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STARTUP & SME BUSINESS INSURANCE PACKAGE
BLACAZ. knows that small business needs are simple and require insurance that gives comprehensive coverage yet is fast, affordable, and easy t.
That is why we have introduced Startup & SME Business Insurance Package to fulfill all your insurance needs instantly, online.
SME Health And Employee Benefits
Country
Insurance for
Type of workplace
Office
Saloon
Restaurant
Medical Clinic
Shop
Starts from
S$906
/year
Book a Meeting
Customize & Buy

Our Plans

RECOMMENDED
Basic
outstanding value
Standard
outstanding value
RECOMMENDED
Premium
outstanding value
Select Your Corporate Health Package
Annual Premium From (per PAX)
S$181.90
Annual Premium From (per PAX)
S$288.90
Annual Premium From (per PAX)
S$444.90
Consultation and Tests
S$10 per visit
Covered in full
Covered in full
Singapore Polyclinic/Public Clinic
Covered in full
Covered in full
Covered in full
Consultation and Tests
-
S$4,000 per year
S$4,000 per year
Post Cancer Treatment
S$10, 000 per policy year
S$20, 000 per policy year
S$75, 000 per policy year
Nursing at Home
-
-
Covered in full
Physiotherapy
-
S$500 per year
S$750 per year
What is Startup & SME Business Insurance Package?
Startup & SME Business Insurance Package is a flexible multi-line insurance solution for small and medium-sized Singapore businesses. It is designed to reduce your liability as a CEO, CFO, HR, or Entrepreneur for less than it would cost to buy these policies separately.
The standard coverage includes the following benefits:
All Property Risk
Covers accidental loss or damage to your personal properties on-premises. Also includes burglary even without forcible/violent entry.
Public Liability
Covers legal costs and compensation payments for injury or property damage to a client, contractor, or another member of the public.
Personal Accident
Covers the insured employees for accident-related injuries, death, and permanent disabilities.
Work Injury Compensation (Optional)
Covers work-related injuries or diseases without having to file a civil suit under common law.

FAQs - SME Business

Find the replies to your questions right below or connect with us!
Who needs SME Business Insurance Package?

Startup & SME Business Insurance Package is highly recommended to all SME owners with less than $10 million in annual revenue and fewer than 50 employees.

This policy is suitable for business owners who are looking for straightforward coverage against the most common risks that any startup or SME is exposed to in day-to-day operations.

Startup & SME Business Insurance Package is the right policy for you if you fit into the following profile:

  1. Your company size is less than 50 employees
  2. Your company generates less than $10 Million in annual sales
  3. Your business has a physical location where most of your operations are conducted

If the above statements describe your business, the Startup & SME business insurance package is an essential buy for your business.

Why Do You Need an SME Business Insurance Package?

A common mistake that business owners do is estimate the need of buying business insurance based on the size of their business. They believe to invest in insurance once their business expands. However, they forget to account for the unforeseen events that are very natural to happen in the lifecycle of any business resulting in financial losses.

Small businesses are restricted with less cash flow and in a scenario paying for a lawsuit without insurance or repairing their office due to accidents will put a financial burden on their operations. Startup & SME Business Insurance Package works as financial support and relief for such unexpected circumstances.

Startup & SME Business Insurance Package makes handling claims easy for business owners as they have to maintain just one policy under which they can enjoy multiple coverages.

What is covered under SME Business Insurance Package?

Startup & SME Business Insurance Package will cover the most common risks that any business is exposed to while running day-to-day operations. With broad cover for property and liability exposures, including optional WICA cover, BLACAZ. Startup & SME Business Insurance Package serves as the foundation for your small business insurance portfolio irrespective of the industry.

Let’s take a deeper look into what those specific insurance policies cover:

All Property Risk: Covers accidental loss or damage to your personal properties on-premises. Also includes burglary even without forcible/violent entry.

Public Liability: Covers legal costs and compensation payments for injury or property damage to a client, contractor, or another member of the public

Personal Accident: Covers the insured employees for accident-related injuries, death, and permanent disabilities.

Work Injury Compensation (Optional): Covers work-related injuries or diseases without having to file a civil suit under common law.

What is not covered under SME Business Insurance Package?

A Startup & SME Business Insurance Package provides standard coverage against the most common risks. However, for more complex risks you will be required to extend the Startup & SME Business Insurance package with a few other policies to provide maximum protection depending on the nature of your business operations.

Professional Indemnity Insurance, Directors Liability Insurance, and Cyber Insurance are some of the vital insurances that are recommended to protect your financial assets but are not included in the Startup & SME Business Insurance Package.

How is the SME Business Insurance package offered by BLACAZ. better than other insurers?

Startup & SME business insurance package is quite standard across all insurers in terms of coverage. However, BLACAZ. makes a difference by providing a rich buying experience and unmatched customer support throughout their insurance journey.

BLACAZ. also provides some additional benefits which are rare to find in the traditional insurance process:

  1. Get instant coverage with a completely online process
  2. Enjoy 10% lower premiums from other insurers providing similar coverage
  3. Take your pick from our 3 packages customized for SMEs:
    • Starter package starting from S$136 annually 
    • Essential packages starting from S$216 annually
    • Premium package starting from S$332  annually
How much does Business Insurance Package for small businesses cost in Singapore?

Our instant price estimator tool can give you a quick estimate on how much our Startup & SME Business Insurance Package will cost. You can find the tool at the top of our website.

With the digital operating model, BLACAZ. generates lower overheads and passes the savings from unnecessary administration on to you. This enables us to offer the most competitive price in the market.

What should you do to file claims?

BLACAZ. provides superior customer support throughout your insurance journey including claims process. BLACAZ. will liaise with the insurance partners to help file claims on your behalf so that you can enjoy a seamless experience. Our insurance experts are competitive and we boast a 80% success rate for resubmission of claims.

Other Corporate Products
Find the replies to your questions right below or connect with us!
Professional Indemnity
No frills, just expertise, transparency and common sense. We've got you covered.
Corporate Health
We cover your employees health expenses and boost the attractiveness of your company.
Cyber Risk Insurance
We cover large-scale breaches, business interruption, ransomware, and other types of cyberattacks.
Learn More

Connect with a Professional

An unanswered question? Need expert advice?
Choosing the right insurance is not always easy, don't hesitate to contact us,
we are here to help you.
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