If the matrix is singular, then for some $v$ with $\|v\| = 1$, we have $(I+B)v = 0$, that is, $Bv = -v$. Hence $\|B\| = \sup_{\|y\|\le 1} \|By\| \ge \|Bv\| = \|-v\|=1$.
If the matrix is singular, then for some $v$ with $\|v\| = 1$, we have $(I+B)v = 0$, that is, $Bv = -v$. Hence $\|B\| = \sup_{\|y\|\le 1} \|By\| \ge \|Bv\| = \|-v\|=1$.