,000
Section 6 - Public Liability and Food & Beverage Extension
Description of Benefits

Plan A Sum Insured

Plan B Sum Insured

Public Liability
​​​​​​​(Any one accident/unlimited any one period)
S$500,000 S$1,000,000
Food & Beverage Extension
​​​​​​​(Any one loss and in the aggregate)
S$50,000 S$50,000
Section 7 - Goods-in-Transit
Description of Benefits

Plan A Sum Insured

Plan B Sum Insured

Goods-in-Transit
​​​​​​​(Any one loss and in the aggregate)
S$2,000 S$2,000
Annual Premiums (includes prevailing GST)
Description of Benefits

Plan A Sum Insured

Plan B Sum Insured

Annual Premium S$288.90 S$395.90

    Top Up Plan from Plan B Top Up Rates Maximum Sum Insured Limit
    Section 1 - All Risks1
    Top Up Plan from Plan B

    Top Up Rates

    Maximum Sum Insured Limit

    All Risks1
    Excess: S$200 each and every loss except for fire, lightning and burglary
    S$107.00 for every S$50,000 S$1,000,000

    1All Risks 

    • 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
    • Accidental breakage of plate glass up to S$25,000 any one loss and in the aggregate  
    Section 2 - Consequential Loss
    Top Up Plan from Plan B

    Top Up Rates

    Max Sum Insured Limit

    Consequential Loss
    Excess: 3 days by order of a public authority
    N.A. N.A.
    Section 3 - Rental Expenses
    Top Up Plan from Plan B

    Top Up Rates

    Max Sum Insured Limit

    Rental Expenses N.A. N.A.
    Section 4 - Money Insurance
    Top Up Plan from Plan B

    Top Up Rates

    Max Sum Insured Limit

    In transit S$5.35 for every S$500 S$10,000
    In premises during business hours S$5.35 for every S$500 S$10,000
    In locked safes after business hours S$5.35 for every S$500 S$10,000
    In locked drawers after business hours S$5.35 for every S$500 S$3,000
    Section 5 - Personal Accident
    Top Up Plan from Plan B

    Top Up Rates

    Max Sum Insured Limit

    Personal Accident N.A. N.A.
    Section 6 - Public Liability and Food & Beverage Extension
    Top Up Plan from Plan B

    Top Up Rates

    Max Sum Insured Limit

    Public Liability
    (Any one accident/unlimited any one period)
    S$53.50 for every S$500,000 S$3,000,000
    Food & Beverage Extension
    (Any one loss and in the aggregate)
    S$26.75 for every S$50,000 S$100,000
    Section 7 - Goods-in-Transit
    Top Up Plan from Plan B

    Top Up Rates

    Max Sum Insured Limit

    Goods-in-Transit
    ​​​​​​​(Any one loss and in the aggregate)
    N.A. N.A.

      Optional Coverage Sum Insured/Headcount Top Up Rates
      Work Injury Compensation2 
      Optional Coverage Sum Insured/Headcount Top Up Rates
      Non-manual employees
      Admin/accounts/management/cashiers/marketing/sales
      Earning ≤ S$30,000
      Earning > S$30,000
      S$32.10 per employee
      S$58.85 per employee
      Manual employees
      Technicians/engineers/cleaners
      Earning ≤ S$30,000
      Earning > S$30,000
      S$64.20 per employee
      S$107.00 per employee
      Driver/Dispatch/Delivery Earning ≤ S$30,000 S$214.00 per employee

      2Work Injury Compensation 

      • Please declare occupation, headcount and Actual^ annual wages per Category. Actual^ 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

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

      Fidelity Guarantee3
      Optional Coverage Sum Insured/Headcount Top Up Rates
      Any one employee and in the aggregate

      This section will need to be taken together with the Work Injury Compensation section
      S$2,000 S$10.70 per employee

      3Fidelity Guarantee

      • Please declare occupation and headcount 
      Deterioration of Stocks
      Optional Coverage Sum Insured/Headcount Top Up Rates
      Any one loss and in the aggregate S$1,000 S$32.10 + S$10.70 per additional S$500 insured limit up to a maximum of S$5,000

       

      Notes

      1. The sum insured on Section 1 - All Risks shall represent the:

      2. Section 1 - All Risks and Section 6 - Public Liability are extended to cover Outdoor Display Areas authorised for such use by the landlord and the relevant authorities

      3. The sum insured on Section 1 - All Risks and Section 4 - Money Insurance are automatically increased by 25% for the two weeks prior to Chinese New Year, Hari Raya Puasa, Deepavali and Christmas Day

      4. If you have a chain of 3 or more shops insured with us, you will enjoy the following Chain Store Discount from gross premium

      5. You will enjoy the following No Claim Discount (after any Chain Store Discount) if you continue to insure with us:

      6. The covers and premiums indicated are not available for the following: