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Prerequisites

Spectra Retail


Jewellery and time pieces exceeding S$750 per article
Mobile phones, tablets and accessories
Antiques and collectibles
Coins and currency notes
Works of art and sculptures
Stamps, precious stones/metals
Second hand and used goods
Building and construction materials
Livestock
Alcohol and tobacco
Joss sticks and joss papers
Paints and varnishes
Flammable and hazardous products
Computer components including integrated circuit chips
Battery and tyres workshops
Nurseries and landscaping
Motor showrooms
Money changers
Pawn shops
Petrol stations/kiosks
Repair workshops
 

This plan does not cover risks:
Shops situated in a wet/dry market.
Involving manual work outside of Insured’s own premises except for the purpose of delivery of goods only.
Outside of Singapore with exception of the Personal Accident section.
Premises not of brick/tile/concrete construction.
Property kept in open or without perimeter fence and/or security outside business hours.


RETAIL

Light Industrial Area

Pre-War Shophouse


Property Information

Coverage Details

Section 1 - All Risks
(Excess: $300 each and every loss except fire, lightning & explosion)
$150,000.00
- Plate Glass Cover up to 5% of Sum Insured
- Full Theft Cover up to S$50,000
- Deterioration of Stocks Extension up to $5,000
Section 2 - Consequential Loss
(Up to 120 days)
$200 per day
- Closure due to Food & Drinks Poisoning
Section 3 - Money
(a) Money in Transit
$5,000.00
(b) Money in Premises
(Up to limit of $3,000 in locked drawers/ cabinets/ cash registers after business hours)
$5,000.00
(c) Money in proprietor's/ partner's/ director's residence kept in locked drawers/safes after business hours
$500.00
Section 4 - Personal Accident
On the life of named proprietor/partner(s)/ director(s) including employee(s) of Class 1 Occupation
Covered for two(2)
(a) Death/Permanent Disablement
$5,000.00
(b) Accidental Medical Expenses
$500.00
Section 5 - Public Liability
$1,000,000.00
Section 6 - Goods-In-Transit
$2,000.00
Section 7 - Legal Expenses
(Including reimbursement of legal expenses in respect of Personal Data Protection Act)
$2,000.00
Section 8 - Fire & Extraneous Perils on Building
Section 9 - Fidelity Guarantee
(Limit: $5,000 any one occurrence and in the aggregate)
Section 10 - Work Injury Compensation
**Definition of Annual Wages
The annual wages, salaries and other monetary earnings must consist of the normal wages, food and housing allowances, overtime payments, bonuses and annual wages supplements but excluding travelling allowances and employers' CPF contributions.
CATEGORY
HEADCOUNT(Basic)
HEADCOUNT(Additional)
TOTAL EST. ANNUAL WAGES **
Employee with annual wages $42,000 and below (per employee)
Employee with annual wages above $42,000 (per employee)
 

Admin/Management
Cleaner
All other Indoor Staff
Driver/Despatch
All other Outdoor Staff
Total

Additional Information


Jewellery and time pieces exceeding S$750 per article
Mobile phones, tablets and accessories
Antiques and collectibles
Coins and currency notes
Works of art and sculptures
Stamps, precious stones/metals
Second hand and used goods
Building and construction materials
Livestock
Alcohol and tobacco
Joss sticks and joss papers
Paints and varnishes
Flammable and hazardous products
Computer components including integrated circuit chips
Battery and tyres workshops
Nurseries and landscaping
Motor showrooms
Money changers
Pawn shops
Petrol stations/kiosks
Repair workshops
 

This plan does not cover risks:
Shops situated in a wet/dry market.
Involving manual work outside of Insured’s own premises except for the purpose of delivery of goods only.
Outside of Singapore with exception of the Personal Accident section.
Premises not of brick/tile/concrete construction.
Property kept in open or without perimeter fence and/or security outside business hours.

Preventive Measures Information

Fire Preventive System Of Premise

Security System Of Premises

Period of Insurance