Through United Overseas Insurance Limited (UOI), we offer you BizCare, a comprehensive* business insurance that provides wide coverage* against accidents, losses and work injury compensation so you can conduct business with a peace of mind.
|Other Similar Products in Singapore|
|BizCare^||Product A^||Product B^|
|Fire and Extraneous Perils||S$50,000||S$75,000||S$50,000|
|Increased Cost of Working||S$200 up to 60 days||S$250 up to 60 days||S$200 up to 100 days|
|Work Injury Compensation||5 employees (manual and non-manual employees)||4 employees (manual and non-manual employees)||3 employees (non-manual indoor employees)|
|Electronic Equipment||S$10,000||NIL (Optional as Top Up Feature)||NIL|
|Fidelity Guarentee||S$5,000||NIL (Optional as Top Up Feature)||NIL (Optional as Top Up Feature)|
|Plate Glass||S$3,000||S$2,500||NIL (Optional as Top Up Feature)|
|Industry Coverage||Broad coverage from office/service to retail/trading and wholesale||Excludes light industry and trading||Excludes light industry|
|Application Process||Quick enrollment with no underwriting required||Requires application/ underwriting||Requires application/ underwriting|
|Free Look Period (Up to 14 days)|
^ The comparison set out in the table above is a comparison of features (with the exclusion of purchase pricing of the product) and other considerations of BizCare pursuant to Plan I of BizCare (see below) against features (with the exclusion of purchase pricing of the products) and other considerations of other similar products in Singapore. Not all the features of the various insurance products set out in the table above may have been described in the table above. Information is accurate at time of publishing or posting online or, where applicable, printing.
Fire & Extraneous Perils Covers loss of or damage to your insured property in the Premises destroyed or damaged by Fire and/or Lightning and other perils such as earthquake, flood, riot and strike, malicious damage and sprinkler leakage.
Increased Cost Of Working Covers in conjunction with Fire & Extraneous Perils. An additional amount of daily benefit shall be payable if property lost or damage covered results in the interruption of or interference with the Insured’s business.
Work Injury Compensation Covers legal liability towards your employees for bodily injury sustained by accident or disease arising out of and in the course of their employment.
Public Liability Covers legal liability for accidental bodily injury or property damage to third parties arising out of the operation of your business.
Electronic Equipment Covers cost of repairs to or replacement of electronic data processing equipment caused by any unforeseen and sudden physical loss or damage from any cause other than those specifically excluded.
Money Covers loss of or damage to money whilst kept within your business premises or whilst in transit anywhere in Singapore provided it is in your personal custody or your authorised employees.
Fidelity Guarantee Covers loss of money or property, belonging to you or for which you are legally responsible as a direct result of any act of fraud or dishonesty committed by your employees.
Burglary Covers physical loss of or damage to your insured property as a result of theft by forcible entry into your business premises.
Plate Glass Indemnifies you for the breakage of fixed glass insured in your business premises.
Tailored specifically with small businesses in mind, you can choose the extent of coverage best suited for you.
|PLAN I||PLAN II||PLAN III|
|COVER||SUM INSURED /Limit||SUM INSURED /Limit||SUM INSURED /Limit|
|Fire and Extraneous Perils (contents and stock-in-trade only)||S$50,000||S$100,000||S$200,000|
|Increased Cost of Working||S$200 per day||S$200 per day||S$300 per day|
|Work Injury Compensation||Up to 5 employees||Up to 10 employees||Up to 20 employees|
|Nature of Business||Annual Premium inclusive of GST|
|(A) Office / Service||S$220.00||S$460.00||S$810.00|
|(B) Retail / Trading||S$270.00||S$550.00||S$980.00|