At UOB Business Banking, we believe that using business insurance to manage operational risks is one of the best known risk transfer mechanism(s) in ensuring smooth business operations.
Through our partner, United Overseas Insurance Limited (UOI), we offer you Business Care - a specially-designed business insurance that provides coverage against accidents, losses and work injury compensation.
Why choose Business Care?
- Comprehensive insurance coverage tailored to meet your business needs
- Ease of application
- Fast approval on application
Scope of cover
- Fire & Extraneous Perils
Indemnify you against physical loss of or damage to your contents including stock-in-trade as a result of fire, lightning and other perils such as earthquake, flood, riot and strike, malicious damage and sprinkler leakage.
- Burglary
Indemnifies you for physical loss of your property or damage to your premises as a result of theft by forcible entry into your business premises.
- Money
Indemnifies you for loss of money kept within your business premises or whilst in transit anywhere in Singapore.
- Work Injury Compensation
Covers you for your legal liability towards your employees for injury or death in the course of their employment.
- Public Liability
Indemnifies you for legal liability for accidental bodily injury or property damage to third party arising out of the operation of your business.
- Glass
Indemnifies you for the breakage of fixed glass in your business premises.
- Business Interruption
Indemnifies you for loss of income as a result of physical loss of or damage to your properties covered by Fire & Extraneous Perils.
- Personal Accident
Pays the Insured Person or his/her estate for Death or Permanent Total Disablement arising from accident.
- Electronic Equipment
Pays for the cost of repairs to or replacement of the electronic data processing equipment caused by any unforseen and sudden physical loss or damage from any cause.
- Fidelity Guarantee
Indemnifies you for loss of money or property as a result of any act of fraud or dishonesty committed by an Insured Employee.
| |
Plan I |
Plan II |
| Cover |
Sum Insured/Limit |
Sum Insured/Limit |
Fire and Extraneous Perils
(contents and stock-in-trade only) |
S$50,000 |
S$100,000 |
| Public Liability |
S$1,000,000 |
S$2,000,000 |
Work Injury Compensation
(excluding proprietors/partners/directors) |
Up to 5 employees |
Up to 10 employees |
| Money (in transit and in premises) |
S$5,000 |
S$10,000 |
| Business Interruption |
S10,000 |
S$20,000 |
Personal Accident
(One Insured Person for Plan I and two Insured Persons for Plan II [under the age of 70 before expiry of the Policy]. The maximum sum insured for the same Insured Person is subject to a limit of S$300,000 if more than one policy is issued.) |
S$50,000 |
S$100,000 |
| Electronic Equipment |
S$10,000 |
S$20,000 |
| Fidelity Guarantee |
S$3,000 |
S$6,000 |
| Glass |
S$2,500 |
S$5,000 |
| Burglary |
S$10,000 |
S$20,000 |
|
