Work injury compensation insurance
EQ Insurance vs Great American WICA insurance
EQ Insurance and Great American side by side on the same typical employers, as business packages with WICA for all staff, from their published rates.
Which is cheaper
Of the 10 typical employers both are shown for on our pages, EQ Insurance was cheaper on 8, Great American on 2. Your own business can change the order.
HL Assurance is our one featured insurer for work injury compensation: you buy it through our Buy Now link. As on our work injury compensation page, a package from another insurer priced below HL Assurance’s is not shown, and a package whose WICA would leave a staff member out is not shown either.
Price for each employer
| Employer | EQ Insurance | Great American |
|---|---|---|
| Cafe5 staff | S$479.00EQ Business Food & Beverage (Restaurant) | S$951.03EIP PLUS F&B |
| Cafe5 staff, S$60,000 each | S$576.50EQ Business Food & Beverage (Restaurant) | S$1,670.43EIP PLUS F&B |
| Restaurant10 staff, S$60,000 each | S$771.50EQ Business Food & Beverage (Restaurant) | S$3,109.23EIP PLUS F&B |
| Fast food outlet8 staff, S$60,000 each | S$693.50EQ Business Food & Beverage (Restaurant) | S$2,533.71EIP PLUS F&B |
| Bakery4 staff, S$60,000 each | S$495.20EQ Business Food & Beverage (Take-Away) | S$386.41EIP PLUS Retail |
| Clothing shop5 staff, S$60,000 each | S$434.80EQ Business Retail | S$438.73EIP PLUS Retail |
| Clothing shop10 staff, S$60,000 each | S$629.80EQ Business Retail | S$700.33EIP PLUS Retail |
| Minimart3 staff, S$60,000 each | S$356.80EQ Business Retail | S$334.09EIP PLUS Retail |
| Hair salon5 staff, S$60,000 each | S$467.50EQ Business Service | S$584.51EIP PLUS Services |
| Laundry5 staff, S$60,000 each | S$467.50EQ Business Service | S$584.51EIP PLUS Services |
Both packages for a cafe with 5 staff
| Insurer | A year | Value score | Of which WICA | Public liability | Contents and stock |
|---|---|---|---|---|---|
| EQ InsuranceEQ Business Food & Beverage (Restaurant) | S$479.00 | 78 | About S$97.50 | S$500,000 | S$100,000 |
| Great AmericanEIP PLUS F&B | S$951.03 | 13 | About S$678.53 | S$500,000 | S$75,000 |
Questions people ask
Is EQ Insurance or Great American cheaper for WICA?
Of the 10 typical employers both are shown for on our pages, EQ Insurance was cheaper on 8, Great American on 2. Your own business can change the order.
How much of each price is WICA?
For a cafe with 5 staff: EQ Insurance about s$97.50 of S$479.00; Great American about s$678.53 of S$951.03.
How do I buy it?
Buy Now takes you to the insurer’s own site, where you buy the package with WICA with your company’s real details and the insurer issues the policy. Sompo, EQ, Tokio Marine and Great American take an application form instead: Apply Now sends your details to us, and we get the form, help you fill it in and place the cover. Ask Shenton to arrange sends us the plan you picked and we arrange it for you.