MSIG Commercial Business Package
MSIG Insurance (Singapore) is a subsidiary of MSI and a member of the MS&AD Insurance Group and has a presence in Singapore for over 100 years. Their financial capacity is buttressed by their parent company, Mitsui Sumitomo Insurance Company (MSI).
MSIG Singapore is also a member of the MS&AD Group, one of the world’s largest general insurance groups with operations in more than 40 countries, 18 in Asia and Oceania. This enables them to leverage on extensive group wide expertise and synergies, including that of MS Amlin, the second-largest Lloyd’s syndicate, which the Group acquired in 2015 to underwrite special risks, and that of First Capital Insurance Limited of Singapore, which was successfully acquired in late 2017.
MSIG Singapore is also a member of the MS&AD Group, one of the world’s largest general insurance groups with operations in more than 40 countries, 18 in Asia and Oceania. This enables them to leverage on extensive group wide expertise and synergies, including that of MS Amlin, the second-largest Lloyd’s syndicate, which the Group acquired in 2015 to underwrite special risks, and that of First Capital Insurance Limited of Singapore, which was successfully acquired in late 2017.
Key Coverage Highlights
Class of Insurance
Office
F&B
Retail
Property All Risks
Up to $2,000,000
Up to $2,000,000
Up to $2,000,000
Daily Cash for BI (up to 100 days)
Up to $750 per day
Up to $750 per day
Up to $750 per day
Public Liability
Up to $5,000,000
Up to $5,000,000
Food Poisoning Cover up to $250,000
Food Poisoning Cover up to $250,000
Up to $5,000,000
Work Injury Compensation
Up to 20 employees
Up to 20 employees
Up to 20 employees
Money (In Transit & Premises)
Up to $30,000
Up to $30,000
Up to $30,000
Eligibility Requirements
- There had not been any claims to date for the last 3 years.
- There had not been past Insurers refusing to give cover, renew or imposed any special terms.
- The premises are constructed of brick, tile, concrete or non-combustible materials.
- The premises have firefighting measures and meets minimum SCDF requirements including fire extinguishers and hose reels.
- All entrances to the premises are protected with roller shutter/glass door/iron grilles/padlock and are securely locked after operating hours.
- The premises is not used as storage, warehouse, manufacturing operations and/or any manual activities.
- The premises is solely occupied by your entity and not shared with other tenants.
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