Etiqa Insurance PrimeShield Retail is designed specifically for small and medium sized businesses carrying out retail operations
Basic Cover
Section Interest Basic Sum Insured/Limit
All Risks (Excess: S$200 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
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 20 employees)
Goods In Transit On physical loss of and/ or damage to property S$2,000
Basic Cover Annual Premium (excluding GST) S$315
 
 
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 20 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%
   
For chain outlets, a one-time chain discount off the first premium is allowed:
Second Outlet - 5%
Third Outlet and Beyond - 10%
Excluded Businesses/Trades and/or Activities
Alcohol, wine & spirits, tobacco retailers
Art galleries, antiques, works of art, curios & furs, stamps & coins
Auto spare parts trading/battery & tyres dealers
Betting outlets
Building & construction materials/storage and sale of combustible goods
Chinese medical halls with acupunture, bonesetting etc practices
Computer components including integrated circuit chips
Glassware, chinaware, crystal, porcelain
Goldsmiths/Jewellers/Gems, silver, precious stones or metal retailers
Industrial hardware, paint and varnish retailers
Joss sticks, joss papers, candles, charcoal
Livestocks & pet shops, nurseries & landscaping
LPG and other flammable gas or liquid
Market stalls & shops/pushcarts/kiosks of all types
Monet changers/lenders/remittance offices
Pawnshops
Petrol stations, motor showrooms/workshops
Scrap metal, junk goods and second hand goods dealers
Sharksfin/bird's nest/abalone retailers
Telecommunication equipment retailers
Watches, cameras retailers
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 manual work outside of Insured's premises except for the purpose of delivery of goods only
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).
     
   

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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).

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