--- title: "Products" url: "https://www.ivaninsurance.com/products" language: "en" --- Skip to main content Our Products ## Insurance _Solutions_ for Every Need Click any product below to see what's covered and a real-world claims example. ### Project Insurance Commercial Project Insurance — often structured as Contractors' All Risks \(CAR\) or Erection All Risks \(EAR\) — provides end-to-end protection for building and engineering projects. It shields developers, main contractors, and sub-contractors from financial losses arising during construction and the defects liability phase. * Physical loss or damage to contract works, materials, and plant on-site * Third-party bodily injury or property damage from project activities * Damage during testing, commissioning, and maintenance period * Temporary works, scaffolding, and construction equipment * Removal of debris costs following an insured event * Professional fees for redesign after covered damage #### Real-World Example A building contractor is constructing a 12-storey residential project in Tampines. During a severe thunderstorm, lightning strikes a tower crane, causing it to topple and damage the partially completed structure and a neighbouring shophouse. **How the policy responds:** The CAR policy covers the cost to repair the structure and replace the crane \(contract works section\), while the third-party liability section pays for the shophouse repairs and any bodily injury claims — potentially saving the contractor millions in out-of-pocket costs. ### Professional Indemnity Insurance Professional Services PI Insurance protects businesses and individuals who provide professional advice or services. If a client alleges your work caused financial loss due to negligence, errors, or omissions, PI covers legal defence costs and damages — even if the claim is unfounded. * Legal defence costs and settlements for negligence claims * Errors, omissions, or misleading advice leading to client financial loss * Breach of professional duty or confidentiality * Unintentional infringement of intellectual property rights * Loss or damage to documents and data in your care * Libel, slander, or defamation arising from professional activities #### Real-World Example An architecture firm designs an office interior in the CBD. After handover, a structural miscalculation requires the entire mezzanine floor to be torn down and rebuilt — costing S$380,000 in rectification works and lost rental income. **How the policy responds:** The PI policy covers the S$380,000 rectification cost plus the client's lost rental income, as well as legal fees defending the claim — protecting the firm from a potentially business-ending liability. ### Directors & Officers \(D&O\) Insurance Corporate Governance D&O insurance protects the personal assets of company directors and senior management when sued in their capacity as officers. In Singapore's increasingly litigious business environment, D&O cover is essential for any director — whether in public, private, or non-profit organisations. * Personal liability of directors for alleged wrongful acts * Defence costs for regulatory investigations and proceedings * Claims by shareholders, creditors, employees, or regulators * Employment practices liability \(wrongful termination, discrimination\) * Entity securities liability for listed companies * Extradition and crisis event costs #### Real-World Example The CEO and CFO of a listed company are named in a shareholder class action alleging misleading financial disclosures, causing share prices to drop significantly after the true figures were revealed. **How the policy responds:** Side A of the D&O policy pays the directors' personal legal defence costs \(often exceeding S$500,000\) and covers any personal settlement amounts — ensuring their homes and savings are not at risk. ### Performance Bonds & Guarantees Surety A Performance Bond is a guarantee issued by an insurer on behalf of a contractor to the project owner. Unlike a bank guarantee, an insurance-backed bond does not tie up your credit facility — freeing up working capital for your business. * Contract performance guarantee \(typically 5%–10% of contract value\) * Does not consume banking lines — preserves cash flow * Tender/bid bonds for project submissions * Advance payment bonds protecting progress payments * Maintenance bonds for defects liability period * Supply bonds for material and equipment contracts #### Real-World Example An M&E sub-contractor wins a S$5 million hospital HVAC contract. The main contractor requires a 10% performance bond \(S$500,000\), but the sub-contractor's bank line is already stretched. **How the bond works:** Instead of tying up S$500,000 in a bank guarantee, the sub-contractor obtains an insurance bond at a fraction of the cost \(typically 1.5%–2.5% annual premium\), preserving banking facility for equipment and payroll. ### Employee Benefits Group Cover A well-designed Employee Benefits programme is one of the most effective tools for attracting and retaining talent. We help companies structure group medical, dental, life, and disability plans that balance comprehensive coverage with cost efficiency. * Group hospitalisation and surgical \(GHS\) insurance * Outpatient GP and specialist coverage * Dental benefits \(preventive, basic, and major treatment\) * Group term life and accidental death & dismemberment * Work injury compensation \(WICA\) coverage * Maternity benefits and wellness programmes #### Real-World Example An employee at a 50-person SME requires emergency appendix surgery. The hospital bill totals S$18,000 for a 3-day stay including surgeon's fees, anaesthesia, and post-operative care. **How the policy responds:** The GHS plan covers the full S$18,000 \(subject to plan limits\), with the employee paying only a small co-payment. The employer's investment of roughly S$100–$200/month per head directly translates to staff peace of mind and loyalty. ### Liability Insurance Public · Product · Events Liability insurance protects your business against third-party claims for bodily injury or property damage arising from your operations, products, or events. We help you choose the right combination of public, product, and events liability cover based on your business activities and risk profile. * **Public Liability** — injury or damage to third parties at your premises or arising from your business operations * **Product Liability** — claims from defective or harmful products you manufacture, distribute, or sell * **Events Liability** — third-party claims arising from events you organise, sponsor, or host * Legal defence costs and court-awarded damages * Medical expenses for injured third parties * Property damage caused by your business activities or products #### Real-World Examples **Public Liability:** A customer slips on a wet floor at your retail shop and fractures her wrist, incurring S$25,000 in medical bills and filing a claim for loss of income. **Policy responds:** The public liability section covers the medical expenses, loss of income claim, and your legal defence costs — protecting your business from direct out-of-pocket loss. **Product Liability:** A food manufacturer discovers that a batch of packaged sauces caused allergic reactions in 15 consumers. Several file claims totalling S$180,000. **Policy responds:** Product liability covers the medical claims, product recall costs, and legal defence — preventing a single batch defect from threatening business survival. **Events Liability:** During a company D&D event at a hotel, a lighting rig falls and injures two attendees. The injured parties file claims totalling S$95,000. **Policy responds:** The events liability policy covers the injury claims and legal costs arising from the event, shielding the organising company from financial exposure. ### Cyber Insurance Technology Risk Cyber insurance protects businesses against financial losses from data breaches, ransomware attacks, system failures, and other cyber incidents. With Singapore's PDPA imposing strict data protection obligations, cyber cover is increasingly essential for businesses of all sizes. * Data breach response costs \(forensics, notification, credit monitoring\) * Ransomware extortion payments and negotiation expenses * Business interruption from system outages caused by cyber events * Third-party liability for compromised customer or employee data * Regulatory fines and defence costs under PDPA * Reputation management and crisis communication expenses #### Real-World Example A mid-sized accounting firm suffers a ransomware attack that encrypts all client tax records. The attackers demand S$200,000 in cryptocurrency. The firm's systems are down for 5 days, costing an additional S$80,000 in lost billings, and they must notify 3,000 affected clients under PDPA. **How the policy responds:** The cyber policy covers the ransomware negotiation and payment, the business interruption loss, forensic investigation costs, PDPA-mandated client notifications, and credit monitoring services — totalling well over S$350,000 in coverage that would otherwise devastate a small firm. ### Work Injury Compensation Insurance Mandatory · Employer Under Singapore's Work Injury Compensation Act \(WICA\), all employers are required to maintain work injury compensation insurance for employees doing manual work, or non-manual employees earning S$2,600 or less per month. WICA provides a no-fault compensation framework — employees do not need to prove employer negligence to claim. * Medical expenses arising from work-related injuries or diseases * Temporary and permanent incapacity compensation * Lump sum compensation for permanent incapacity * Death benefits to dependants of deceased employees * Coverage for injuries sustained during work commute * Occupational diseases listed under WICA #### Real-World Example A construction worker falls from scaffolding at a worksite and suffers a fractured leg requiring surgery. He is unable to work for 4 months. Medical bills total S$32,000 and he claims temporary incapacity benefits. **How the policy responds:** The WICA policy covers the full S$32,000 medical expenses and pays the worker temporary incapacity compensation \(up to the statutory limit\) for the 4-month recovery period, fulfilling the employer's legal obligation without impacting business cash flow. ### Foreign Worker Medical Insurance Mandatory · MOM Singapore's Ministry of Manpower \(MOM\) requires employers to purchase and maintain medical insurance for all Work Permit and S Pass holders. The policy must provide a minimum coverage of S$60,000 per year for inpatient care and day surgery. We help employers find comprehensive plans that meet MOM requirements while keeping premiums manageable. * Inpatient hospitalisation and day surgery \(min. S$60,000/year per MOM\) * Outpatient GP and specialist consultations \(optional enhanced plans\) * Emergency outpatient treatment * Dental treatment \(on enhanced plans\) * Pre- and post-hospitalisation care * Repatriation expenses in the event of death #### Real-World Example A Work Permit holder employed by a cleaning company is diagnosed with acute appendicitis and requires emergency hospitalisation and surgery. The total bill at a restructured hospital comes to S$11,000. **How the policy responds:** The foreign worker medical insurance covers the S$11,000 hospital bill in full \(within the policy limit\), with the employer only handling the claim submission. This ensures MOM compliance and protects the employer from unexpected medical costs. ### Maid Insurance Domestic Helper MOM requires all employers of Foreign Domestic Workers \(FDWs\) to purchase a personal accident policy with a minimum coverage of S$60,000 and medical insurance with at least S$15,000 per year. Maid insurance plans typically bundle these together with additional benefits to provide comprehensive protection for both the helper and the employer. * Personal accident coverage \(min. S$60,000 as required by MOM\) * Medical insurance for hospitalisation and surgery \(min. S$15,000/year\) * Outpatient clinical treatment and dental emergencies * Repatriation and replacement costs * Employer's liability for injuries to the helper * Wage compensation during hospitalisation #### Real-World Example A foreign domestic worker slips while cleaning windows and fractures her arm. She requires surgery, hospitalisation for 4 days, and 6 weeks of recovery during which she cannot perform duties. Medical bills total S$9,500. **How the policy responds:** The maid insurance covers the S$9,500 medical bill under the hospitalisation benefit, pays wage compensation during the recovery period, and covers any follow-up physiotherapy — meeting MOM requirements and protecting the employer from bearing these costs personally. ### Auto & Home Insurance Personal Lines Your car and home are often your most valuable assets. We help you secure the right protection — from comprehensive motor cover to home insurance for your property and belongings. * Comprehensive motor cover \(own damage, theft, fire, third-party liability\) * Third-party only and third-party fire & theft motor options * Windscreen, personal accident, and NCD protection add-ons * Home building and renovation cover \(for owners\) * Home contents protection \(for owners and tenants\) * Personal liability cover for accidents in your home #### Real-World Example A driver's car is involved in a multi-vehicle collision on the PIE during heavy rain. The car is severely damaged, the driver is hospitalised, and the other vehicle's passenger files a S$120,000 injury claim. **How the policy responds:** The comprehensive policy covers vehicle repairs \(less excess\), pays the driver's medical expenses under the PA extension, and handles the S$120,000 third-party claim — protecting the driver's personal savings entirely. ### Business Insurance Commercial Business Insurance bundles the essential covers every company needs. Whether you run a restaurant, retail shop, or office, we identify exposures unique to your operation and structure a policy that keeps you protected from day-to-day risks. * Fire and allied perils \(flood, storm, lightning, explosion\) * Business interruption / loss of revenue following insured damage * Public liability for injuries to visitors, customers, or passers-by * Burglary, theft, and money-in-transit cover * Goods in transit and stock insurance * Cyber liability and data breach response costs #### Real-World Example A café on Telok Ayer Street suffers a kitchen fire that destroys the premises and forces closure for three months. Renovation costs S$150,000 and the café loses roughly S$90,000 in revenue. **How the policy responds:** The fire policy covers the S$150,000 reinstatement cost. The business interruption extension covers S$90,000 in lost profit plus ongoing rent and staff salaries during closure — allowing the owner to reopen without financial ruin. ### Travel Insurance Personal Whether travelling for business or leisure, unexpected events abroad can be extremely costly. Travel insurance provides a safety net for medical emergencies, trip cancellations, lost baggage, and delays. * Overseas medical expenses and emergency evacuation * Trip cancellation and curtailment reimbursement * Travel delay and missed connection compensation * Lost, stolen, or damaged baggage and personal effects * Personal accident cover during the trip * Personal liability abroad #### Real-World Example A family in Tokyo experiences a medical emergency when their child develops acute food poisoning requiring three days of hospitalisation. The bill totals approximately S$12,000. **How the policy responds:** The policy covers the full overseas hospitalisation, coordinates directly with the hospital via the 24/7 assistance hotline, and reimburses additional accommodation costs — turning a financial disaster into a manageable situation. Buy Online ## Get Instant Cover in Minutes Purchase directly through our platform. Select your product, customise your cover, and receive your policy document instantly via email. ✈️ ### Travel Insurance Single trip & annual plans * Medical expenses up to $1M * Trip cancellation & delays * Lost baggage cover * 24/7 emergency assistance * COVID-19 coverage included [ Get Quote & Buy ](/contact#quote) 🏠 ### Home Insurance HDB, condo & landed property * Building & contents cover * Fire, flood & water damage * Theft & burglary protection * Personal liability up to $500K * Renovation & home office cover [ Get Quote & Buy ](/contact#quote) 🛡️ ### Personal Accident Individual & family plans * Accidental death benefit * Permanent disability cover * Medical expenses reimbursement * Daily hospital income * Worldwide 24/7 protection [ Get Quote & Buy ](/contact#quote) 👩‍🍳 ### Maid Insurance MOM-required coverage * $15,000 personal accident cover * Hospitalisation & surgical expenses * Wage compensation * Repatriation expenses * MOM bond \(optional add-on\) [ Get Quote & Buy ](/contact#quote) MAS Licensed Broker Instant Policy Issuance Secure Payment Claims Support Included Need help choosing? [Chat with us on WhatsApp →](https://wa.me/6591590039?text=Hi%2C%20I%20need%20help%20choosing%20the%20right%20insurance%20plan.)