EASILY COMPARE BUSINESS INSURANCE OPTIONS THAT FIT YOUR NEEDS
GET CORPORATE INSURANCE COVERAGE FROM AS LOW AS S$50/MONTH PER EMPLOYEE
Tailor your quote to your business profession or tradeÂ
Compare and buy your business insurance online
An Otter-ly Simple Way to Compare CORPORATE INSURANCE
Simple Questions, Smart Quotes
Just answer a few quick questions about your company. We’ll do the hard work and find the interior designer for you.
Fast, Easy Comparisons
No more jumping between websites or firms. We’ll share your best personalised quotes from Singapore’s trusted interior design companies.
100% Free to Use
Our comparison service is completely free. Our goal is simply to help you find the best deal, with no hidden costs.
WHAT IS CORPORATE INSURANCE?
Corporate insurance protects your company from financial losses due to unexpected events such as property damage, employee injuries, lawsuits, or business interruption. Depending on your industry and needs, it can include public liability, work injury compensation (WICA), professional indemnity, commercial property, and cybersecurity insurance.
It helps safeguard your operations, reputation, and employees — and in some cases, it’s required by law (e.g. WICA for employees).
WHY SHOULD I INSURE MY BUSINESS?
Insuring your business protects you from unexpected risks like fire, theft, lawsuits, staff injuries, or cyberattacks — all of which can cause serious financial loss. In Singapore, certain coverages like Work Injury Compensation Insurance (WICA) are legally required if you have employees.
Â
Having business insurance also builds trust with clients, helps you stay compliant, and gives you peace of mind to focus on growth.
DIFFERENT TYPES OF CORPORATE INSURANCE
Work Injury Compensation Insurance (WICA)
Mandatory by law. Covers employee injuries or illnesses arising from work.
Public Liability Insurance
Protects your business against claims of third-party injury or property damage.
Professional Indemnity Insurance
Covers legal costs if you’re accused of negligence, errors, or omissions in your professional service.
Group Health Insurance
Includes outpatient, hospitalisation, and surgical benefits for employees.
Group Term Life Insurance
Provides financial protection to an employee’s family in the event of death or disability.
Cyber Insurance
Protects against losses from data breaches, cyberattacks, and IT system failures.
Commercial Property Insurance
Covers physical assets like office space, equipment, and inventory against damage or loss.
Business Interruption Insurance
Covers lost income and operating expenses during unexpected disruptions.
IS CORPORATE INSURANCE A LEGAL REQUIREMENT?
In Singapore, business insurance is not always mandatory, but certain types are legally required depending on your business setup.
✅ Legally Required:
Work Injury Compensation Insurance (WICA):
Mandatory for all employees doing manual work, and non-manual employees earning S$2,600/month or less. Covers medical expenses, lost wages, and compensation for work-related injuries or illnesses.
🚫 Not Mandatory (But Highly Recommended):
- Public Liability Insurance
- Professional Indemnity Insurance
- Group Health & Life Insurance
- Cybersecurity Insurance
- Property & Equipment Coverage
PROTECT YOUR BUSINESS WITH THE RIGHT COVERAGE
Get tailored corporate insurance quotes from trusted providers in minutes. Safeguard your team, operations, and future — all in one easy step.
WHAT DO I NEED TO COMPARE CORPORATE INSURANCE?
We only need a few details to get you a tailored corporate insurance quote to make sure you’re properly covered.
1. Details about your business
Your business address and what it does.
2. Employee information
How many permanent employees do you have, as well as temporary workers and contractors?
3. Your level of cover
Choose the amount of cover you need for public liability and legal expenses insurance. You can also add cover for tools, business equipment and stock.
4. Specific information about your business
We’ll ask a few specific questions to make sure we get quotes with exactly the cover you need.
5. Claims and legal disputes
You’ll need to tell us about any previous claims or ongoing legal disputes.
HOW TO GET A CHEAPER CORPORATE INSURANCE?
Here are tips that could help you to find cheaper premiums:
1. Pay annually to avoid monthly interest
2. Install extra security features around your business and on your business devices
3. Make sure your employees complete their mandatory health and safety training
4. Keep record of all assessments, procedures, and accounts to prove to insurers that your business is well run
5. Regularly assess the value of business’s contents to avoid overinsuring
6. Shop around for better deals by comparing multiple business insurance quotes at once
7. If you're part of a trade or professional body, check what insurance they offer — you might already be covered
FREQUENTLY ASKED QUESTIONS
Common types include public liability, professional indemnity, group medical, cybersecurity, property, and business interruption insurance.
Yes, most insurers offer customisable plans based on your industry, employee size, and business activities.
Freelancers may not be covered under WICA, but you should still have coverage like public liability or professional indemnity, especially for client-facing work.
Public liability covers bodily injury or property damage to third parties. Professional indemnity covers claims from negligence or mistakes in your professional services.
Use a comparison platform like Finspire to get multiple quotes from vetted and trusted providers in Singapore.
WANT TO READ MORE?
by Finspire
4 min read
by Finspire
5 min read
by Finspire
10 min read
Click Here For More Corporate Insurance Guide