Coverage
All Risks
Covers accidental physical loss of or damage to your property, which include Renovation, Improvements, Furniture, Fixtures & Fittings, Equipment, Stock in Trade (except Office Package) as well as Plate Glass. Covers Photographic equipment (if any) used in connection with your business.
Consequential Loss
Pays daily cash up to 120 days during the period of business interruption resulting from fire and other perils to the insured premises.
Money
Compensates you for the loss of money whilst in transit anywhere in Singapore or when it is kept within your business premises.
Personal Accident
Provides 24 hours worldwide protection on the life of employer(s)/ employee(s) against death or permanent disability including medical expenses incurred in the event of an accident.
Public Liability
Covers your legal liability for accidental bodily injury or property damage to a third party in connection with your business.
Goods-In-Transit
Protects against loss of or damage to insured property whilst in the course of transit by any vehicle owned by or hired by you.
Legal Expenses
Takes care of your legal expenses incurred in connection with your business, including reimbursement of legal expenses in respect of Personal Data Protection Act.
Fire and Extraneous Perils on Building
Protects you against loss or damage to the building structure as a result of fire, lightning, malicious damage and sprinkler leakage.
Fidelity Guarantee
Eases your worries for losses arising from dishonest acts of your employees.
Work Injury Compensation
Protects employees for work-related injuries and occupational diseases sustained in their course of work.
For full coverage (Spectra Service Brochure)
Exclusion
- Bars and discotheques
- Nightclubs
- Karaoke lounges and pubs
- Massage parlours (unless accredited member of Spa Association of Singapore)
- Arcade games and billiard centres
- Betting centres
- Infant care centres i.e. below 18 months
- Air-conditioning services
- Cleaning services
- Marriage and/or match making services
- Pest control services
- Private investigation services
- Cosmetic and corrective surgery or treatment involving oral medication, injections, laser, implants, tattoos, body piercing &/or any other process involving the breaking or abrasion of human skin
- Driving courses
- Martial arts courses
- Water and/or outdoor sports courses
This plan does not cover risks:
- Premises not of brick/tile/concrete construction and/or with property kept in the open or without perimeter fence and/or security.
- Outside of Singapore with exception of the Personal Accident section
Important Notice
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 your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg)
Disclaimer
The product information detailed in this section does not outline all aspects of cover nor does this serve as an insurance contract. Please refer to a copy of our policy wording, which is available on request, for details of the coverage conditions and limits; or contact our Sompo authorised agent or your insurance broker for more details.