Worker’s Compensation Insurance

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Workers' compensation insurance, also known as Work Injury Compensation insurance (WICI) in Singapore, is a mandatory insurance policy for all employers of manual workers and all employees earning S$2,600 or less a month, regardless of their occupation. It provides compensation to employees for injuries or diseases sustained in the course of their employment.

TLDR: Worker’s Compensation insurance protects your employees and shields your business from costly risks — a responsible way to care for your team and secure your future.

Purpose: The primary purpose of worker's compensation insurance is to ensure that employees who suffer work-related injuries or illnesses receive timely and adequate compensation without having to file a civil suit. It also protects employers from potential legal liabilities and financial burdens arising from such incidents.

Coverage: Worker’s Compensation insurance in Singapore typically covers:

• Medical Leave Wages: Compensation for wages lost during medical leave due to a work-related injury or illness.
• Medical Expenses: Reimbursement for medical treatment, hospitalisation, and rehabilitation costs incurred due to a work-related injury or illness.
• Permanent Incapacity: A lump sum payout if an employee suffers permanent disability or impairment as a result of a work-related injury or illness.
• Death: A lump sum payout to the employee’s dependants in the event of death due to a work-related injury or illness.

Use-Case: Consider a small manufacturing firm, an employee injures their hand while operating machinery, needing surgery and medical leave. Worker’s Compensation insurance covers medical bills, lost wages, and protects the employer from lawsuits and major costs — ensuring business continuity and employee welfare.

Looking to protect your workforce? Our expert advisors are here to help you find the right Worker’s Compensation insurance plan. We work with 18 trusted insurance partners in Singapore to ensure your business stays compliant and your employees are well covered.