Product
Fire or flood hits your premises — this covers the building, your fit-out, and the revenue you lose while you're closed.
A fire breaks out in the unit next to yours at 2 AM. By morning, your office is smoke-damaged, your server room is destroyed, and your renovation — which cost $120,000 — needs to be redone from scratch. Your landlord's insurance covers the building. Your insurance covers everything else.
Commercial property insurance protects your premises, contents, equipment, stock, and renovations against physical loss from fire, flood, theft, and accidental damage. It's the foundational protection for any business that owns or leases physical space in Singapore.
For most SMEs, a comprehensive property policy goes well beyond basic fire insurance. It includes burst pipes, storm damage, theft, vandalism, and accidental damage — plus optional business interruption cover that pays your lost revenue while repairs are underway. When a single shophouse unit costs millions and fit-outs routinely run six figures, the financial impact of going uninsured is enormous.
Coverage
Key areas of protection included under a typical Commercial Property & Fire Insurance policy.
The walls, roof, floors, and built-in fittings of your premises — rebuilt or repaired after a covered event
Desks, computers, machinery, kitchen equipment — replaced if fire, flood, or theft takes them out
That $80,000 fit-out your landlord's insurance doesn't cover? This does.
Raw materials, finished goods, and supplies in your premises — covered at their full value
The revenue you lose and the extra costs you face while your premises are being repaired
Fire, lightning, explosion, plus standard perils like flood, storm, and aircraft damage
A pipe bursts overnight and floods your ground floor — the damage and cleanup are covered
Who Needs This
Any business with a physical premises. Whether you own a factory in Tuas, lease a shopfront in Chinatown, or rent an office in the CBD — your property and contents need protection. Even a modest office can hold $100,000+ in equipment, furniture, and IT infrastructure.
Tenants who've invested in renovations. If you've spent $50,000 or more on a fit-out — and that's common in Singapore's commercial market — your landlord's insurance does not cover it. A fire or flood destroys your renovation, and without property insurance, that's your loss entirely.
F&B operators and retailers. Restaurants, cafes, and shops face elevated fire risk from kitchen operations and electrical systems. They also hold perishable stock that a single power failure can wipe out. Property insurance with the right extensions covers these scenarios.
Warehouses and logistics operations. If you hold significant stock, your coverage needs to reflect the full value of inventory on-site at any given time — including seasonal peaks and new shipments.
Related Industries
Why TRS
We prevent underinsurance. Getting your sums insured wrong is the most expensive mistake you can make. We work with you to calculate proper reinstatement values for your building, contents, renovations, and stock — so your claims get paid in full.
One package, best price. We combine fire, property, business interruption, and related covers — structured as a single package or across specialist insurers, whichever gives you better protection and pricing.
Lease compliance handled. Many Singapore landlords have specific insurance requirements in the lease. We make sure your policy meets them and provide Certificates of Insurance whenever you need them.
FAQ
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