Work Injury Compensation Insurance (WICA Insurance) protects your company against legal liability if your workers suffer injuries, or contract illnesses while working.
Work Injury Compensation Insurance covers:
1. Employer legal expenses to defend against work-injury lawsuits
2. Employee medical expenses for work-related injury or illness
Under Singapore’s Work Injury Compensation Act (WICA), employers are legally liable to pay compensation to workers who become hurt or sick while performing work-related activities.
In Singapore, it is a statutory requirement to provide Work Injury Compensation insurance for:
a. All workers who perform manual labour, regardless of salary level
b. All workers who perform non-manual labour, AND earn less than $1,600 a month
This type of insurance is one of the most common that SMEs purchase. It’s usually very affordable, while providing generous coverage. We highly recommend this type of insurance for all employers, given that your most valuable assets are often your employees.