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Insurance solutions for retailers

Comprehensive insurance coverage for your retail shop

Insurance solutions for retailers

Running a business with a storefront is by no means simple. You are subjected to the customers’ whims and face the mounting challenges of a tough economy. In addition, you have to deal with a variety of potential risks everyday arising from your business operation. While you cannot avoid such risks, you can manage them.

Many business owners tend to overlook the fact that insurance is an essential element of a successful risk management strategy. That is why we have put together ShopCare. A policy tailored-specifically to your business needs.

Let ShopCare keep your business running strong by managing your risk exposures more effectively. It helps protect your business against financial losses as a result of accidents that lead to loss of or damage to your property, death/injury to employees, claims from external parties, etc.

Benefits at a Glance

  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

Summary of Benefits

Summary of Benefits
Optional Coverage

Summary of Benefits

Description of Benefits Plan A Plan B Top-Up Plan
(from Plan B)
Sum Insured Sum Insured Top-Up Rates Maximum Sum Insured Limit
Section 1 All Risks^
(Excess: S$200 each and every loss except for Fire, Lightning and Burglary)
S$100,000 S$200,000 S$107 for every S$50,000 S$1,000,000
Section 2 Consequential Loss
(Excess: 3 days by order of a Public Authority)
S$20,000 S$30,000 N.A. N.A.
Section 3 Rental Expenses S$20,000 S$30,000 N.A. N.A.
Section 4 Money Insurance
a) In Transit S$5,000 S$7,500 S$5.35 for every S$500 S$10,000
b) In Premises During Business Hours S$5,000 S$7,500 S$5.35 for every S$500 S$10,000
c) In Locked Safe After Business Hours S$5,000 S$7,500 S$5.35 for every S$500 S$10,000
d) In Locked Drawers After Business Hours S$1,000 S$2,000 S$5.35 for every S$500 S$3,000
Section 5 Personal Accident S$50,000 S$50,000 N.A. N.A.
Section 6 Public Liability
(Any One Accident/Unlimited Any One Period)
S$500,000 S$1,000,000 S$53.50 for every
Food & Beverage Extension
(Any One Loss and in the Aggregate)
S$50,000 S$50,000 S$26.75 for every
Section 7 Goods-in-Transit
(Any One Loss and in the Aggregate)
S$2,000 S$2,000 N.A. N.A.
Annual Premium S$288.90 S$395.90

Optional Coverage

Optional Coverage Sum Insured Top-Up Rates
Work Injury Compensation^
a) Non-Manual Employees
Compensation to your employees for death
or bodily injury arising out of and in the course of employment, including your liability at Common Law
S$32.10 per employee earning S$30,000 or less per annum or S$58.85 per employee earning above S$30,000 per annum
b) Manual Employees
S$64.20 per employee earning S$30,000 or less per annum or S$107 per employee earning above S$30,000 per annum
c) Driver/Dispatch/Delivery S$214 per employee
Fidelity Guarantee^
(Any One Employee and in the Aggregate)
S$2,000 S$10.70 per employee
Deterioration of Stocks
(Any One Employee 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
  • Premiums above include prevailing GST


^Work Injury Compensation
  • Please declare occupation, headcount and estimated annual wages per Category. Estimated 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
^Fidelity Guarantee
  • Please declare occupation and headcount
^All Risks
  • Premises situated on road level or basement is subject to an excess of S$2,500 each and every loss in respect of ?ood claims
  • Accidental breakage of plate glass up to S$25,000 per event