As a small business owner, insurance probably isn’t the first thing on your mind. Perhaps you think it’s not necessary, or you don’t know where to start. Or maybe you simply can’t afford it at this point of your business.

So, if you have just started a small business and you’re not sure of the SME insurance requirements, you’ve come to the right place. We have put together a checklist below that will help guide you through what you need when it comes to small business insurance plans, both to safeguard your business as it grows and help you attract and retain existing talent by designing employee benefits health solutions to suit your needs. If this sounds like what you are after, give us a call today and we can get you started.


Small businesses, otherwise known as SMEs, are integral to economies. Protecting SMEs is crucial to avoid any hampering of operations, growth and success – both individually and for the economy as a whole.

It’s estimated that almost 1 in 10 smaller SMEs do not hold any business insurance at all. These start-ups are a vital part of the economy here in Singapore, so having business protection insurance helps to safeguard the business and the economy. Meanwhile, more than half of all Singaporean SMEs operate with only the most basic and mandated levels of business insurance. Whilst SMEs expect difficult times as they grow, many do not hold any business protection insurance coverage for the specific risks and issues that could affect their businesses. Contact our specialists and we can assess your protection needs.


Running a small business in Singapore can be challenging. One part of making that process easier is to secure the SME insurance requirements for a successful start.

The Diot-Siaci Asia team has partnered with some of the world’s leading providers to put together the necessary business insurance packages for SMEs in Singapore. We want to help you focus on the important parts – growing the business without worrying about the business protection plans in place for an SME.

We have a comprehensive overview of the small business insurance plans that you should consider acquiring as you go about starting a venture in Singapore. If employees are travelling a fair bit, securing travel business insurance is advisable to protect them whilst they are on the move.

These are the basics you will need to get you started. From here, our team will assess your business and suggest other products to include in your SME insurance package. Likewise, for organisations with a considerable size of employees, our Employee Benefits solutions experts will tailor group insurance packages to suit your company’s needs. They will help you out with small business insurance plans that protect both your business and employees. Let your business insurance advisor know if you would like group insurance for your Singapore team.

If you would like some help getting started, send us your details in our online form and one of our Business Insurance team members will get in touch to  talk to you about the insurance requirements for small businesses here in Singapore.