General Insurance
Everything outside of Life Insurance can fall under General Insurance. While Life Insurance protects against extremely unfortunate events such as death, critical illness, and permanent disability, General Insurance provides coverage for other aspects and assets in a person’s life. This includes home, motor, travel, fire, accidents etc. Everyone needs a certain level of insurance to mitigate the consequences of certain risks, the list can go on. Several common general insurance policies are listed below.
Coverage
Travel
Provides coverage for medical expenses incurred overseas, emergency medical evacuation and repatriation, loss of baggage, delay or cancellation of flights, etc. Currently, medical coverage for Covid-19 is compulsory for travel.
Personal Accident
As the name implies, it covers anything that occurs as a result of an accident. These include death, disability, and medical expenses.
Home
Protect against natural disasters, fire, theft, and other event that leads to the loss or damage of your personal property.
Motor
Comprehensive motor policies cover both parties involved in accidents, whereas third-party policies only provide coverage to the external party. Motor insurance is compulsory in Singapore.
Commercial
Professional Indemnity
Protect against alleged claims of negligent services or advice that result in loss to clients.
Public Liability
Protect against unfortunate events like bodily injury or property damage to third parties that occur in your office premises.
Infrastructure Insurance
Protect the assets owned by your company, e.g. buildings, vehicles, goods, etc.
Business Interruption
Provide compensation for your loss of income during periods where business operations are affected due to unexpected events, e.g. flooding.
Data Protection
Insure against secure breaches, network failures, and other online risks that businesses might suffer after a cyber attack.
Director’s & Offices Liability
Provide personal financial protection for directors and officers of the company in the event of a claim made against them.
Schedule a Consultation
It may be difficult to decide on exactly what coverage you need. Schedule an appointment and we can review and assess what would be the optimal protection for you and your family.
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