| Section
|
Interest |
Basic
Sum Insured/Limit |
| 1. |
All
Risks
(Excess: S$200 each &
every claim except fire, lightning &
explosion) |
|
On
Contents including furniture, fixtures & fittings,
plate glass and stock in trade |
S$100,000
(option to increase up to
S$1m) |
| 2. |
Business
Interruption
(Time
Excess: 24 hours all claims) |
|
On
Total Interruption to business resulting from
loss or damage by perils insured as described
under Section 1 - All Risks (up to 100 days) |
S$200
per day
(option
to increase up to S$300 per day) |
|
| (a) |
In
Transit |
| |
|
| (b) |
In
Premises
(Sub-limit: S$1,000 in locked drawers/cabinets/cash
registers after business hours) |
|
(c)
|
In proprietor's/partner's/ director's residence
kept in locked drawers/safes after business
hours |
|
S$5,000
(option to increase up to
S$10,000)
S$3,000
(option to increase up to
S$10,000)
S$500 |
|
On
the life of (up to 2) named proprietor/partner(s)/
director(s) |
| |
| (a) |
Death/Permanent
Disablement |
| (b) |
Medical
Expenses |
|
| |
| |
| S$50,000
each |
S$500
each
(option to increase
to S$100,000 per person for Death/Permanent
Disablement) |
|
|
Your
business operation |
S$500,000
any one accident Unlimited any one period
(option to increase up to
S$2m) |
| 6. |
Workmen's
Compensation |
|
Up
to 4 employees |
As
per WC Act
(option to increase up to
20 employees) |
| |
On
physical loss of and/or damage to property |
S$2,000
|
Basic
Cover Annual Premium (excluding GST) S$280 |
|
You
may top-up your coverage in accordance with your specific
requirements and/or have your choice of Optional Covers,
available as follows:
OPTIONAL
COVER
| 1. |
Fire
and Extraneous Perils |
|
On
Building |
Up
to S$2m |
|
Up
to 20 employees |
| Minimum
Limit: |
S$5,000* |
| Maximum
Limit: |
S$10,000* |
| * |
any
one occurrence and in the aggregate
|
|
|
|
Special
Benefits - Renewal Loyalty and Chain Discounts
Subject to no claims on each renewal, the following
loyalty discount is allowed: |
|
1st
renewal |
10% |
|
2nd
and subsequent renewals |
20% |
| |
|
|
| For
chain outlets, a one-time chain discount off the first
premium is allowed: |
|
2nd
outlet |
5% |
|
3rd
outlet and beyond |
10% |
| Excluded
Businesses/Trades and/or Activities |
|
Alcohol,
wine & spirits, tobacco retailers |
|
|
Art
galleries, antiques, works of art, curios & furs,
stamps & coins |
|
|
Auto
spare parts trading/battery & tyres dealers |
|
|
Betting
outlets |
|
|
Building
& construction materials/storage and sale of combustible
goods |
|
|
Chinese
medical halls with acupuncture, bonesetting etc practices |
|
|
Computer
components including integrated circuit chips |
|
|
Glassware,
chinaware, crystal, porcelain |
|
|
Goldsmiths/Jewellers/gems,
silver, precious stones or metal retailers |
|
|
Industrial
hardware, paint and varnish retailers |
|
|
Joss
sticks, joss papers, candles, charcoal |
|
|
Livestocks
& pet shops, nurseries & landscaping |
|
|
LPG
and other flammable gas or liquid |
|
|
Market
stalls & shops/pushcarts/kiosks of all types |
|
|
Money
changers/lenders/remittance offices |
|
|
Pawnshops |
|
|
Petrol
stations, motor showrooms/workshops |
|
|
Scrap
metal, junk goods & second hand goods dealers |
|
|
Sharksfin/birds'
nest/abalone retailers |
|
|
Telecommunication
equipment retailers |
|
|
Watches,
cameras retailers |
|
| Excluded
Risks/Premises |
|
Risk
not situated in Singapore |
|
|
Premises
not of Class One construction |
|
|
Risk
with property kept in open or without perimeter fence
and/or security |
|
|
Risk
involving manual work outside of Insured's premises
except for the purpose of delivery of goods only |
|
|
Premises
occupied as hospitals, clinics and laboratories (Contagious
and Infectious Disease Extension is not applicable) |
|
| Major
General Exclusions applicable to all Sections |
|
Asbestos or any actual or alleged asbestos related injury
or damage |
|
|
Consequential
loss of any kind or description including penalties
or loss of contract |
|
|
Ionising
radiations or contamination by radioactivity |
|
|
Nuclear
weapons material |
|
|
Terrorism
except as provided under Section 1 - All Risks |
|
|
War
and kindred risks |
|
For more information, call us at Tel: 6336 0477 or email
us at csc@mabgen.com.sg
To download a copy of the brochure and the application form,
please click
here.
|