Locksmith Insurance in Singapore

You injure someone else while breaking open a lock: While trying to break open a lock, you accidentally injure your client who was standing next to you. Your client suffers a deep gash to his head. He files a personal injury claim against your company, claiming his injury was caused by your negligence. You have a Public Liability Insurance policy, so the insurance company covers the costs of this legal claim. The lawsuit is settled for $25,000, and this cost is borne by the insurer.

Employee injured at work: One of your employees was crafting a new key for a customer. While using the key cutting machine, your employee suffered a large cut. He had to admit himself to the A&E (Accident & Emergency) department in a hospital. His medical bill wound up being $7,000. Under Singapore’s WICA laws, you are legally obligated to compensate your employee for his medical bills and lost wages while on medical leave. If you don’t do this, you can be jailed and/or fined. Since you have WICA Insurance, the insurance company will protect you by paying for your worker’s medical costs and his lost wages.