Food Manufacturers Insurance in Singapore

Claim Example1: Employee suffers injury while at work:

One of your employees had their hand crushed while working on the production line. You have to call an ambulance, where they get sent to A&E.. The injured worker has to undergo surgery, and their medical bill ends up being $20,000. With this being a work-related injury, MOM will require you to compensate the worker for their $20,000 in medical expenses. MOM will also mandate that you pay your injured employee’s salary while they’re on medical leave. With Work Injury Compensation Insurance (WICA Insurance), the insurance company will pay these substantia costs for you.

Real life case: Worker dies after fire at Mandai factory

Claim Example 2: Factory premises heavily damaged by fire

A fire starts in your food manufacturing plant, and destroys your factory. The fire destroys over $100,000 worth of food inventory. It also heavily damaged $200,000 worth of expensive, state-of-the-art manufacturing equipment. About $200,000 worth of renovations you did to the factory premises are also destroyed. With Commercial Property Insurance, your policy will pay for this $500,000 in damage to restore your factory to its original state.

Real life case: Tuas explosion caused by combustible flour and dust particles in air