BizTrenZ SERVICE

BizTrenZ SERVICE

BizTrenZ SERVICE caters to businesses which render professional and/or personal services such as clinics, showrooms, slimming centres, spas, massage parlors, foot reflexology, fitness centres, hair & beauty saloons, manicures & pedicures, laundry & dry cleaning, bridal studio, photographic studio and other related businesses.

Policy Highlights

  • Option of Fire & Extraneous Perils Cover (Standard Plan) or All Risks Cover (Enhanced Plan).
  • Competitive & Affordable Premium.
  • Comprehensive Coverage.
  • Ease of Application.

Sections Highlights

Fire & Extraneous Perils

  • First Loss Sum Insured of up to $125,000.
  • Optional Coverage for Building Structure at additional premium.
  • Automatic increase of Sum Insured for your stock in trade by 20%, up to a maximum additional limit of $125,000 for 7 days preceding and 7 days immediately after the first day of Chinese New Year, Hari Raya Puasa, Deepavali and Christmas Day.

All Risks

  • Plate Glass Coverage up to 5% of Sum Insured or $50,000 whichever is lower.
  • Inclusion of FULL THEFT Cover up to $50,000.
  • Automatic increase of Sum Insured for your stock in trade by 20%, up to a maximum additional limit of $125,000 for 7 days preceding and 7 days immediately after the first day of Chinese New Year, Hari Raya Puasa, Deepavali and Christmas Day.
  • Covers photographic equipment (if any) used in connection with your business up to S$1,000 any one item, subject to an overall maximum limit of 10% Sum Insured.

Business Interruption

  • Choice plan comes with a standard $200 daily benefit up to a maximum period of 100 days in the event of any interruption or interference as a result of the closure the whole premises resulting from loss of or damage by a loss covered in either Section 1(A) or 1(B).
  • Infectious or Contagious Disease Extension.
  • Failure of Electricity Supply Extension.

Burglary

  • Inclusion of FULL THEFT Cover up to $50,000 or Sum Insured whichever is lower.
  • Snatch Theft Extension.

Money

  • Loss or damage to Safe, Drawers, Cabinets and Cash Registers up to a limit of $500.
  • Inclusion of Personal Accident Benefit Cover for 2 Authorised Employees at $10,000 each.
  • Maximum limit any one loss is automatically increased by 50% up to $5,000 for 7 days preceding and 7 days immediately after the first day of Chinese New Year, Hari Raya Puasa, Deepavali and Christmas Day.

Work Injury Compensation

  • Personal injury sustained by your employees during mealbreaks within the Republic of Singapore.

Public Liability

  • Advertising & Neon Signs Extension.
  • Guests Effects Coverage.
  • Tenant's Liability Extension.

Personal Accident

  • Funeral Expenses up to $1,000.
  • Hospital Bonus of $200.
  • Medical Reimbursement for Chinese Physicians/Acupunturists/Bonesetters Consultation up to $200.

Plate Glass

  • All Risks Cover for Accidental Breakage.
  • Plate Glass includes fixed glass in Windows, Doors, Partitions, Shopfronts and Showcases.

Fidelity Guarantee

  • Covers up to 2 Named Employees in the Proposal Form.
  • Automatic Reinstatement of Limit of Guarantee.
PREMIUM & SUM INSURED (SGD)
SECT COVERAGE STANDARD (FIRE & EP) ENHANCED (ALL RISKS) ADDITIONAL COVERAGE PREMIUM RATE
BASIC SUM INSURED / LIMIT BASIC SUM INSURED / LIMIT
1 (A) Fire & Extraneous Perils $125,000 COVERED Up to $1,000,000 0.055%
1 (B) All Risks (excess $200 each & every loss except fire lightening & explosion)
  • Plate Glass up to 5% of Sum Insured or $50,000, whichever is lower
  • Full Theft Cover up to $50,000
NOT APPLICABLE $125,000 Up to $500,000 0.225%
2 Business Interruption (Up to 100 days)
  • Loss of Income / Increase Cost of Working
$200 per day $200 per day Up to $300 per day  $15 per $100
3 Burglary
  • Inclusion of Full Theft Cover up to $50,000 or the Sum Insured, whichever is lower
$25,000 COVERED Up to $250,000 0.15%
4 Money
a) Money in Transit – Anywhere in Singapore $3,000 $3,000   Up to $7,000 0.75%

b) Money in Premises

  • Subject to a sub-limit of $3,000 in locked drawers / cabinet / cash registers after business hours
$3,000 $3,000 Up to $7,000   0.50%
5 Work Injury Compensation Up to 4 Employees (Both indoor and outdoor) Up to 4 Employees (Both indoor and outdoor) Up to 6 employee(s) $50 per employee
6 Public Liability $500,000 AOA / AOP UNLIMITED $500,000 AOA / AOP UNLIMITED Up to $500,000 $15 per $100,000
7 Personal Accident – Anywhere in Singapore
On the life of named proprietor / partner(s) / director(s) Up to 2 Persons Up to 2 Persons Additional Person(s) $30 per person
a) Death / Permanent Disablement $50,000 each $50,000 each
b) Medical Expenses $500 each $500 each
8 Plate Glass $2,500 COVERED Up to $7,500 0.75%
9 Fidelity Guarantee (Limit $2,000 any one occurrence and in the aggregate) Up to 2 Named Employee(s) Up to 2 Named Employee(s) Up to 6 Named Employee(s) $15 per employee
                                              OPTIONAL COVERAGE WITH ADDITIONAL PREMIUM
1 (A) Fire & EP on building (excluding foundation) Up to $2,000,000 0.055%
  ANNUAL PREMIUM (Before GST) STANDARD $327 ENHANCED $373  ADDITIONAL PREMIUM

Excluded Trades / Businesses /Activities / Premises

  • Infant/child care centres
  • Air-conditioning services/cleaning services/pest control services
  • Investigation sevices/security services firms
  • Betting Centres
  • Bars/discotheques/nightclubs/karaoke lounges and pubs
  • Massage Parlors (unless accredited member of Spa Association Singapore)
  • Arcade games and billard centres
  • All cosmetic and corrective surgery or treatment involving but not limited to laser, tattoos, oral medication, injections, implants, body piercing, etc.
  • Water / Outdoor sports courses
  • Martial Arts courses
  • Driving courses
  • Container offices
  • Premises not of brick/concrete construction or premises in open or without perimeter, fence or security
  • Breach of professional duties as a result of any error or omission committed or alleged to have been committed or negligent act committed by you or any person under your employment

 

Questions Relating to other Products?

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For More Information

  • Sales Enquiry:
    Fiona Leow at +65 6389 6165 | Ng Siaw Ling at +65 6389 6225 | Angela Koh at +65 6389 6219
  • Email:
    This email address is being protected from spambots. You need JavaScript enabled to view it.

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