Business Risk Management & Solution

Singapore had garnered many praises for its business scene which attracts many enterprises and entrepreneurs to set up their business here. Notwithstanding,  Singapore is also aiming to be the next breeding ground for start up companies, the next silicon valley as well as the pharmaceutical hub of asia. All these would not be happening without the availability of resources on Business Insurances and Risk Solutions in Singapore.

We believe that each businesses is unique, so is the solutions. As an introduction, here are the list of insurances commonly taken by businesses in Singapore:

 

1. Company Liability Insurance

  • Public Liability / Third Party Liability
  • Professional Indemnity
  • General Liability
  • Product Liability
  • Director & Officer Liability
  • Cyber Liability

2. Employee Benefits

  • Work Injury Compensation Insurance (compulsory for low salaried and manual workers)
  • Foreign Worker Medical Insurance (compulsory for WP/SPass holder employees)
  • Group Health Insurances(with/without GP/SP Outpatient, Dental and/or Maternity)
  • Group Travel Insurance

3. Property

  • Industrial All Risk
  • Construction All Risk

4. Business

  • Keyman Protection
  • Business Succession Plan
  • Key Staff Retention Plan

 

And some of the specialised insurances depends on your business risks:

1. Bonds & Guarantees

  • Foreign Worker MOM Bond
  • Performance Bond

2. Construction

  • Erection All Risk (EAR)
  • Construction All Risk (CAR)

3. Speciality Insurances

  • Marine Cargo Insurance
  • Commercial Vehicles Insurance
  • Cyber Insurance
  • Medical Malpractices Insurance
  • Private Equity & Venture Capital Insurance
  • Environment Liability Insurance
  • Boiler & Machinery Insurance
  • Trade Credit Insurance

 

Find out how to develop and refine a cost-effective risk management for your enterprise with the right solutions and resources by contacting us for a hassle-free discussion.

Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek unbiased financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

Published By:

Fendy Susanto

Fendy hails from a family who value entrepreneurship, where he understands that ones’ finance is ones’ responsibility. He follow suit after leaving his decade-long career in construction industry, becoming a Financial Advisor, an Entrepreneur and a Content Creator.

Prior to joining this career, Fendy had lost his Mom and Dad to Cancer and Heart Attack, respectively. Having a first hand experience on how devastating that was financially and emotionally, his main goal is to “Leave no Life Unprotected”

With his creative traits and his warm personality, rest assured that your needs always comes first at the best possible way. No doubts on the level of advices and services delivered as testified by his clienteles.

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