MSIG, renowned for our depth of knowledge and strengths in the commercial insurance sector provides a wide range of insurance solutions customised to needs of the large business entities to tailored comprehensive packages catering to small and medium enterprises.

Designed with ease of administration, our business package is a cost effective means to access a suite of 8-in-1 insurance solutions suitable for small to medium sized businesses. You can top up with additional sums in the basic package or opt for additional covers to meet specific requirements.

Basic Package ­ Your 8-in-1 pack

1. Fire and Extraneous Perils (Contents)

Protect your business contents like furniture, fixtures and fittings, office and factory plant and equipment including inventory against fire, lightning, explosion and perils of nature such as windstorm, flood, earthquake. Malicious damage, impact by vehicles, strikes and riots are also within the package covers provided.

2. Business Interruption

The disruption after a serious fire or flooding could place tremendous financial strain on your business during the period of restoration. Certain expenses continue to be payable such as interest on borrowings, retention of key employees including the loss of expected profits that your business would have generated.

Our business packages offer covers the additional cost and expenses during the period of interruption on daily limits.

3. Theft and Hold-up

When burglars strike, your business contents, plant and machinery and inventory suffer loss or damage. The Theft and Hold-up insurance ensures that these losses including damage to furniture and the premises are compensated so that you can focus on getting the business back on track.

4. Workmen’s Compensation

The Workmen’s Compensation Act calls for mandatory protection by an employer of certain categories of their employees against work-related accidents or illnesses. This includes various sums of compensation for injuries or death, medical expenses and loss of income during an employee’s disability.

This insurance covers your liability as employer under the Workmen’s Compensation legislation as well as protecting you against any legal liability arising from claims by your employees at Common Law. All legal costs and expenses incurred with our consent are also covered.

5. Public Liability

With increasing awareness of consumers, enterprises are exposed to a myriad of legal liabilities arising from accidents due to acts of negligence of its employees or representatives in the course of business. Business prudence requires that protection against such contingents cannot be compromised. With Public Liability insurance, you have the assurance that compensation for claims from third parties for injury or damage to their property including claimants’ costs are taken care of.

6. Money

This insurance pays for loss of money such as cash, cheques, money and postal orders, stamps due to accidents including risks of burglary or robbery in the business premises and in transit whilst in the custody of your employees or representatives.

7. Plate Glass

Specially suitable for showrooms or retail outlets with glass displays, accidental breakage or damage to plate glass, for e.g. glass partition walls, doors, display counters including its designs, lettering or ornamental works can be recovered under this type of insurance.

8. Personal Accident

Beyond protecting the tangibles of your business, the package goes further to ensure that you or your employees are compensated in the event of bodily injuries or death resulting from accidents 24/7 anywhere in the world.

Optional Covers

9. All Risks (Office Equipments)

You can choose to insure office machines and equipments of high value or prone to damage or theft against accidental physical loss or damage such as fire, explosion, flood and burglary provided under an All Risks insurance.

10. Fidelity Guarantee

Making your business protection even more complete, consider this option that insures your monetary loss or loss of physical property resulting from fraud or dishonest acts by your employees. You can choose to cover either specific employees or for that complete peace of mind, a blanket coverage on all employees as there is no knowing how a loss may surface until an incident has occurred.

11. Deterioration of Stock

An optional extension specially packaged for the food and beverage industry, frozen goods damaged following deterioration due to accidental failure of power supply or failure of the deep freezer is recoverable under this cover.

12. Fire and Extraneous Perils (Building)

Your can also choose to protect your building against fire, lightning, explosion and perils of nature such as windstorm, flood and earthquake under a separate policy.

To know more, please Contact Us or your Insurance Representative.