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Work injury compensation insurance

HL Assurance vs Income WICA insurance

HL Assurance and Income 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 29 typical employers both are shown for on our pages, HL Assurance was cheaper on 29, Income 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 AssuranceIncome
Office20 staffS$708.50Business Protect360S$730.04SmartBiz 360 Premier
Office20 staff, S$60,000 eachS$708.50Business Protect360S$1,150.07SmartBiz 360 Essential
Office25 staffS$817.50Business Protect360S$850.05SmartBiz 360 Premier
Office25 staff, S$60,000 eachS$817.50Business Protect360S$1,390.09SmartBiz 360 Essential
Cafe5 staffS$463.25Business Protect360S$570.01SmartBiz 360 Essential
Cafe5 staff, S$60,000 eachS$463.25Business Protect360S$690.02SmartBiz 360 Essential
Restaurant10 staffS$708.50Business Protect360S$780.02SmartBiz 360 Premier
Restaurant10 staff, S$60,000 eachS$708.50Business Protect360S$930.04SmartBiz 360 Essential
Restaurant20 staff, S$60,000 eachS$1,199.00Business Protect360S$1,410.07SmartBiz 360 Essential
Fast food outlet8 staffS$610.40Business Protect360S$642.01SmartBiz 360 Essential
Fast food outlet8 staff, S$60,000 eachS$610.40Business Protect360S$834.03SmartBiz 360 Essential
Bakery4 staffS$348.80Business Protect360S$479.98SmartBiz 360 Essential
Bakery4 staff, S$60,000 eachS$348.80Business Protect360S$659.96SmartBiz 360 Essential
Caterer5 staffS$463.25Business Protect360S$570.01SmartBiz 360 Essential
Caterer5 staff, S$60,000 eachS$463.25Business Protect360S$690.02SmartBiz 360 Essential
Clothing shop5 staffS$381.50Business Protect360S$524.98SmartBiz 360 Essential
Clothing shop5 staff, S$60,000 eachS$381.50Business Protect360S$749.95SmartBiz 360 Essential
Clothing shop10 staffS$545.00Business Protect360S$749.95SmartBiz 360 Essential
Clothing shop10 staff, S$60,000 eachS$545.00Business Protect360S$1,199.90SmartBiz 360 Essential
Minimart3 staffS$316.10Business Protect360S$434.99SmartBiz 360 Essential
Minimart3 staff, S$60,000 eachS$316.10Business Protect360S$569.97SmartBiz 360 Essential
Medical clinic5 staffS$327.00Business Protect360S$504.98SmartBiz 360 Essential
Medical clinic5 staff, S$60,000 eachS$327.00Business Protect360S$729.95SmartBiz 360 Essential
Medical clinic10 staffS$436.00Business Protect360S$729.95SmartBiz 360 Essential
Medical clinic10 staff, S$60,000 eachS$436.00Business Protect360S$1,179.90SmartBiz 360 Essential
Dental clinic8 staffS$392.40Business Protect360S$639.96SmartBiz 360 Essential
Dental clinic8 staff, S$60,000 eachS$392.40Business Protect360S$999.92SmartBiz 360 Essential
Hair salon5 staffS$381.50Business Protect360S$470.01SmartBiz 360 Essential
Hair salon5 staff, S$60,000 eachS$381.50Business Protect360S$590.02SmartBiz 360 Essential

Both packages for a professional services office with 20 staff

HL Assurance's and Income'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
IncomeSmartBiz 360 PremierBuy NowS$730.0450About S$480.04S$1,500,000S$150,000

Questions people ask

Is HL Assurance or Income cheaper for WICA?

Of the 29 typical employers both are shown for on our pages, HL Assurance was cheaper on 29, Income on 0. Your own business can change the order.

How much of each price is WICA?

For a professional services office with 20 staff: HL Assurance included in the package price of S$708.50; Income about s$480.04 of S$730.04.

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.