QBE Insurance Singapore – My Full Breakdown of Their Commercial & Personal Insurance Solutions
If you’re someone who prefers insurers with a deep track record in business risk management, then QBE Insurance Singapore is a name you should know. Part of the global QBE Insurance Group, one of the top 20 general insurance companies in the world, QBE has been present in Singapore since 1891. That’s more than 130 years of risk protection expertise right here in Asia.
What I find impressive about QBE Singapore is their focus on commercial and specialty insurance. They don’t try to compete on flashy consumer products—instead, they’ve carved a niche in protecting businesses, professionals, and industries with customised, practical insurance plans.
Here’s my full guide to every major insurance product available from QBE Singapore, presented in a way that’s clear, helpful, and made for your blog readers.
🧑⚕️ 1. Personal Accident Insurance
✅ QBE Personal Accident Insurance
-
Covers:
-
Accidental death and permanent disability
-
Medical reimbursement for outpatient and hospital care
-
Weekly income benefit for temporary disablement
-
Optional add-ons for lifestyle coverage or family plans
-
Who it helps: A great choice for freelancers, contractors, gig workers, and individuals with no employer benefits, offering strong protection at reasonable cost.
🛠️ 2. Work Injury Compensation (WIC) – Mandatory for Employers in Singapore
✅ QBE Work Injury Compensation Insurance
-
Complies with the Ministry of Manpower (MOM) requirements
-
Covers:
-
Medical expenses due to work-related injuries
-
Loss of income during recovery
-
Compensation for death or permanent disability
-
-
Available for full-time and contract employees
Why it’s useful: Essential for all SMEs and employers—QBE makes it easy to stay compliant while keeping employees protected.
🧳 3. Travel Insurance – For Short Trips & Business Travel
✅ QBE Travel Insurance (Group & Corporate)
-
Covers:
-
Medical emergencies overseas
-
Trip cancellations, delays, or disruptions
-
Baggage loss or damage
-
Personal accident while travelling
-
Emergency evacuation and repatriation
-
-
Options for:
-
Single Trip
-
Annual Multi-Trip
-
Business Travel Policies for Corporate Clients
-
Ideal for: Businesses with frequent overseas travel or individuals who travel several times a year.
🧱 4. Business Insurance – For SMEs & Large Enterprises
QBE’s strength truly shines in its extensive suite of business protection products, covering all major risk categories.
✅ Property All Risks Insurance
-
Covers:
-
Commercial buildings
-
Office contents
-
Machinery and inventory
-
-
Protects against fire, flood, theft, and accidental damage
✅ Public Liability Insurance
-
Covers third-party claims for:
-
Bodily injury
-
Property damage arising from your business operations
-
✅ Product Liability Insurance
-
Protects manufacturers, retailers, and distributors against:
-
Injury or damage caused by defective products
-
✅ Professional Indemnity Insurance
-
Designed for professionals such as:
-
Consultants, engineers, lawyers, IT specialists
-
-
Covers:
-
Errors, omissions, negligence
-
Legal costs and settlements
-
✅ Directors & Officers Liability (D&O)
-
Protects senior management from:
-
Legal liabilities due to decisions made in their official capacity
-
-
Covers legal fees, damages, investigations
✅ Cyber & Data Security Insurance
-
Coverage for:
-
Cyberattacks, ransomware, and data breaches
-
Business interruption due to cyber events
-
Notification and response expenses
-
✅ Marine Cargo Insurance
-
Covers goods transported by sea, land, or air
-
Suitable for importers, exporters, freight forwarders
✅ Contractor’s All Risks (CAR) & Erection All Risks (EAR)
-
For construction and engineering firms
-
Covers:
-
Site damage
-
Third-party liability during construction or installation phases
-
✅ Money Insurance
-
Covers:
-
Loss of cash in transit or on premises
-
Theft by external parties
-
✅ Fidelity Guarantee Insurance
-
Protects against:
-
Employee dishonesty
-
Fraud or embezzlement of company assets
-
Why businesses love QBE: These solutions are flexible, professionally underwritten, and highly customisable for all industries—retail, F&B, logistics, healthcare, engineering, financial services, and more.
👷 5. Specialised Industry Insurance
QBE has a strong portfolio tailored for specific business verticals:
-
Construction & Engineering
-
Medical & Healthcare Providers
-
Real Estate & Property Developers
-
Retailers & Hospitality Operators
-
Transport & Logistics Companies
They also offer tailored group insurance, fleet motor coverage, and multi-site policies for businesses with complex needs.
💼 6. Management Liability & Financial Lines
✅ Crime Insurance
-
Protection against commercial crimes such as forgery, fraud, or computer crime
✅ Employment Practices Liability
-
Covers:
-
Legal claims from wrongful termination
-
Harassment or discrimination lawsuits
-
-
Ideal for companies managing large teams
✅ Trade Credit Insurance
-
Protects businesses from loss due to:
-
Non-payment by customers
-
Insolvency of trade partners
-
Who it benefits: Companies that operate in high-risk sectors, or those managing international B2B relationships.
📱 What I Personally Like About QBE Singapore
-
Focused expertise in B2B and risk-heavy sectors
-
Long-standing presence with deep underwriting capabilities
-
Fast claims support and solid broker relationships
-
Practical for entrepreneurs, corporates, and working professionals
✨ Final Thoughts – Why QBE Insurance Singapore Deserves Attention
QBE may not be a household name like some consumer-focused insurers, but for those who understand business risk, compliance, and commercial needs, QBE is one of the most reliable, experienced, and globally respected insurers around.
If you’re a startup owner, contractor, professional firm, or SME manager, their coverage can help protect your operations, people, and assets—without unnecessary complexity. They’re a quiet force behind many of Singapore’s most successful businesses.
🔗 Official Website: https://www.qbe.com/sg
Post a Comment