Work injury compensation insurance
EQ Insurance vs Tokio Marine WICA insurance
EQ Insurance and Tokio Marine 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 12 typical employers both are shown for on our pages, EQ Insurance was cheaper on 9, Tokio Marine on 3. 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 | Tokio Marine |
|---|---|---|
| Office20 staff, S$60,000 each | S$976.20EQ Business Office | S$724.85TM Office Suite |
| Cafe5 staff | S$479.00EQ Business Food & Beverage (Restaurant) | S$741.20TM Dining Suite |
| Cafe5 staff, S$60,000 each | S$576.50EQ Business Food & Beverage (Restaurant) | S$741.20TM Dining Suite |
| Restaurant10 staff, S$60,000 each | S$771.50EQ Business Food & Beverage (Restaurant) | S$1,231.70TM Dining Suite |
| Fast food outlet8 staff, S$60,000 each | S$693.50EQ Business Food & Beverage (Restaurant) | S$1,035.50TM Dining Suite |
| Bakery4 staff | S$417.20EQ Business Food & Beverage (Take-Away) | S$643.10TM Dining Suite |
| Bakery4 staff, S$60,000 each | S$495.20EQ Business Food & Beverage (Take-Away) | S$643.10TM Dining Suite |
| Clothing shop5 staff, S$60,000 each | S$434.80EQ Business Retail | S$528.65TM Retail Suite |
| Clothing shop10 staff, S$60,000 each | S$629.80EQ Business Retail | S$801.15TM Retail Suite |
| Minimart3 staff, S$60,000 each | S$356.80EQ Business Retail | S$419.65TM Retail Suite |
| Hair salon5 staff, S$60,000 each | S$467.50EQ Business Service | S$414.20TM Service Suite |
| Laundry5 staff, S$60,000 each | S$467.50EQ Business Service | S$414.20TM Service Suite |
Both packages for a professional services office with 20 staff
| Insurer | A year | Value score | Of which WICA | Public liability | Contents and stock |
|---|---|---|---|---|---|
| Tokio MarineTM Office Suite | S$724.85 | 73 | About S$463.25 | S$500,000 | S$100,000 |
| EQ InsuranceEQ Business Office | S$976.20 | 48 | About S$780.00 | S$500,000 | S$100,000 |
Questions people ask
Is EQ Insurance or Tokio Marine cheaper for WICA?
Of the 12 typical employers both are shown for on our pages, EQ Insurance was cheaper on 9, Tokio Marine on 3. Your own business can change the order.
How much of each price is WICA?
For Office with 20 staff: WICA insurance on higher wages: EQ Insurance about s$780.00 of S$976.20; Tokio Marine about s$463.25 of S$724.85.
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.