eTiQa Insurance & Takaful

Etiqa Insurance Prime Shield Food & Beverage is catered specially for small and medium sized businesses carrying out food and beverage operations either for outlets with (i) 10 or less or (ii) 30 or less seating capacity.

Basic Cover

Section

Interest

Basic Sum Insured/Limit

All Risks (Excess: 1% of loss minimum S$500 each & every claim except fire, lightning & explosion)

On Contents including furniture, fixtures & fittings, plate glass and stock in trade.

S$100,000
(option to increase up to S$1m)

Business Interruption
(Time Excess: 24 hours all claims)

On Total Interruption to business resulting from loss or damage by perils insured as described under Section 1 - All Risks (up to 100 days)

S$200 per day
(option to increase up to S$300 per day)

Money

(a) In Transit

(b) In Premises
(Sub-limit: S$1,000 in locked drawers/cabinets/cash registers after business hours)

S$5,000
(option to increase up to S$10,000)

S$3,000
(option to increase up to S$10,000)

S$500

Personal Accident

On the life of (up to 2) named proprietor/partner(s)/ director(s)
(a) Death/Permanent Disablement

(b) Medical Expenses

S$50,000 each

S$500 each
(option to increase to S$100,000 per person for Death/Permanent Disablement)

Public Liability

Your business operation

S$500,000 any one accident Unlimited any one period
(option to increase up to S$2m)

Workmen Injury Compensation

Up to 4 employees

As per WIC Act
(option to increase up to 15 employees)

Goods In Transit

On physical loss of and/ or damage to property

S$2,000

Basic Cover Annual Premium (excluding GST) S$335 (outlets with 10 or less seating capacity)

Basic Cover Annual Premium (excluding GST) S$445 (outlets with 30 or less seating capacity)

You may top-up your coverage in accordance with your specific requirements and/or have your choice of Optional Covers, available as follows:

Optional Covers
Fire and Extraneous Perils	On Building	Up to S$2m
Fidelity Guarantee	Up to 15 employees	Minimum Limit: S$5,000* Maximum Limit: S$10,000* * any one occurrence and in the aggregate

Special Benefits - Renewal Loyalty and Chain Discounts Subject to no claims on each renewal, the following loyalty discount is allowed:
•	First Renewal - 10%
•	Second and Subsequent Renewals - 20%

Subject to no claims on each renewal, the following loyalty discount is allowed:
•	Second Outlet - 5%
•	Third Outlet and Beyond - 10%

Excluded Businesses/Trades and/or Activities Premises occupied for the manufacturing, assembly, trading or storage of:
•	Bars & Discotheques
•	Coffee shops/food courts
•	Floating Restaurant
•	Hawker & Market stalls, pushcarts & mobile kiosks of any type
•	Nightclubs, karaoke lounges & pubs
•	Pure catering services

Excluded Risks/Premises
•	Risk not situated in Singapore
•	Premises not of Class One construction
•	Risk with property kept in open or without perimeter fence and/or security
•	Risk involving motorcycling delivery services
•	Premises occupied as hospitals, clinics and laboratories (Contagious and Infectious Disease Extension is not applicable)

Major General Exclusions applicable to all Sections
•	Asbestos or any actual or alleged asbestos related injury or damage
•	Consequential loss of any kind or description including penalties or loss of contract
•	Ionising radiations or contamination by radioactivity
•	Nuclear weapons material
•	Terrorism except as provided under Section 1 - All Risks
•	War and kindred risks

For more information, call us at Tel: 6336 0477 or email us at customer.service@etiqa.com.sg
To download a copy of the brochure and the application form, please click here

Policy Owners’ Protection Scheme

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA / LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).