Work Injury Compensation

Statutory Insurance for you as an employer, to insure your employees in the course of employment under the Work Injury Compensation Act.

Overview

Provides you with superior protection for your employees. Coverage consists of:

· Medical Expenses

· Lump Sum Compensation for Death of Permanent Incapacity

· Medical Leave Wages

The amount of compensation is computed based on a fixed formula and is subject to capping. Common Law Limit is at S$10,000,000 for any one claim or series of claim arising out of one event.

Important Notice

When taking up an annual WIC policy, you should cover adequately all wages of your direct employees for all works, including at project sites. To cover your obligations for project works either as a main or sub-contractor against common law and principal’s liability under the Work Injury Compensation Act (Sec13) - talk to Simon for the Project Employer’s Liability Insurance.

Frequently Asked Questions

What is Work Injury Compensation Act insurance?

This insurance will indemnify against all sums for which you shall be liable to pay compensation either under the legislation or at common law and will additionally pay all costs and expenses incurred with our written consent if any employee in your employment shall sustain personal injury by accident or disease arising out of and during the course of his or her employment.

What are the new changes under the Work Injury Compensation Act 2019?

For the new changes under the Work Injury Compensation Act 2019, please refer to MOM press release here.

What is the difference of being a designated insurer?

Our insurer is licensed with MOM.

It is required to offer a prescribed Work Injury Compensation Insurance that meets the legal requirements of the Work Injury Compensation Act 2019.

As such policy reforms will fully kick in from 1 January 2021, when policies are issued with the inception date from 1 January 2021 by our insurer, all claims-related handling will now be administered by our insurer, instead of the past/present arrangement vide MOM.