As an insurance agency, Verity Assurance is committed to finding the best solutions for their clients and offering the best advice. We represent the following insurers:
Commercial Insurance
From property, business interruption and employee benefits to marine, engineering, liability and business packages, we have different insurance plans tailored to help you safeguard your business.
- Workmen Injury Compensation
- All
Risks - Commercial Vehicle
- Marine
Cargo - Contractor’s All Risks
- Professional Indemnity
- Public Liability
- Executive & Management Liability
- Cyber Liability & Data Protection
- Business
Plus
Covers your liability as an employer under the Work Injury Compensation Act and any legal liability arising from claims by your employees at Common Law. All legal costs and expenses incurred with our consent are also covered.
- Legal Liability Cover
When workplace accidents happen, we protect you from legal liabilities including defence costs and expenses, arising from Common Law claims.
- Wage, Medical Leave & Expenses Cover
We offer compensation for injured employees, for their lost earnings, medical leave and medical expenses.
- Permanent Incapacity or Death Cover
In the event of permanent incapacity or death, a lump sum compensation goes to the employee’s family.
Safeguards your physical and financial assets under a wide cover, including accidental loss or damage to your business assets and inventory (Incl Fire & Perils, Business Interruption).
- Material Damage Cover
We protect your property, machinery, inventory and everything your business owns, from incidents such as fire, explosion, water damage, natural disasters, malicious damage and burglary.
- Accidental Loss or Damage Cover
Does your business own high precision equipment or carry high value items or tradestock? Our insurance plan shields you from losses and damage due to breakage or theft.
- Business Interruption Cover
Should your business suffer a downtime due to an insured event such as fire or flood, we will also compensate you for loss of income.
Protects all vehicle types, from small vans to prime movers of up to 100 tonnes. Options to cover the vehicles you own, lease or rent. Cover extends to vehicles travelling to West Malaysia.
- Comprehensive Cover
Opt for our comprehensive plan and enjoy full protection for your commercial fleet and drivers, including liability cover for injury and property damage caused by your vehicles.
- Equal Protection for All Drivers
We offer equal protection to all your drivers, with no additional excess imposed.
- Unlimited Windscreen Cover
You enjoy unlimited windscreen cover for your vehicles at no extra charge.
- Bonus Cover
We offer a straight 20% insurance discount for fleets of 10 vehicles or more.
- Third Party Only Cover for Older Vehicles
Third Party Only cover is available for older vehicles, even beyond 25 years old (subject to underwriting).
- What is not Covered
Excludes goods in transit.
Protects your cargo shipments against accidental loss or damage during transit by land, sea or air. Suitable for importers, exporters, manufacturers, commodities traders and freight forwarders.
- Single Voyage
We offer Single voyage policies for one-time or occasional shipments.
- Open Cover
Businesses that make regular cargo shipments can benefit from Open cover, which automatically insures shipments based on specified terms and conditions.
- Annual Cover
If your business does high volume shipments, Annual cover is a convenient option. The premium is adjusted at the end of each policy period according to the actual value of your shipments.
- Inland Transit
Goods in transit on your land vehicles or through a professional carrier can be protected by an annual policy with us. An agreed annual premium is charged upfront and declaration of shipments is not required.
Designed for developers, principals and contractors to better manage complex indemnity and contractual exposures.
- Material Damage & Third Party Liability Cover
The policy covers loss or damage to the contract works, as well as third party liabilities as a result of industrial accidents.
- Workmen Injury Compensation
Package your policy with workmen injury compensation to protect your employees from the risks they face on-site.
Insures professional practices from third party claims and disputes.
- Cover for Defence Costs
Long legal battles can cause financial strain. Our policy safeguards you against legal liabilities by covering defence costs and claims for damages.
- Automatic Reinstatement
We restore policy limits for defence costs and public relations expenses after any paid-out claims.
- High Cover Limits
Up to $20 million coverage, with the option to include cover for the USA and Canada.
Protects businesses from claims of damage or bodily injury caused by their work or employees’ activities.
- Cover for Defence Costs
We help see you through your legal battles, covering your defence costs and compensation payments.
- What is Not Covered
Public Liability insurance does not cover accidents that happen to you or your employees, or damage to your own property and assets. These are covered under Workmen Injury Compensation and All Risks plans.
Addresses liability risks and protects the interests of directors and senior executives of private and unlisted companies, including SMEs.
- Cover for Defence Costs
Our policy helps you defray legal costs and claims for damages.
- Employment Practices Liability Cover
Employment-litigation can happen due to malpractices. To combat this risk, we provide cover against claims made by your employees.
- Crime Cover
We cover for loss from dishonest or fraudulent acts by your employees or third parties.
- High Cover Limits
Up to $20 million coverage, with the option to include cover for the USA and Canada.
Protects businesses from loss of data and other IT-related threats.
- Third Party Cover
Loss or breach of customer or employee information can result in large claims. Our third party cover protects you from claims for compensation, defence costs, fines and penalties from breach of the data protection law.
- Remediation Costs
We reimburse you for the costs incurred due to the breach, such as forensic fees, credit monitoring costs, public relations expenses and cyber extortion costs.
- Business Interruption
Our cyber protection goes beyond to provide coverage for loss of income during business stoppage.
- High Cover Limits
Up to $10 million coverage.
A comprehensive and flexible package for SMEs. Suitable for Office, Service, Retail and Food & Beverage businesses.
- Fire & Extraneous Perils (contents)
Safeguard the contents of your business from a range of incidents including fire, lightning and explosions.
- Theft & Hold-up (first loss basis)
We protect you from the losses a burglary can cause to your business.
- Business Interruption
Fire or flooding can force your business to come to a standstill. We take care of the costs and expenses you incur until you get back on your feet.
- Workmen Injury Compensation
Protect your workers and fulfil the requirements of the Workmen Compensation Act.
- Public Liability
Injury claims or property damage that spring from your operations can deal a financial blow. We protect you from such claims.
- Money (transit/premises)
When money gets lost at your shop or while in transit, we make it up to you.
- Plate Glass
Protect your glass displays from accidents.
- Personal Accident
We support your employees when accidents happen, no matter where they may be.
Options
- All Risks (office equipment)
Safeguard your office machines and equipment from damage or theft.
- Fidelity Guarantee
We protect you from fraud or dishonest acts of employees by insuring your monetary loss or loss of goods.
- Deterioration of Stock
We insure food & beverage businesses against damage to frozen goods due to power failure or breakdown of freezers.
- Fire & Extraneous Perils (building)
We protect your building against fire, lightning, explosions and other named perils.
Personal Insurance
Whether you are at home, traveling abroad or going about your day to day activities, you can insure the future of your loved ones with our personal insurance plans which aims to protect you and give you the security you need.
Covers adventurous activities you love, and protects you and your family with over 50 benefits. (MSIG TravelEasy Pre-Ex Plan covers or travellers with stable and controlled pre-existing medical conditions too!)
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Comprehensive cover with over 50 benefits! We protect your losses from travel cancellation to flight delays, stolen travel documents, to overseas medical expenses incurred as a result of accidental injuries or onset of sickness, and follow-up medical treatment after your trip.
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Partake in as many recreational activities when you travel! We have plans that cover for adventurous activities such as sky diving, scuba diving, white-water rafting to winter sports like dog sledding, tobogganing, sledging and ice-skating.
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Increased limits for Terrorism cover so you travel with greater peace of mind.
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Single or annual travel insurance plans are available for individual or family cover.
MSIG TravelEasy
insurance plan highlights
Maternity-related Overseas Medical Expenses
Covers medical expenses incurred overseas due to pregnancy-related illnesses such as nausea and giddiness.
Replacement of Traveller
Pays for the charges incurred for change of traveller due to you or insured person not being able to travel for the trip as a result of serious injury, illness, death or that of the family members or travel companion 30 days prior to the trip.
Emergency Medical Evacuation
Getting sufficient emergency medical evacuation coverage under your travel insurance plan is critical. Across all TravelEasy plan types, emergency medical evacuation and repatriation is at a high limit of $1,000,000.
Insolvency of Licensed Travel Operator
Don’t allow yourself to be stranded when your travel operator goes bankrupt overnight! Our travel insurance provides cover for insolvency of licensed travel agencies registered with the Singapore Tourism Board (includes NATAS registered travel agencies).
Delayed Departure
MSIG’s travel insurance plan pays for additional administrative and travel expenses incurred to book alternative transport to the same destination should there be delays to the public transport due to strike, riot, civil commotion, poor weather conditions, natural disasters, breakdown of public transport or closure of airport.
Great Eastern
TravelSmart Premier
Designed for students going on to higher institutions abroad. Covers accidents, illness, study interruptions, and even holiday travels, with 1-month to 12-month cover options.
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Personal Accident Cover
We offer up to $150,000 for accidental death or disablement -
Medical Expenses
We will cover your hospitalisation fees up to $50,000 following an illness or accidental injury so you can focus on recovering quickly. -
Sponsor Protection Cover
Free yourself from financial worries. We will pay for your tuition fees if your sponsor passes away or suffers from permanent total disability from an accident.
MSIG Global Study
insurance plan highlights
Study Interruptions Cover
The plan pays for your pre-paid course fees should your studies be interrupted by illness or injury.
Adventurous Activities Cover
When you go on a vacation from your studies, our Global Study plan covers you for accidents arising from adventurous activities such as bungee jumping and sky diving.
Covers you and your passengers on the road and gives you the flexibility of choosing workshops and more.
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Comprehensive coverage of insured vehicle against accidental loss or damage.
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Accident repairs at authorised agent's workshop or at a workshop of your choice.
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Medical expenses cover for policyholder, authorised driver and/or passenger (up to legal seating capacity).
MSIG MotorMax
insurance plan highlights
Car Loan Protection
MotorMax Plus offers $100,000 worth of car loan benefits to cover any outstanding car loan if the policyholder dies in a car accident.
New for Old Replacement
If your car becomes irreparable after an accident, we will replace it with a brand new one as long as your original car is less than 12 months old.
Transport Allowance
Receive a transport allowance if your car repair takes longer than expected.
Instant Quote
Quick and personalised motor insurance fee quote which you can save and retrieve online within 30 days.
Great Eastern
Drive And Save Plus
- Full market value reimbursements for accidental loss and damage
- Waiver of excess applicable for repairs under our Authorised Workshop Plan
- Unlimited windscreen cover that does not affect your NCD.
- NCD protection option
- Optional loss of car use cover for up to 7 days
- Medical expenses cover of up to S$300
- Personal accident benefits up to S$20,000 (for Comprehensive Authorised Workshop plan and Comprehensive Any Workshop plan)
- Unlimited cover for death and bodily injury of any 3rd party
- Up to S$5,000,000 for any damage to property
- Up to S$3,000 legal expenses
Protects everything that makes your home dear to you. Up to $270,000 in coverage for home contents and renovation.
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Up to $270,000* coverage for renovations, movable household items, household contents and personal belongings.
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Up to $1,000,000 in Worldwide Personal Legal Liability.
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Optional cover for your building for all round protection of your home and household contents.
MSIG Enhanced HomePlus
insurance plan highlights
Alternative Accommodation/Loss of Rent
Worried about accommodation if your home is damaged? Enhanced HomePlus home insurance plan takes care of your temporary accommodation costs, emergency cash, conservancy charges and even loss of rent.
Removal of Debris
We understand that clearing out damaged household contents following an unfortunate event like fire or burst of pipes can be challenging and requires professional help. With your MSIG home and HDB fire insurance policy, we’ll help reduce the cost of removing such debris following an insured event.
Accidental Death of Domestic Pet
We cover the loss of your furry friend in the event of a home accident.
Additional Benefits
Our quality home insurance plan coverage extends to accidental breakage of mirrors and glass at home, deterioration of frozen food, monthly service and conservancy fees and fraud by your domestic helpers.
Great Eastern
HomeGR8 Essential/Plus
Great Eastern HomeGR8 Essential covers you for loss or damage to your Building, Renovation and Home Contents due to Fire or Insured Perils. And there is no penalty for underinsuring and cover up to the maximum sum insured.
Great Eastern HomeGR8 Plus
Great Eastern HomeGR8 Plus is an all-risk and first-loss basis policy that provides comprehensive cover for accidental loss or damage to your Building, Renovation and Home Contents unless specially excluded. And there is no penalty for underinsuring and cover up to the maximum sum insured.
Enables your maid to do the best possible job while protecting her from accidents, medical emergencies and more.
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Personal Accident Cover
Foreign domestic worker insurance that offers $60,000 in personal accident cover annually and up to $3,000 for accidental medical expenses during the period of cover. We offer an enhanced 26 months’ policy for your maid. -
Hospital and Surgical Cover
We pay up to $50,000 for hospitalisation and surgical charges including 90 days’ pre and post hospitalisation expenses for diagnostic services and treatment. -
Replacement Maid Hiring Expenses
Our maid insurance for foreign domestic workers extends coverage to you as an employer as well. You are covered for expenses incurred to hire a replacement foreign domestic worker following the termination of your Maid's service due to accidental death, injury or illness.
MSIG MaidPlus
insurance plan highlights
Daily Wages & Levy Reimbursement
We compensate you with your helper’s wages and levy for 60 days with a sum insured of up to $1,800 if she is hospitalised.
Maid Insurance Guarantee Bond
Bundle your maid’s security bond with our 26 months’ MaidPlus policy! MSIG’s maid insurance ensures you comply with all regulations by issuing on your behalf a Letter of Guarantee for a $5,000 security bond which will be submitted to the Work Permit department of the Ministry of Manpower (MOM).
Medical Expenses Benefit
Medical Expenses for your maid are enhanced to include worldwide cover. Should your maid be injured in an accident or fall seriously ill while travelling with your family, her hospitalisation and surgical expenses are taken care of by MSIG’s maid insurance. The Medical Expenses Benefit also provides cover for dengue fever (includes negative results), dental treatment and Traditional Chinese Medicine (TCM) treatment due to injury.
Special Grant
Lump sum payout in the event of accidental death of your helper during the course of employment.
Alternative Domestic Help Benefit
Up to $750 reimbursed under hiring fees for a replacement helper.
Great Eastern
MaidGR8
Protects you from loss of income when you get into an accident.
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Permanent and Total Disablement Cover
Personal accident insurance plan featuring a high permanent and total disablement payout of up to $375,000. -
Hospitalisation Cash Benefit
We pay a up to $200 daily hospital cash benefit for a maximum of 50 days if you meet with an accident. -
Temporary Total Disablement Cover
You and your family will be supported with a monthly income of up to $2,600 for up to 2 years if you are unable to work due to temporary total disablement.
MSIG ProtectionPlus
insurance plan highlights
Bereavement Grant
The plan offers a $10,000 bereavement grant, one of the most generous in the market.
Bonus Cover
Protect your entire family with free cover for up to 3 children when you and your spouse enrol for ProtectionPlus at the same time.
Third Degree Burns Cover
Provide cover for third degree burns arising out of any injury.
Value-added Covers
Value-added covers for motorcycling as a rider or pillion rider, Injuries during reservist training and leisure sports like snorkelling, wakeboarding and bungee-jumping, plus access to MSIG Assist helpline in the event of an emergency overseas.
Great Eastern
PA Supreme
Offers exceptionally high cover limits, giving you access to state-of-the-art treatment options.
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Hospital and Surgical Cover
Benefit from our strong hospital insurance coverage with over $3 million for inpatient and outpatient treatments, cancer treatments, organ transplants, casualty ward accident services and more. -
Increased International Cover
We expand your international cover immediately from $1 million to $2 million if you are hospitalised while overseas. -
Overseas Medical Evacuation and Repatriation
Stay protected no matter where you are with our overseas emergency medical evacuation and repatriation cover of up to $1 million.
MSIG Prestige Healthcare
insurance plan highlights
Outpatient Alternative Treatment
You are entitled to up to $2,000 for alternative treatment by a physiotherapist, registered Chinese physician, acupuncturist or chiropractor.
Direct Settlement of Expenses with Hospital or Service Providers
Your hospital expenses are settled directly by us so you can enjoy cashless service.
Artificial Limbs and Mobility Aids Cover
You are covered up to $1,500 for artificial limbs and $500* for mobility aids following a covered injury or illness during the Period of Insurance.
Optional Maternity Benefits
Opt for additional maternity benefits for ante-natal, childbirth and post-natal treatments up to specified sublimits. This optional benefit is only available under the Deluxe and Platinum Plans.
Compassionate Travel
In the event of death of a close family member outside of Singapore, we pay for the cost of economy class return airfare for the Insured Person to attend the funeral, subject to policy terms and conditions.