Introduction

Workers’ compensation insurance provides coverage for medical expenses, lost wages, and more in the event of an on-the-job injury or death.  This is a much needed insurance coverage for all organisations and especially so in the current context where the workers’ compensation environment is growing increasingly complex and challenging with new issues surfacing.

Since 1st January 2020, the Work Injury Compensation Act in Singapore has gone through several updates and amendments to enhance the protection for both employees and employers. For more details, you may refer to the MOM website. All existing and new policies incepting 1 September 2020 must meet the new legislative amendments. The Work Injury Compensation Act (WICA) allows employees to make claims for work-related injuries or diseases without filing a civil suit under common law, which is low-cost and quick for settling compensation claims.

What does the product cover?

The Work Injury Compensation Act (WICA) covers any employee who is under a contract of service or contract of apprenticeship, regardless of salary, age or nationality.

Under the Work Injury Compensation Act (WICA), you can claim the following types of compensation benefits:

  1. Medical leave wages – The accident happened while on a flexible-work arrangement that you agreed with your employer.
  2. Medical expenses, including hospital bills, medication and other charges, due to the work injury.
  3. Lump-sum compensation for Permanent Incapacity, current incapacity or Death.

Protecting your most valuable assets from unexpected accidents is also protecting your company. By law, your employees are compensated for a work-related death, injuries and occupational diseases arising out of and during the period of employment. Employers are susceptible to legal liability for claims and, if convicted for the non-payment of work injury compensation within the stipulated timeline or failure to insure and maintain insurance under the WICA, may be liable to a fine or imprisonment.

To learn more about WICA, get in touch with us to show you the best WICA most suited to your business needs.

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Andrew Han

MINDEF - Assistant Director (IT systems)/SMART buildings
I was actually in the market looking for a short term saving plan with guaranteed returns of between 10 to 12%/annum. Jeremy was able to refer me to an opportunity that offered a financial platform which guarantees by contract my

Abe Fumika

Consultant
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Esther Lee

Doctor
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Director of Eastern Green
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Information Technology Security Officer
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