Fire Insurance
Business can be severely impacted when fire, lightning and other natural perils which can seriously damage your properties.

A comprehensive policy like NTUC Income’s Fire Insurance Policy insures your business properties from physical loss and damages by fire and lightning.

Extraneous perils like riots and strikes, malicious damage, explosion, aircraft damage, impact damage, bursting and overflowing of water pipes, flood, earthquake, volcanic eruption, hurricane, cyclone, typhoon and windstorm are covered under the NTUC Income’s Fire Insurance with no additional charges.

The following interest can be taken up by the insurance:

• The building
• Furniture, fixtures and fittings
• Office equipment
• Stock in trade
• Rent

Fire Consequential Loss (Business Interruption Insurance)
Loss of business and profits and additional expenses in overtime pay, plus hiring more staff and fixed costs like wages and mortgage payment can be some consequences at any event of a fire, loss not restricted to property or stock.

Earnings losses and extra expense incurred into your business could be protected with NTUC Income’s Fire Consequential Loss policy as a result of fire or an extraneous peril.

Theft (or Burglary) Insurance
With NTUC Income’s Theft Insurance, your business can be protected from the risk of theft and burglary as it indents you for properties stolen from your business premises and damages to property following after a theft or burglary.

The following interests can be taken up by the insurance:

• Stock in trade
• Plant and machinery
• Furniture & office equipment

Compensation of Workmen
Employees have to be fully insured by their employers under the Workmen’s Compensation Act defined as that ‘workmen’ are liable to be paid if they get injured during the course of the job.

The covers of employees under the compulsory Workmen’s Compensation are:

• Manual workers/ employees regardless of his total monthly salary
• Non-manual workers/ employees with pay not exceeding $1,600 per month.

As an employer, NTUC Income’s Workmen’s Compensation Insurance is provided for you to insure your employees against any bodily injuries, occupational disease or death during and out of the course of employment. Legal liability at Common Law for accidents is also covered for accidents cue to your negligence as an employer.

Money Insurance
To all thieves and burglars, money would be the most attractive commodities to take because of its face value. And because, they too are easily destroyed by fire, therefore, the loss of money can be covered by NTUC Income’s Money Insurance whilst:

• Transition of money between insured’s business premises, banks and post offices within Singapore
• Money that is kept in a locked safe, drawer, strong room, cash registers and/ or bills in the insured business premises.

Public Liability Insurance
Bodily injuries caused or damages to property of a third party such as your suppliers, customers or members of the public will be held legally liable against you in the course of your business as a result of negligence.

Protection is thus provided to you with NTUC Income’s Public Liability Policy for any of your legal liabilities to the third party if he or she claims for physical damages or damages to property or personal injury caused by any act of negligence. Legal costs and expense incurred are also covered by the insurance.