Work injury compensation (WICA) insurance is generally required by law for employees who do manual work or earn $2,600 a month or less.
Medical insurance and a security bond are generally required for Work Permit and S Pass holders.
Motor third-party cover is required by law to drive a vehicle for the business.
Commercial leases usually require public liability cover, and your landlord's policy will not cover your fit-out, stock, or liability.
Clients often require professional indemnity by contract. It is written on a claims-made basis, so timing matters.
Property or fire cover for your assets is worth reviewing. Watch for underinsurance and the average clause.
Handling personal data or selling online carries cyber exposure and a PDPA breach-notification duty. This is not mandatory insurance, but it is a real exposure.
Your licence regime may carry its own insurance or bond conditions, separate from general business cover.
As a private limited company serving clients under contract, directors may want to review directors and officers (D&O) exposure.
This is general information, not advice. These are areas to review with a licensed adviser. Covarage organises your policies and renewals in one place and connects you to a licensed IFA who can match cover to your situation. COVA is an introducer under MAS Notice FAA-N02. We do not recommend insurance products.
