Business Property Insurance
Your business is what you built with care, and we are here to help safeguard it. Our Business Property Insurance goes beyond the basics to safeguard your assets, your hard work, and what comes next, so you can stay focused on growing your business.
Product Features
Business Property Insurance (BPI) is a fire insurance policy that comes with the property loan you have taken with UOB. This policy helps to relieve the financial costs incurred to reinstate and repair your property, in the events of unforeseen circumstances, including:
- Damages from fire, lightning & explosion
- Damages from civil unrest (riot & strikes) and malicious acts
- Damages from accidental impact from aircraft & dropped objects from the air, road vehicles and fallen trees
- Damages from bursting or overflowing of water tanks or pipes
- Damages from natural disasters such as earthquake, typhoon/windstorm & flood.
Our BPI also comes with public liability coverage that relieves the costs incurred if a fire from your property damages your neighbour’s property or causes hurt to visitors in your property.
Business content insurance is available as a convenient add-on should you wish to cover interior renovations, furniture or fittings.
For complete understanding of the coverage, including all terms and conditions, please refer to the policy wording.
We have partnered with UOB to offer you UOB Business Kit, a suite of digital tools for your business operations. For more information, visit go.uob.com/startbizkit
Important Notice
Renewal of Policy
It is a requirement for the mortgaged property with UOB to be covered by fire insurance. The policy is therefore automatically renewed yearly during the terms of the mortgage until the mortgage is discharged.
Premium Payment and General Enquiries
Unless advised by you in writing on an alternative acceptable payment method, the insurance premium will be debited directly by UOB from the UOB account of your choice on the policy start or renewal date. To avoid being charged a penalty fee for failed deduction, kindly ensure there are sufficient funds in your UOB account to pay for the premium.
Contact Information
For general enquiries regarding your fire insurance or if you have any claim enquiries, please contact us:
Phone: 6222 7733
General enquiries: contactus@uoi.com.sg
Claim enquiries: claim@uoi.com.sg
For enquiries regarding your payment or general enquiries, please contact UOB’s 24-hour hotline:
For Personal Mortgage Loan Customer: 1800 388 2121
For Corporate Mortgage Loan Customer: 1800 225 6121
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