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Work injury compensation insurance

Income vs Great American WICA insurance

Income and Great American 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 18 typical employers both are shown for on our pages, Income was cheaper on 9, Great American on 9. Neither is cheaper overall. 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.
EmployerIncomeGreat American
Cafe5 staffS$570.01SmartBiz 360 EssentialS$951.03EIP PLUS F&B
Cafe5 staff, S$60,000 eachS$690.02SmartBiz 360 EssentialS$1,670.43EIP PLUS F&B
Restaurant10 staffS$780.02SmartBiz 360 PremierS$1,670.43EIP PLUS F&B
Restaurant10 staff, S$60,000 eachS$930.04SmartBiz 360 EssentialS$3,109.23EIP PLUS F&B
Fast food outlet8 staffS$642.01SmartBiz 360 EssentialS$1,382.67EIP PLUS F&B
Fast food outlet8 staff, S$60,000 eachS$834.03SmartBiz 360 EssentialS$2,533.71EIP PLUS F&B
Bakery4 staff, S$60,000 eachS$659.96SmartBiz 360 EssentialS$386.41EIP PLUS Retail
Caterer5 staffS$570.01SmartBiz 360 EssentialS$951.03EIP PLUS F&B
Caterer5 staff, S$60,000 eachS$690.02SmartBiz 360 EssentialS$1,670.43EIP PLUS F&B
Clothing shop5 staff, S$60,000 eachS$749.95SmartBiz 360 EssentialS$438.73EIP PLUS Retail
Clothing shop10 staff, S$60,000 eachS$1,199.90SmartBiz 360 EssentialS$700.33EIP PLUS Retail
Minimart3 staff, S$60,000 eachS$569.97SmartBiz 360 EssentialS$334.09EIP PLUS Retail
Hair salon5 staffS$470.01SmartBiz 360 EssentialS$388.31EIP PLUS Services
Hair salon5 staff, S$60,000 eachS$590.02SmartBiz 360 EssentialS$584.51EIP PLUS Services
Gym5 staffS$470.01SmartBiz 360 EssentialS$388.31EIP PLUS Services
Gym5 staff, S$60,000 eachS$590.02SmartBiz 360 EssentialS$584.51EIP PLUS Services
Gym10 staffS$590.02SmartBiz 360 EssentialS$584.51EIP PLUS Services
Gym10 staff, S$60,000 eachS$830.04SmartBiz 360 EssentialS$976.91EIP PLUS Services

Both packages for a cafe with 5 staff

Income's and Great American's cheapest packages with WICA for a cafe with 5 staff: a year, GST included.
InsurerA yearValue scoreOf which WICAPublic liabilityContents and stock
IncomeSmartBiz 360 EssentialBuy NowS$570.0174About S$120.01S$1,000,000S$100,000
Great AmericanEIP PLUS F&BS$951.0313About S$678.53S$500,000S$75,000

Questions people ask

Is Income or Great American cheaper for WICA?

Of the 18 typical employers both are shown for on our pages, Income was cheaper on 9, Great American on 9. Neither is cheaper overall. Your own business can change the order.

How much of each price is WICA?

For a cafe with 5 staff: Income about s$120.01 of S$570.01; 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.