Key Benefits

The assurance you seek for your business

Many small and medium enterprises (SMEs) in Singapore face mounting challenges in terms of high operational costs that include rent, labour, and transportation - not to mention challenges in avoiding accidents that lead to financial loss. Whether you're in the business of wholesale, manufacturing or light industries, let SMECare help manage your risk exposures and protect both your livelihood and your employees.

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

SMECare Key Benefits

We 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$21.40 for every S$10,000

S$3,000,000

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
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$10.70 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$5.35 for every S$500 S$10,000
In premises during business hours S$5,000 S$5.35 for every S$500 S$10,000
In premises after business hours S$5,000 S$5.35 for every S$500 S$10,000
  • Sub limit in locked drawers/cash registers within insured premises

S$1,000

S$5.35 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$80.25 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$26.75 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$513.60    

    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$5.35 for every S$10,000 N.A.

    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
    Deterioration of Stock
    Optional Coverage Sum Insured/Headcount Top Up Rates Maximum Limit
    Any one loss and in the aggregate S$2,000 S$32.10 + S$32.10 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

    This section will need to be taken together with Work Injury Compensation section
    S$3,000 S$32.10 + S$10.70 per employee Up to 25 employees

    2Fidelity Guarantee

    • Please declare occupation and headcount 
    Work Injury Compensation3
    Optional Coverage Sum Insured/Headcount Top Up Rates Maximum Limit
    Non-manual employees Earning ≤ S$30,000
    Earning > S$30,000
    S$32.10 per employee
    S$74.90 per employee
    Up to 25 employees
    Manual/Drivers/Deliveries Earning ≤ S$30,000 S$214.00 per employee Up to 25 employees

    3Work 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 

    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$374.50
    S$535.00
    S$100,000
    S$150,000

    Notes

    1. The sum insured on Fire and Extraneous Perils, Fire (Building) and All Risks must represent the following:

    2. Premises occupied as an office or store in an industrial building are accepted by SMECare

    3. Referred trades^ for underwriting:

    4. Excluded trades:

    5. The following types of Premises/Construction are not covered:

    6. 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