Why Choose Bizcare?
Scope of Cover*
Our plans are tailored specifically to support small businesses. Choose the extent of coverage best suited to your needs.
|Plan I||Plan II||Plan III|
|Cover||Sum Insured/ Limit||Sum Insured/ Limit||Sum Insured/ Limit|
|Fire and Extraneous Perils (contents and stock-in-trade only)||S$50,000||S$100,000||S$200,000|
|Increased Cost of Working||S$200 per day||S$200 per day||S$300 per day|
|Work Injury Compensation||Up to 5 employees||Up to 10 employees||Up to 20 employees|
|Nature of Business||Annual Premium inclusive of GST|
|(D) Light Industry||S$420.00||S$860.00||S$1,530.00|
1. Additional premium for Work Injury Compensation Insurance (maximum 30 employees) is available:
• Office/Service: S$20.00 per employee per annum
• Retail/Trading: S$30.00 per employee per annum
• F&B: S$40.00 per employee per annum
• Light industry: S$50.00 per employee per annum
2. Additional S$50.00 for each block of S$100,000 sum insured for Fire & Extraneous Perils, up to a total sum insured of S$1,000,000
3. Premium quoted is inclusive of prevailing GST
BizCare will cater for most of types of businesses in the “small business” segment, with the following exceptions: Explosives, furnace and kiln, spray painting, woodworking, containers and paper boxes, foams and plastics, flammable and hazardous products, joss sticks and incense paper, motor and repair workshops, jewellery and timepieces, antiques, collections, coins and currency notes, work of arts, sculptures, stamps, precious stones/metals, livestock, paints and varnish, nurseries and landscape, money changers, pawn shops, petrol stations.
This list is not exhaustive. UOI reserves the right to exclude any other businesses or activities that are not stated in the list.
How to Apply
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*Please refer to the applicable policy contract for the full details of the terms, conditions and exclusions of this insurance product.
IMPORTANT NOTICE AND DISCLAIMER
The above is provided for general information only and is not a contract of insurance. Full details of the terms, conditions and exclusions of this insurance are provided in the policy contract and will be sent to you upon acceptance of your application by United Overseas Insurance Limited (“UOI”). You may wish to seek advice from a qualified adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a qualified adviser, you should consider carefully whether this product is suitable for you. United Overseas Bank Limited (“UOB”) does not hold itself out to be an insurer, insurance broker or insurance agent. The insurance products and services stated herein are provided by UOI.
BizCare may only be purchased by selected customers of the Business Banking segment of UOB.
While all information provided herein is believed to be correct and reliable at the time of publishing or posting online or, where applicable, printing, UOB and UOI makes no representation or warranty whether express or implied, and accepts no responsibility or reliability for its completeness or accuracy.
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)
United Overseas Bank Limited Co. Reg. No. 193500026Z
United Overseas Insurance Limited Co. Reg. No. 197100152R
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