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Work injury compensation insurance

HL Assurance vs EQ Insurance WICA insurance

HL Assurance and EQ Insurance side by side on the same typical employers, as business packages with WICA for all staff, from their published rates.

By , Writer · Prices as of 12 Nov 2026, GST included.

Which is cheaper

Of the 13 typical employers both are shown for on our pages, HL Assurance was cheaper on 13, EQ Insurance on 0. 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

Each insurer's cheapest package with WICA for all staff, a year, GST included. Open an employer for every insurer's package and its Apply Now or Buy Now.
EmployerHL AssuranceEQ Insurance
Office20 staff, S$60,000 eachS$708.50Business Protect360S$976.20EQ Business Office
Office25 staff, S$60,000 eachS$817.50Business Protect360S$1,171.20EQ Business Office
Cafe5 staffS$463.25Business Protect360S$479.00EQ Business Food & Beverage (Restaurant)
Cafe5 staff, S$60,000 eachS$463.25Business Protect360S$576.50EQ Business Food & Beverage (Restaurant)
Restaurant10 staff, S$60,000 eachS$708.50Business Protect360S$771.50EQ Business Food & Beverage (Restaurant)
Fast food outlet8 staff, S$60,000 eachS$610.40Business Protect360S$693.50EQ Business Food & Beverage (Restaurant)
Bakery4 staffS$348.80Business Protect360S$417.20EQ Business Food & Beverage (Take-Away)
Bakery4 staff, S$60,000 eachS$348.80Business Protect360S$495.20EQ Business Food & Beverage (Take-Away)
Clothing shop5 staff, S$60,000 eachS$381.50Business Protect360S$434.80EQ Business Retail
Clothing shop10 staff, S$60,000 eachS$545.00Business Protect360S$629.80EQ Business Retail
Minimart3 staff, S$60,000 eachS$316.10Business Protect360S$356.80EQ Business Retail
Hair salon5 staff, S$60,000 eachS$381.50Business Protect360S$467.50EQ Business Service
Laundry5 staff, S$60,000 eachS$381.50Business Protect360S$467.50EQ Business Service

Both packages for a professional services office with 20 staff

HL Assurance's and EQ Insurance's cheapest packages with WICA for a professional services office with 20 staff: a year, GST included.
InsurerA yearValue scoreOf which WICAPublic liabilityContents and stock
HL AssuranceFeaturedBusiness Protect360Buy NowS$708.5081Included in the package priceS$1,000,000S$100,000
EQ InsuranceEQ Business OfficeS$976.2048About S$780.00S$500,000S$100,000

Questions people ask

Is HL Assurance or EQ Insurance cheaper for WICA?

Of the 13 typical employers both are shown for on our pages, HL Assurance was cheaper on 13, EQ Insurance on 0. Your own business can change the order.

How much of each price is WICA?

For Office with 20 staff: WICA insurance on higher wages: HL Assurance included in the package price of S$708.50; EQ Insurance about s$780.00 of S$976.20.

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.