Coverage Type
Business Protection
Best For
SMEs & Startups
Key Benefit
Risk Mitigation
Corporate insurance protects your business from operational risks, keyman loss, and liability exposures. Keyman insurance specifically covers the financial impact of losing critical personnel. Proper corporate coverage ensures business continuity through unexpected events.
Business owners and shareholders who need to protect their business from key risks.
Corporate insurance protects your business from operational risks, keyman loss, and liability exposures. Keyman insurance specifically covers the financial impact of losing critical personnel. Proper corporate coverage ensures business continuity through unexpected events.
Singapore businesses face various risks: property damage, liability claims, cyber threats, and keyman loss. Work Injury Compensation insurance is mandatory for manual workers. Many other coverages are optional but essential for business protection.
Important factors to understand before making decisions.
Value keyman based on revenue contribution, replacement cost, or profit impact. Typically 5-10x annual contribution.
Covers lost income during business disruption. Critical for businesses with fixed costs.
Covers data breaches, ransomware, and cyber liability. Increasingly essential.
Practical advice from our years of experience helping businesses.
Keyman insurance should cover 5-10x the person's annual contribution to business value
Business interruption insurance is often overlooked but critical for fixed cost businesses
Cyber insurance is increasingly essential - data breaches can be catastrophic
Work Injury Compensation is mandatory for manual workers - ensure compliance
Review coverage annually as business operations change
Consider Directors & Officers liability insurance for protection against personal liability
Insurance on key individuals whose loss would significantly impact the business. Payout helps business survive the disruption and find replacement.
Generally yes, insurance premiums for business protection are deductible business expenses.
Calculate the financial impact of losing the keyman - lost revenue, replacement costs, loan obligations. Typically 5-10x annual contribution.
Get a corporate insurance review. Our advisors are here to guide you through every step.
Every business decision impacts your overall financial strategy