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| Etiqa Insurance Prime Shield Light Industries is designed specifically for small and medium sized businesses carrying out manufacturing and assembly of goods and/or storage of own goods in a light industrial building designated for such operations. |
| 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) |
| (c) In proprietor's/partner's/director's residence kept in locked drawers/safes 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 |
| 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 |
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| You may top-up your coverage in accordance with your specific requirements and/or have your choice of Optional Covers, available as follows: |
| 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: |
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First Renewal - 10% |
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Second and Subsequent Renewals - 20% | |
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Excluded Businesses/Trades and/or Activities
Premises occupied for the manufacturing, assembly, trading or storage of: |
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Alcohol, wine & spirits, tobacco |
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Antiques, works of art, curios & furs, stamps & coins |
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Batteries & tyres, paint & varnish, scrap metal & other junk goods, paper, paper board boxes, timber & wood products including woodworking, rattan or related activities |
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Blasting, smelting or other operations involving hazardous activities |
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Contractors or any trade (including demolition of structures, piling works, scaffolding, painting and the like) |
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Glass |
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Integrated circuit chips, computer components, telecommunication & photographic equipment |
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Jewellery, gems, precious stones/metals, watches |
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Joss sticks, joss papers & candles, charcoal, fireworks & other explosive goods |
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Logistics, transportation & freight forwarders |
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Metal stamping |
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Motor repair workshops & showrooms |
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Oil, kerosene, petroleum, LPG & other flammable liquid & gases, chemicals (flammable, toxic or explosive) |
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Plastic, rubber, foams and mattress & beddings, fabric, garments & textiles |
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Sharks’ fin/ bird's nest/ abalone/ chinese herbs |
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Spray painting, plastic moulding, use of furnace or kiln |
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Work on board vessels, offshore works, ship building and/ or ship repairing activities | |
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| Excluded Risks/Premises |
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Risk not situated in Singapore |
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Premises not of Class One construction |
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Risk with property kept in open or without perimeter fence and/or security |
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Multi-tenanted premises |
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Premises occupied as hospitals, clinics and laboratories (Contagious and Infectious Disease Extension is not applicable) | |
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| Major General Exclusions applicable to all Sections |
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Asbestos or any actual or alleged asbestos related injury or damage |
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Consequential loss of any kind or description including penalties or loss of contract |
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Ionising radiations or contamination by radioactivity |
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Nuclear weapons material |
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Terrorism except as provided under Section 1 - All Risks |
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War and kindred risks | |
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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 | |
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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). |
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Connect with us
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You can see one of our 23,000 agents around the country or call our Etiqa Oneline call centre at
1300 13 8888 (for Malaysians only).
For our international branches, please contact:
Singapore : +65 6336 0477
Brunei : +673 244 3393
Labuan : +60 87 417 672
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Locate our branches
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Walk-in to any of our branches around Malaysia to make a claim, enquire or purchase our insurance and takaful plans. Find a branch that is nearest to you
here
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