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Work injury compensation insurance

HL Assurance vs Tokio Marine WICA insurance

HL Assurance and Tokio Marine 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 28 typical employers both are shown for on our pages, HL Assurance was cheaper on 28, Tokio Marine 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 AssuranceTokio Marine
Office20 staffS$708.50Business Protect360S$724.85TM Office Suite
Office20 staff, S$60,000 eachS$708.50Business Protect360S$724.85TM Office Suite
Cafe5 staffS$463.25Business Protect360S$741.20TM Dining Suite
Cafe5 staff, S$60,000 eachS$463.25Business Protect360S$741.20TM Dining Suite
Restaurant10 staffS$708.50Business Protect360S$1,231.70TM Dining Suite
Restaurant10 staff, S$60,000 eachS$708.50Business Protect360S$1,231.70TM Dining Suite
Restaurant20 staffS$1,199.00Business Protect360S$2,212.70TM Dining Suite
Restaurant20 staff, S$60,000 eachS$1,199.00Business Protect360S$2,212.70TM Dining Suite
Fast food outlet8 staffS$610.40Business Protect360S$1,035.50TM Dining Suite
Fast food outlet8 staff, S$60,000 eachS$610.40Business Protect360S$1,035.50TM Dining Suite
Bakery4 staffS$348.80Business Protect360S$643.10TM Dining Suite
Bakery4 staff, S$60,000 eachS$348.80Business Protect360S$643.10TM Dining Suite
Clothing shop5 staffS$381.50Business Protect360S$528.65TM Retail Suite
Clothing shop5 staff, S$60,000 eachS$381.50Business Protect360S$528.65TM Retail Suite
Clothing shop10 staffS$545.00Business Protect360S$801.15TM Retail Suite
Clothing shop10 staff, S$60,000 eachS$545.00Business Protect360S$801.15TM Retail Suite
Minimart3 staffS$316.10Business Protect360S$419.65TM Retail Suite
Minimart3 staff, S$60,000 eachS$316.10Business Protect360S$419.65TM Retail Suite
Medical clinic5 staffS$327.00Business Protect360S$414.20TM Service Suite
Medical clinic5 staff, S$60,000 eachS$327.00Business Protect360S$414.20TM Service Suite
Medical clinic10 staffS$436.00Business Protect360S$632.20TM Service Suite
Medical clinic10 staff, S$60,000 eachS$436.00Business Protect360S$632.20TM Service Suite
Dental clinic8 staffS$392.40Business Protect360S$545.00TM Service Suite
Dental clinic8 staff, S$60,000 eachS$392.40Business Protect360S$545.00TM Service Suite
Hair salon5 staffS$381.50Business Protect360S$414.20TM Service Suite
Hair salon5 staff, S$60,000 eachS$381.50Business Protect360S$414.20TM Service Suite
Laundry5 staffS$381.50Business Protect360S$414.20TM Service Suite
Laundry5 staff, S$60,000 eachS$381.50Business Protect360S$414.20TM Service Suite

Both packages for a professional services office with 20 staff

HL Assurance's and Tokio Marine'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
Tokio MarineTM Office SuiteS$724.8537About S$463.25S$500,000S$100,000

Questions people ask

Is HL Assurance or Tokio Marine cheaper for WICA?

Of the 28 typical employers both are shown for on our pages, HL Assurance was cheaper on 28, Tokio Marine 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; 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.