Products and Services
COMMERCIAL INSURANCES
1. Business Insurance Packages (Small & Medium Enterprises)
Covers the Insured against business losses against all risks. We have designed plans with comprehensive protection to suit the Insured’s needs.
Specially packaged plans that covers the motoring needs of your commercial vehicles.
Covers the Insured against all sums up to the limits specified for which the insured shall become legally liable to pay as compensation for accidental bodily injury to third party or accidental loss or damage to third party property caused by or through the fault or negligence of the insured or his employees. It includes costs and expenses recovered by any claimant against the insured and incurred by the insured with the written consent of the Insurer in respect of a claim against the Insured for compensation.
All businesses have a legal responsibility to their customers and the general public. Should a third party suffer bodily injury or damage to their property arising out of your business activities, your company may be held liable, resulting in significant compensations awarded against you, the effect of which may be compounded by the impact on your time, your company's reputation and defence costs.
4. Machinery & Equipment All Risks Insurance
Covers your company’s plant, machinery or equipment arising from sudden and/or unforeseen loss or damage.
5. Contractor’s/Erection All Risks Insurance
Covers the Insured for their contract/project works from any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded, in a manner necessitating repair or replacement.
Under Section I, it covers the contract works, construction plant and machinery, professional fees, removal of debris and principal’s existing property (if any).
Under Section II, it covers third party liability which the Insured may become legally liable to pay as damages consequent upon accidental bodily injury to or illness of third parties (whether fatal or not) and/or accidental loss of or damage to property belonging to third parties occurring in direct connection with the construction or erection as covered under Section 1.
For Performance bonds (security bonds), the Principal/Owner of the project may require this in the event of non-performance of the contract by the Insured.
6. Directors’ & Officers’ Liability Insurance
Covers the defence costs, damages, settlements and legal representation expenses.
It also covers the Insured when allegations are made against them as they are costly to defend. Ignorance or inaction is not a defence. This will affect the company’s as well as the personal reputations.
7. Work Injury Compensation Insurance
In accordance with the Work Injury Compensation Act, it is mandatory for employers’ to cover all their employees. It covers both ACT Benefits as well as Common Law.
8. Industrial All Risks Insurance
Under Section I, it covers the property within the geographical limits against any loss or damage by accidents, unfortunate or fortuitous other than those specifically excluded under the policy.
Under Section II, it covers the Consequential Loss arising from the same risks.
9. Fire & Extraneous Perils Insurance
Covers loss of or damage to property against the risks of fire, lightning and extraneous perils. The policy will cover your company’s physical assets such as buildings, plant and machinery, stock, equipment and contents.
10. Consequential Loss Insurance
Covers loss of gross profit resulting from the reduction in the turnover or increased cost of working following loss of or damage to the property covered by the Fire & EP Insurance or All Risks Insurance. This insurance must be effected concurrently with the Material Damage Insurance.
Covers loss of or damage to property by theft, consequent upon violent and forcible entry or means into the premises.
12. Fidelity Guarantee Insurance
Indemnifies the employer for financial loss sustained as a result of forgery, larceny or fraudulent conversion of money or goods of the employer committed by his employees in the course of performance of their duties.
Covers loss of money by any cause occurring in the circumstances whilst secured in locked safe or kept in locked drawers or whilst in transit anywhere in Singapore, between banks and your company’s premises
Covers fixed glass generally in business premises against loss or damage by accidental breakage.
PERSONAL INSURANCE
Whether for leisure or business, you and your loved ones can travel with complete peace of mind knowing that you are well covered in any inconvenience. It covers you against almost every conceivable travel-related hassle while you're away.
Specially packaged to meet your motoring needs for a safer and smoother ride, our various plans provide you the flexibility of choosing from our range of panel of quality workshops for any accident repairs.
Have peace of mind with our Home Insurance, a comprehensive home insurance policy that gives you the protection of various benefits such as the rebuilding/renovation costs of your building and contents in the event against fire, natural disasters and other risks. It also covers you for personal liability, personal accident and the cost of alternative accommodation.
4. Domestic Maid Insurance Package
It provides a comprehensive insurance plan that protects both you and your maid including the S$5,000 bond/guarantee. Moreover, you have the flexibility of different plans so you only pay for what you need.
DISCLAIMER
In order to exercise competency as well as professionalism, and in meeting GIAS’ rules and regulations, it is advised that all referred/referral cases are to be handled and discussed by our general insurance consultants, who will correspond and provide all necessary advice to the respective clients accordingly.
ASTAR Corporate Solutions Pte Ltd does not accept any responsibility nor liability for any of the following:-
- All views, advice, information and action undertaken by the referred/referral Agent for the Client.
- All monies collected by the referred/referral Agent on behalf of the Client
Code of Practice
The objective of the code is to ensure that the customer is treated fairly and receives a high standard of service. The code sets minimum standards regulating the sales, advisory and service standards of both the intermediary and insurer. Insurance products and services covered under the code encompass all policies issued to an individual. Within the code, ‘you’ refers to the individual customer and ‘we’ and ‘us’ refer to the general insurer or intermediary.
