TM Business Suite

Product Literature

Suite Coverage

Essential insurances, customisable for your benefit:

Sections	Summary of Cover
1. Property All Risks	Covers damage to your renovations, contents and stock-in-trade at the Situation due to an Accidental cause.
2. Business Interruption	Covers consequential loss of revenue and/or profit from the interruption of, or interruption with your Business which resulted from Accidental loss or damage to Property insured under Section 1.
3. Money	Covers loss of money, in transit, kept in the premises during business hours or kept in the premises in locked drawers/safes after business hours.
4. Personal Accident	Covers death or permanent disability of the owner(s)/partner(s), named in the Schedule as a result of Accidental injury.
5. Public Liability	Covers you for amounts you are legally liable to pay to third parties as compensation for bodily injury and/or property damage occurring within the territorial limits defined in the Schedule as a result of an occurrence in connection with your Business.
6. Work Injury Compensation Act Insurance	Covers you for amounts you are legally liable to pay under the Work Injury Compensation Act (Cap. 354) or Common Law for injury sustained by your immediate employees, limited to those covered in the Schedule, during the period of insurance arising out of and in the course of their employment by you in the Business.
7. Fidelity Guarantee*	Covers you against loss of property insured (including money) due to the fraudulent or dishonest conduct of your employees.
8. Suite Selections*	Add-on coverage for i) Hospital Cash and/or ii) Deterioration of Stock and/or iii) Goods In Transit and/or iv) Rental Expenses and/or v) Self-Store Contents

*These are optional add-ons which are subject to additional premium.

Options

Customise your coverage:

Customise your coverage with our Suite Selections (subject to additional premium)::

Upgrade your Personal Accident coverage with our Hospital Cash extension
Extend your insurance to cover Deterioration of Stocks
Insure your Goods In Transit from accidental loss or damage
Cover your Rental Expenses in the event of business interruption
Expand your coverage on property to include Self-Store Contents

Key Insurable Businesses

Important coverage information for TM Business Suite packages:

TM Office Suite

Establishments that conduct their business in and from offices

TM Service Suite

Examples of establishments that primarily conduct their business in the service sector include, but are not limited to:

Businesses in Consulting Room Environments
Photographic Studios
Wedding Planners
Beauty Services including Hair & Beauty Salons, Manicures & Pedicures
Medical or Dental Clinics

TM Retail Suite

Establishments that sell consumer merchandise such as clothing, books & stationery, gifts & souvenirs, drugs & medical products

TM Dining Suite

Restaurants – Establishments that sell foodstuff (including beverages) for consumption at the premises providing dedicated and exclusive dining-in facilities. These would also include cafes, coffee houses and bistros.

Food Stall – Establishments that sell foodstuff (including beverages) for consumption at the premises with dining-in facilities which are neither dedicated nor exclusive to the stall owners. These would also include food kiosks, stalls in the food court, hawker centres and canteens.

Food Retailers – Establishments that sell foodstuff (including beverages) purely on “take-away” consumption basis and no dining-in facilities are provided. (However, this does not include food catering operators)

Trades or Premises not covered under TM Business Suite packages include, but are not limited to:

Pubs, bars, discotheques, karaoke lounges, nightclubs;
Establishments that are primarily in the business of food catering & delivery services;
Establishments that are primarily in the business of manufacturing, loss adjusting, pest control or cleaning services;
Massage parlours;
Betting outlets;
Arcade or Billiard centres;
Learning Centres except those exclusively conducting training courses for Executives/Professionals;
Aesthetic/Cosmetic surgeries or treatments;
Driving services including lessons;
Martial arts courses;
Establishments housed in class two/three construction premises or make-shift structures;
Establishments that are primarily in the supply or sale of motor vehicles, electronic or electrical goods, joss paper & incense, jewellery, watches, works of art and antiques;
Premises that are not located in Singapore.

What we do not cover

General Exclusions Applicable to all Sections:

The following list is non-exhaustive. Please refer to the policy contract for the full list of exclusions under this policy.

✖︎ War, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection or military or usurped power

✖︎ Use, existence or escape of nuclear weapons material or ionising radiation from or contamination by radioactivity from any nuclear fuel or nuclear waste from the combustion of nuclear fuel.

✖︎ Lawful seizure, detention, confiscation or nationalisation or requisition of destruction of property by or under the order of any government or public or local authority

✖︎ Acts of terrorism

✖︎ Asbestos in whatever form or quantity

✖︎ The failure or inability of any computer, electronic equipment, data processing or media, embedded chip, integrated circuit or similar device or firmware or any computer software occurring at any time to:

Correctly recognise any date as its true calendar date
Capture, save or retain, and/or correctly to manipulate, interpret or process any data or information or command or instruction as a result of treating any date otherwise than as its true calendar date
Capture, save, retain or correctly to process any data as a result of the operation of any command which has been programmed into any computer software, being a command which causes the loss of data or inability to capture, save, retain or correctly process such data or the inability on or after any date.

✖︎ Except as specifically provided otherwise, this policy does not cover:

Consequential loss of any kind
Legal liability to pay compensation
Fines, penalties or exemplary damages whatsoever

How much is my premium?

Your premium may vary, depending on the plan you select:

To make our products even more competitive, we offer attractive discounts that really make business sense:

Enjoy a 10% No Claim Discount off your TM Business Suite renewal premium*

Take advantage of our 10% Chain Discount if you insure 3 or more branches/outlets with us**

*All Renewal Discounts are subject to no claims for the preceding 12 months

**For Chain Discounts, all branches/outlets are subject to no claims for the preceding 12 months

Important Information

This insurance is underwritten by Tokio Marine Insurance Singapore Ltd. All benefits and features mentioned here are subject to the terms and conditions of the policy. Please refer to the policy contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only.