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Fire insurance covers damage or loss to a property because of fire. It is a specific form of insurance in addition to property’s insurance, and it covers the cost of replacement and repair or reconstruction above what the property insurance policy covers. Fire insurance policies cover damage to the property, and may also cover damage to nearby structures, personal property and costs because of not having the capacity to live in or use the property if damages occur.


Similarly to property insurance, it provides financial reimbursement to the owner or tenant of a structure and its contents, in the event of damage or theft.  The Insurer will, at its option, by payment, repair, reinstatement or replacement, indemnify the Insured against


i) Loss of or damage to any of the Property Insure by theft following actual forcible and violent entry of or exit from the Insured Premises or any attempt thereat.

ii) Any damage to the Insured Premises by such theft or any attempt thereat that the Insured has to bear.


In addition to Burglary above, the Insurer will indemnify the Insured against loss or damage to Property Insured arising out of theft not accompanied by actual forcible and violent entry into the Insured Premises by the person or persons committing such theft, subject to losses being discovered


Money insurance will indemnify the Insured for loss of or damage to Money occurring during the Period of Insurance, up to the respective amounts stated in the schedule in the following circumstances:


(i) whilst the Money is on the Insured Premises during or after Business Hours contained:

(a) in locked safes or strongrooms.

(b) in locked drawers, cabinets, cash registers and other depository.

(ii) in transit anywhere in Singapore provided that the Money is in the Insured’s personal custody or with the Insured’s authorized employees and the loss occurred in the course of Business during Business Hours.


Liability insurance is a type of insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as malpractice, injury or negligence. Liability insurance policies cover both legal costs and any legal payouts for which the insured would be responsible if found legally liable. Coverage includes any financial liability incurred in addition to expenses related to the company's legal defense. There are three main types of business liability insurance: general liability insurance, professional liability insurance and product liability insurance.


The Work Injury Compensation Act (WICA) lets employees make claims for work-related injuries or diseases without having to file a civil suit under common law. It is a low-cost and quicker alternative to common law for settling compensation claims.

You can claim under WICA if you were injured in a work accident or suffered a disease due to work. You don't have to engage a lawyer to file a WICA claim.


From 1 January 2010, the minimum coverage of the medical insurance that employers are required to buy and maintain for the inpatient care and day surgery for each of their Work Permit Holders and S Pass holders, will be $15,000 a year.

As an employer, you must buy and maintain medical insurance coverage of at least $15,000 per year for each Work Permit holder.

The insurance should cover inpatient care and day surgery, including hospital bills for conditions that may not be work related.

You can have a co-pay arrangement with the Work Permit holder only if all of the following are met:

  • The medical treatment is not for work-related inpatient expenses.

  • The co-pay amount is reasonable and does not exceed 10% of the worker’s monthly salary.

  • The duration co-payment does not exceed 6 months.

  • The co-payment option is explicitly in the employment contract or collective agreement and has the worker’s full consent.


As an employer, you need to purchase a security bond for each non-Malaysian foreign worker you want to employ. You can buy the bond at any bank or insurance company.

You need to place a $5,000 security bond for each non-Malaysian Work Permit holder you want to employ. The bond is in the form of a banker’s or insurance guarantee to support the security bond. The bond is between you (the employer) and the Government of Singapore. It is used to ensure that both you and your workers comply with the conditions of the Work Permit. You cannot ask the worker to pay for the bond.


It is a policy that provides you with indemnity & financial protection for loss of or damage to your cargo during transit.


    This constitutes of goods in transit by:

  • Sea, air and land

  • As provided in the Institute Cargo Clause 


    It is ideal for:

  • Logistic companies on behalf of their customers

  • Freight forwarders on behalf of their customers

  • Other buyers and sellers engaged in international and/or local trade

    Marine Liability

  • Protection and Indemnity insurance

  • Hull & Machinery Insurance

  • Increased Value

  • War Risk


Protection and Indemnity insurance, more commonly known as "P&I" insurance, is a form of mutual maritime insurance provided by a P&I Club. Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I Club provides cover for open-ended risks that traditional insurers are reluctant to insure. Typical P&I cover includes: a carrier's third-party risks for damage caused to cargo during carriage; war risks; and risks of environmental damage such as oil spills and pollution.


The vessel's Hull & Machinery insurance is the vessel's primary insurance against physical damage to the vessel. The vessel is insured to its full value, whereby the insurance, depending on the extent of protection chosen, compensates total loss of the vessel, salvage, partial damages to one's own vessel, collision liability, ice damages (assumes ice class), engine-damage, and the vessel's contribution to general average. 


Increased Value Insurance is a cover against total loss of the insured vessel. A total loss of the vessel can put the ship-owner in a situation, where the hull value insured is insufficient to cover the costs for replacing the lost vessel. The increased value insurance makes it possible for the ship owner to replace the vessel and moderate the economic effects of a total loss. By taking out freight interest insurance the shipping company can safeguard itself against a long-term future loss of income, and in that way get cover for loss of income, which is excluded in the loss of hire insurance. The insured value of each insurance is normally a maximum of 25% of the hull & machinery insurance value. 


Hull & Machinery and Increased Value insurance do not include cases of damage as a consequence of war like hostilities, civil unrest, sabotage, terrorism, arrest, seizure etc. These risks are covered by War Risks Insurance, which is tailor-made and adapted to the vessel's other insurances. War risks insurance could make it possible for a vessel to operate in waters hit by unrest and normally excluded from insurance cover at an additional premium and to specially agreed terms


Industrial All Risks Insurance is a wider cover than traditional “standard fire and special peril insurance policy”.

it is an All-Risk policy covering a wide range of perils such as Fire and Perils, Burglary, Accidental Damage, Breakdown as well as Business Interruption.


Contractors' All Risks (CAR) insurance is an insurance policy that provides coverage for both damage to a property and third-party injury or damage claims. Contractors' all risk (CAR) insurance policies are considered non-standard insurance policies.

Construction projects typically involve two primary types of risk: damage to the property, and third-party claims of injury or damage. Damage to the property could include the structure not being properly constructed, or receiving damage during a renovation. Third-parties, including subcontractors, may become injured while working at the construction site. Contractors' all risk (CAR) insurance bridges these two risks into a common policy, and helps cover the gap between exclusions that would otherwise exist when using separate policies


This policy is designed to cover your machinery and equipment for the running of your business against physical loss or damage against unforeseen and sudden physical loss or damage from any cause other than those specifically excluded.

Plant and Equipment Cover can be provided for the types of equipment listed below (but not limited to):

• Tower Crane                       • Crawler Crane                       • Mobile Crane

• Forklifts and Telehandlers  • Aerial Access Equipment      •Roadmaking and Paving Machines
• Drilling Equipment              • Mining Equipment                 • Earthmoving Equipment


Inland marine insurance addresses the needs of many. Whether you are an excavation contractor, a property developer, a trucker or a specialty operator, our Contractor's Equipment Policy coverage can help to protect your business property in an ever changing market.

In the region, our focus industries are Transportation, Construction and Specialty (Bailee Care, Custody and Control, Communication, Entertainment, Equipment Finance, Leasing, Manufacturers).

The current product available is Contractor's Equipment Policy.

  • Transportation - Logistics providers, Shipyards, Port & Terminal Operators, Motor & Rail Carriers, Storage & Warehousemen

  • Construction - Building contractors, Excavation companies, Street & Road Contractors, Installation Companies

  • Specialty - Bailee Care, Custody and Control, Communication, Entertainment, Equipment Finance, Leasing, Manufacturers

AEROSPACE INSURANCE (Drones / Airside extension)

Aircraft insurance policies may provide coverage for a variety of different risks that an aircraft owner and operator may face. The policy may provide coverage for the personal items of passengers, as well as liability indemnification for the hangar that the aircraft is stored in. Insurance policies may provide for injuries sustained while operating the aircraft, the cost of emergency landings, as well as the costs associated with search and rescue operations

If you belong to any of this category, then Aerospace Insurance is catered for you.

  • General aviation companies

  • Aerospace product manufacturers and distributors

  • Aerospace facilities of all types.


Group Hospital & Surgical Insurance is a reimbursement plan which provides 24-hour worldwide medical protection for your employees. This plan helps to reduce the financial burden on the family in the event your employee or his covered family member is hospitalized.

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