Tag: keyman insurance
-
Guarding Against the Unexpected: Insights from the Tipsy Collective Legal Battle
Recently, there was a legal tussle between the shareholders and co-founder (Mr David Gan) of homegrown F&B company Tipsy Collective, after the other co-founder (Mr Derek Ong) passed on unexpectedly in 2023. The wife of Mr Ong sold his shares to the other shareholders, which resulted in them holding majority shares in the company. The…
-
Understanding the Impact: Projected 12% Rise in Singapore Medical Insurance Costs for Corporate Health Benefits
Navigating employee health benefits is becoming increasingly challenging for companies with headcount in Singapore and around the region. With a projected 12% rise in medical insurance costs for 2025, it is essential for HR professionals and decision-makers to begin planning now. This increase poses risks not only to budgets but to employee satisfaction as well.…