The word “fidelity” means the “faithful or loyal performance of duty by the employee”. Losses arising from dishonesty or disloyalty of the employee (s) can be insured against. Fidelity Guarantee Insurance is an undertaking by the Insurer to make good any financial loss incurred by you resulting from fraudulent or dishonest acts of your employees. You can cover loss of money or goods.

Hesitate no more. Call us for more information.

With an investment of a small premium you can have complete peace of mind.

Liability Insurance, sometimes known as third party insurance, protects the insured against the financial consequences of being sued by a third party as a result of negligent conduct on the part of the insured. The negligent act may be one that causes personal injury, death or property damage. Liability for negligence may result not only from the conduct of the insured, but also from the conduct of his or her agents and employees.

Various acts of negligence can arise in connection with a wide variety of private and commercial activities, such as the conduct of a business and the ownership or occupancy of property.

A general liability policy insurance provides for the claims settlement, the defence of lawsuits brought against the insured including the payment of judgment sums up to the limits specified in the policy. The insured’s cooperation and assistance is required in the defence of the claim.

BAILEES LIABILITY

Insures against Legal Liability of a carrier of goods for reward for loss or damage to goods in their care custody and control.

ERRORS AND OMISSION INSURANCE

Insures against loss of others resulting from a wrongful act in the discharge of their duties on behalf of the organisation.

PRODUCTS LIABILITY

Insures against Legal Liability of manufacturers or merchants from defective products that cause injury or death to the purchaser.

PROFESSIONAL INDEMNITY

Insures against legal liability of professionals like Lawyers, Doctors, Architects etc for losses arising from any error or omission in rendering their professional services.

PUBLIC LIABILITY

Insures against Legal liability to third parties for loss of or damage to their property arising out of the insured’s business operations.

This Policy covers your machinery which is necessary for the running of your business against unforeseen and sudden physical loss or damage from any cause other than those specifically excluded.

Have you ever wondered what will happen if someone snatched away your cash you received from your customers while you were on the way to the bank OR discovered your safe and cash box emptied when you first step in the office early in the morning!

Money Insurance cover the loss of Money by any cause and the cost of repair or replacement of the safe or strong room directly associated with the theft or attempted theft there from.

Money will include your cash, bank and currency notes, cheques, money order, postal order and postal stamps related to your business.

Glass is very widely used in our buildings nowadays. It can also be costly especially it is tinted, embossed with lettering or designs on the glass, or more so when it is specially treated for commercial use. Breakage of it can result in considerable replacement cost.

You can purchased a Plate Glass Insurance to cover your loss should there be any accidental breakage to the glass and the claim is normally on a replacement basis.

The Tokio Marine Insurance Singapore Ltd Theft Policy protects your business against loss due to property stolen from your premises. As such, you don’t have to worry that you need to incur additional capital to put your business back to its present position.

You can purchase a Theft Policy to cover your stock in trade, office equipment, plant and machinery and whatever contents you have for your business.

Important points to note for the Theft Insurance are:

1. The property must be in the premises described in the Policy and not in the yard or outbuilding. Property temporarily removed from the premises is not covered;

2. There must be forcible and violent entry into or out of the premises;

3. Loss or damage to property by thieves is covered, as well as damage caused to the premises by thieves breaking into or out of the premises or any attempt thereat.

The sum insured can be either on a:

• Full Value Basis
  Maximum full value of the property to be insured;

• First Loss Basis
  Maximum amount thieves are expected to be able to get away with.

Construction activity in Singapore is a common sight. We offer comprehensive and adequate protection against loss of or damage to the contract works, construction plant and equipment and third party claims.
The Contractors’ All Risks policy provides All Risks cover to Contractors & Developers for structures or buildings in the course of construction. Plant and machinery on site belonging to the contractors can also be covered. Contractors may also incur liabilities to members of the public causing death, injury or damage. This can also be covered.

All plant & machinery are susceptible to damage regardless of the quality of its manufacture or maintenance. This is especially so for plants and machinery at work sites. Damages can be expensive and also cause downtime in projects.

All types of site machinery and equipment can be insured under the Contractors Plant & Machinery insurance. Some examples are mobile cranes, tower cranes, tractors, drilling rigs, batching plants, compressors and concrete mixing plants.

The policy provides comprehensive cover for any unforeseen and sudden physical loss or damage from any cause not specifically excluded.

We live in an age where technological innovation is taking place rapidly. All forms of electronic equipments & gadgets invade our daily lives. The most common form is the mobile telephone, which is relatively easy, and economical to replace when lost or damaged. However, the costs can be enormous if the Data Processing Equipment in an office or factory breaks down or is damaged by fire. The consequences can be grave.

Practically all systems consisting mainly of electronic components can be insured under an Electronic Equipment policy.

The Electronic Equipment Insurance policy provides ‘All Risks’ cover for damage to the electronic equipment. It can also be extended to cover the cost of reconstructing data files and program as well as additional costs incurred when making use of alternative facilities in order to avoid business interruption after physical loss to insured items.

Provides All Risks cover to Contractors and Developers for machinery and equipment and steel structures like bridges in the course of erection. Contractors’ plant & machinery on site can also be covered. Contractors may also incur liabilities to members of the public causing death injury or damage. This can also be insured.

Machinery Insurance is important for everyone who operates machinery, not only for large Industrial Enterprises using large units or fully automated plants but also for medium-sized and small enterprises where a machinery failure may have serious financial and economic consequences.

This business insurance package brings together all the esssential covers you need for your office, retail or service operation in one single policy. The comprehensive package is tailored to suit the following types of business:

• Office
  For those who conduct their business in and from offices.
• Services
  For those who conduct their business in consulting room environment.
  e.g. medical or dental clinics, wedding planner.
• Retailers
  Establishments that sell consumer merchandise such as clothing, books,
  and stationery, gifts and souvenirs, drugs and medical products.

The package is not intended to cover the following:

• Pubs, bars, discotheques, karaoke lounges, nightclubs;
• Establishments that are primarily in the business of food or food catering and delivery services;
• Establishments that are primarily in the business manufacturing, loss adjusting, pest control, cleaning services;
• Establishments housed in class three construction premises or make-shift structures (not including incidental alfresco dining facilities);
• Establishments that are primarily in the supply or sale of motor vehicles, electronic or electrical goods, joss and incense, jewellery, watches, works of art and antiques;
• Premises that are not located in Singapore.

(For such excluded trade/premises, please speak with our underwriters for consideration)

The business package provides the following protections subject to the limits of the plan you have selected (see Benefit Table):

• Section 1: Fire and defined events
  Covers damage to your contents caused by fire or other defined events.
• Section 2: Business interruption
  Covers consequential loss of revenue and/or profit caused by interruption of or interference with your business caused by fire or other defined perils.
• Section 3: Theft
  Covers damage to or loss of your contents and damages to your premises as a result of theft by violent and forcible entry into or exit from the premises or armed hold-up.
• Section 4: Money
  Covers loss of money in transit, money kept in your premises during business hours or kept in the premises in locked drawers or safes after business hours. It also covers loss of money removed from the premises and kept over night in locked drawers or safes at your place of residence.
• Section 5: Plate glass
  Covers accidental breakage of plate glass at your business premises.
• Section 6: Personal accident
  Covers accidental death or permanent disability of the named proprietor or partners of the business.
• Section 7: Fidelity guarantee
  Covers you against pecuniary loss due to fraudulent or dishonest conduct of your employees.
• Section 8: Work injury compensation
  Covers you for amount you are legally liable to pay under the Work Injury Compensation Act or at Common Law for injury sustained by your workman arising out of and in the course of their employment in your business.
• Section 9: Public liability
  Covers you for amounts you are legally liable to pay as compensation for bodily injury and/or property damage as a result of an occurrence in connection with your business. Included in this section is cover against your legal liability arising from food and drinks poisoning or contamination.
• Section 10: Goods-In-Transit
  Covers you for damage or loss of your contents whilst in the course of transit within mainland Singapore by vehicle owned or hired by you.

For the coverage described above, we have 3 standard packages with different sums insured/limits of cover to cater to your different business needs.

Subject to our underwriting and payment of additional premium, you may vary the standard coverage to suit your business requirement, viz.

• Increase individual sum insured/limit of cover;

• Extend coverage of Section 1 to include building structures and its fixtures and fittings of the premises occupied and belonging to you or for which you are legally responsible;

Food Outlets, Entertainment Outlets, Money Changers, Massage Parlours, Spa, Petrol Station, Motor Showroom and Repair Workshops, Jewellery, Watches, Cameras, Works of Art, Curios, Antiques, Liquor, Tobacco, Hazardous or Inflammable Goods (e.g. LPG, Paint, Varnish, JossSticks, Charcoal and the like) and premises not of concrete/brick/tile construction.

HOW MUCH PREMIUM DO YOU PAY

IMPORTANT
This brochure is not an insurance policy and does not contain the full details of the insurance cover. The specific terms, conditions and exclusions applicable to the insurance are contained in the policy which will be issued to you upon acceptance of your application. A copy of the specimen policy can be made available to you upon request.

Don't tie up your money in the bank as collateral! Ease your financial burden! Effect a Performance Bond with us! Other types of Bonds such as Domestic Maid and Foreign Workers Bonds are also available.

Following the successful application / renewal of work permit for your foreign workers, the Immigration Department would require you, the Employer to:

• Submit a security deposit of S$5,000.00 per worker. This can be in the form of an Insurance Bond.

  China Taiping Insurance provides this type of Bonds for workers from China, India, Bangladesh, Thailand, Sri Lanka, Indonesia, Philippines etc sources approved by the Ministry of Manpower.

• The period of Bond provided by China Taiping Insurance is 26 months.

  We provide very competitive premium for Immigration Bonds on all classes of foreign workers

  Once our underwriting terms are accepted, for China Taiping Insurance to issue this bond, we require the following:

• A counter guarantee to be executed by the Employer and / or personal guarantors as per our underwriting terms agreed.

Following the successful application / renewal of work permit for your foreign workers, the Immigration Department would require you, the Employer to:

• Submit a security deposit of S$5,000.00 per worker. This can be in the form of an Insurance Bond.

  China Taiping Insurance provides this type of Bonds for workers from China, India, Bangladesh, Thailand, Sri Lanka, Indonesia, Philippines etc sources approved by the Ministry of Manpower.

• The period of Bond provided by China Taiping Insurance is 26 months.

  We provide very competitive premium for Immigration Bonds on all classes of foreign workers

  Once our underwriting terms are accepted, for China Taiping Insurance to issue this bond, we require the following:

• A counter guarantee to be executed by the Employer and / or personal guarantors as per our underwriting terms agreed.

Tokio Marine is one of the top Cargo insurers in Singapore and one of the largest International Insurance Groups in the World who offers you expertise and service in what is the oldest and specialized class of insurance.
Service and stability which we have built over the years has done vigilant to our customer’s changing needs. We continue to provide prompt service and competitive quotation.

We are always your preferred partner, to assure you a peace of mind about your cargo wherever they are. Cargoes are exposed to unpredictable hazards during transportation from one country to another.

Our Marine Cargo Insurance will provide you with indemnity & financial protection for loss of or damage to your cargo during transit. Cargo may be carried by Sea, Air, Rail and Land.

To earn our customer trust and dependence, we work ethically and fairly to fulfill our customer’s requirements by offering them different type of contracts and coverage according to their needs.

Parties who needs Marine Cargo Insurance ?

• Importers/Exporters
• Logistic Companies on behalf of their customers
• Freight Forwarders on behalf of their customers
• Manufacturers
• Other Buyers and sellers engaged in International and/or local trade

What is Marine Cargo Insurance?
Marine cargo insurance affords financial protection against loss or damage to cargo transported from one place to another. The transportation can be by sea, air on land.

Why should I buy marine cargo insurance? 
Marine Cargo is designed to indemnify the insured party against any physical damage or loss that occurs during transportation as the risks specified in the agreed insurance policy. It is aimed to at reducing or removing the financial burden that accompanies such potential damages and losses.

What is the information required to obtain a quotation? 
You may download our proposal form, complete the details required & submit to us for quotation.

What perils are covered? What perils are excluded? 
The perils covered and excluded depend on which type of coverage you choose. There are three types of coverage available, namely the Institute Cargo Clauses (A), (B) and (C).

Do you cover shipments on Worldwide to Worldwide basis? 
Yes we do provide Worldwide to Worldwide voyages, subject to our excluded list of 
countries.

Do you provide a facility for client to issue Certificate of Insurance (CI)?
In such instances, the client is authorized to issue CI as per agreed terms/conditions in the 
Marine Open Cover.

What is Single Voyage Policy?

Most common type of policy & it covers from one place to another place and for each individual voyage.

What is Marine Open Cover policy?

A marine cargo open policy is the agreement between the insured and the insurance company to insure all cargoes in  transit falling within that agreement for an indefinite period, until the agreement is cancelled by either policy.

What is An Annual Policy?

An Annual policy is to cover risks for a period of time, usually one year and all the shipments should fall within the terms/conditions of the policy. 

Scope of coverage is subject to exclusions.

Institute Cargo Clause A (ICC A).
All risks coverage including

• Theft, Pilferage and Non-Delivery
• Rough handling
• Piracy
• Perils covered under ICC B & ICC C

Institute Cargo Clause B (ICC B)

• Washing overboard. Entry of sea, lake of river water into vessel, craft, hold, conveyance, container, lift van or place of storage.
• Earthquake, Volcanic eruption or lightning
• Total loss of package lost overboard or dropped whilst loading on to or unloading from vessel or craft.
• Perils covered under ICC
  
  

Institute Cargo Clause C (ICC C)

• Fire or Explosion
• Vessel/craft being stranded, grounded, sunk or capsized
• Overturning or derailment of land conveyance
• Collision or contact of vessel, craft or conveyance with external object other than water
  
  

Local delivery by land
All risks coverage including

• Fire or Explosion
• Overturning or derailment of land conveyance
• Collision or contact of conveyance with any external object