• UOB Business Insurance - BizCareUOB Business Insurance - BizCare


    The comprehensive* business insurance that you need

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Why Choose Bizcare

  • Comprehensive* insurance coverage
  • Quick approval with no underwriting required
  • Fuss-free enrolment and renewal
  • 14-days free look period

Find out more

Protect what matters in business

You have put your heart and soul into building your business so it is crucial to protect it. From guarding against unforeseen accidents or losses, to protecting your most important asset, your people.

See how one SME customer, Ms. Hazel Hok of Megumi Japanese Restaurant, came to realise the importance of safeguarding the business during the course of its growth journey.


  Other Similar Products in Singapore
  BizCare^ Product A^ Product B^
Fire and Extraneous Perils S$50,000 S$75,000 S$50,000
Increased Cost of Working S$200 up to 60 days S$250 up to 60 days S$200 up to 100 days
Work Injury Compensation 5 employees
(manual and non-manual employees)
4 employees
(manual and non-manual employees)
3 employees
(non-manual indoor employees)
Public Liability S$500,000 S$250,000 S$500,000
Electronic Equipment S$10,000 NIL
(Optional as Top Up Feature)
Money S$5,000 S$3,000 S$6,000
Fidelity Guarantee S$5,000 NIL
(Optional as Top Up Feature)
(Optional as Top Up Feature)
Burglary S$5,000 S$25,000 S$10,000
Plate Glass S$3,000 S$2,500 NIL
(Optional as Top Up Feature)
Personal Accident NIL S$30,000 S$10,000
Other Considerations
Industry Coverage Broad coverage from retail to light industry and trading Excludes light industry and trading Excludes light industry
Application Process Quick enrolment with no underwriting required Requires application/ underwriting Requires application/ underwriting
Free Look Period
(Up to 14 days)

^ The comparison set out in the table above is a comparison of the features (with the exclusion of purchase pricing of the product) and other considerations of BizCare pursuant to Plan I of BizCare (see overleaf) against the features (with the exclusion of purchase pricing of the products) and other considerations of other similar products in Singapore. Not all the features and other considerations of the various insurance products set out in the table above may have been fully described in the table above. Information is accurate at time of publishing or posting online or, where applicable, printing.

Scope of Cover

 Fire & Extraneous Perils

Fire & Extraneous Perils

covers loss of or damage to your insured property in the Premises destroyed or damaged by Fire and/or Lightning and other perils such as earthquake, flood, riot and strike, malicious damage and sprinkler leakage.

 Increased Cost of Working

Increased Cost of Working

covers in conjunction with Fire & Extraneous Perils. An additional amount of daily benefit shall be payable if property lost or damage covered results in the interruption of or interference with the Insured’s business.

Work Injury Compensation

Work Injury Compensation

covers legal liability towards your employees for bodily injury sustained by accident or disease arising out of and in the course of their employment.

Public Liability

Public Liability

covers legal liability for accidental bodily injury or property damage to third parties arising out of the operation of your business.

Electronic Equipment

Electronic Equipment

covers cost of repairs to or replacement of electronic data processing equipment caused by any unforeseen and sudden physical loss or damage from any cause other than those specifically excluded.



covers loss of or damage to money whilst kept within your business premises or whilst in transit anywhere in Singapore provided it is in your personal custody or your authorised employees.

 Fidelity Guarantee

Fidelity Guarantee

covers loss of money or property, belonging to you or for which you are legally responsible as a direct result of any act of fraud or dishonesty committed by your employees.



covers physical loss of or damage to your insured property as a result of theft by forcible entry into your business premises.

 Plate Glass

Plate Glass

indemnifies you for the breakage of fixed glass insured in your business premises.


Our plans are tailored specifically to support small businesses. Choose the extent of coverage best suited to your needs.

 Plan IPlan IIPlan III
Cover Sum Insured/ Limit Sum Insured/ Limit Sum Insured/ Limit
Fire and Extraneous Perils (contents and stock-in-trade only) S$50,000 S$100,000 S$200,000
Increased Cost of Working S$200 per day S$200 per day S$300 per day
Work Injury Compensation Up to 5 employees Up to 10 employees Up to 20 employees
Public Liability S$500,000 S$1,000,000 S$1,000,000
Electronic Equipment S$10,000 S$20,000 S$40,000
Money S$5,000 S$10,000 S$10,000
Fidelity Guarantee S$5,000 S$10,000 S$10,000
Burglary S$5,000 S$10,000 S$20,000
Plate Glass S$3,000 S$5,000 S$10,000
Nature of Business Annual Premium inclusive of GST
(A) Office/Service S$220.00 S$460.00 S$810.00
(B) Retail/Trading S$270.00 S$550.00 S$980.00
(C) F&B S$320.00 S$660.00 S$1,180.00
(D) Light Industry S$420.00 S$860.00 S$1,530.00



  1. Additional premium for Work Injury Compensation Insurance (maximum 30 employees) is available:
    • Office/Service: S$20.00 per employee per annum
    • Retail/Trading: S$30.00 per employee per annum
    • F&B: S$40.00 per employee per annum
    • Light industry: S$50.00 per employee per annum

  2. Additional S$50.00 for each block of S$100,000 sum insured for Fire & Extraneous Perils, up to a total sum insured of S$1,000,000

  3. Premium quoted is inclusive of prevailing GST

    BizCare will cater for most of types of businesses in the "small business" segment, with the following exceptions: Explosives, furnace and kiln, spray painting, woodworking, containers and paper boxes, foams and plastics, flammable and hazardous products, joss sticks and incense paper, motor and repair workshops, jewellery and timepieces, antiques, collections, coins and currency notes, work of arts, sculptures, stamps, precious stones/metals, livestock, paints and varnish, nurseries and landscape, money changers, pawn shops, petrol stations.

    This list is not exhaustive. UOI reserves the right to exclude any other businesses or activities that are not stated in the list.

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*Please refer to the applicable policy contract for the full details of the terms, conditions and exclusions of this insurance product.


The above is provided for general information only and is not a contract of insurance. Full details of the terms, conditions and exclusions of this insurance are provided in the policy contract and will be sent to you upon acceptance of your application by United Overseas Insurance Limited (“UOI”). You may wish to seek advice from a qualified adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a qualified adviser, you should consider carefully whether this product is suitable for you. United Overseas Bank Limited (“UOB”) does not hold itself out to be an insurer, insurance broker or insurance agent. The insurance products and services stated herein are provided by UOI. This advertisement has not been reviewed by the Monetary Authority of Singapore.

BizCare may only be purchased by selected customers of the Business Banking segment of UOB.

While all information provided herein is believed to be correct and reliable at the time of publishing or posting online or, where applicable, printing, UOB and UOI makes no representation or warranty whether express or implied, and accepts no responsibility or reliability for its completeness or accuracy.

Policy Owners' Protection Scheme
This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC websites ( or or

United Overseas Bank Limited Co. Reg. No. 193500026Z

United Overseas Insurance Limited Co. Reg. No. 197100152R

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