Shenton Brokers
Log in
← Compare WICA insurers

Work injury compensation insurance

Income vs Tokio Marine WICA insurance

Income 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 25 typical employers both are shown for on our pages, Income was cheaper on 10, Tokio Marine on 15. 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.
EmployerIncomeTokio Marine
Office20 staffS$730.04SmartBiz 360 PremierS$724.85TM Office Suite
Office20 staff, S$60,000 eachS$1,150.07SmartBiz 360 EssentialS$724.85TM Office Suite
Cafe5 staffS$570.01SmartBiz 360 EssentialS$741.20TM Dining Suite
Cafe5 staff, S$60,000 eachS$690.02SmartBiz 360 EssentialS$741.20TM Dining Suite
Restaurant10 staffS$780.02SmartBiz 360 PremierS$1,231.70TM Dining Suite
Restaurant10 staff, S$60,000 eachS$930.04SmartBiz 360 EssentialS$1,231.70TM Dining Suite
Restaurant20 staff, S$60,000 eachS$1,410.07SmartBiz 360 EssentialS$2,212.70TM Dining Suite
Fast food outlet8 staffS$642.01SmartBiz 360 EssentialS$1,035.50TM Dining Suite
Fast food outlet8 staff, S$60,000 eachS$834.03SmartBiz 360 EssentialS$1,035.50TM Dining Suite
Bakery4 staffS$479.98SmartBiz 360 EssentialS$643.10TM Dining Suite
Bakery4 staff, S$60,000 eachS$659.96SmartBiz 360 EssentialS$643.10TM Dining Suite
Clothing shop5 staffS$524.98SmartBiz 360 EssentialS$528.65TM Retail Suite
Clothing shop5 staff, S$60,000 eachS$749.95SmartBiz 360 EssentialS$528.65TM Retail Suite
Clothing shop10 staffS$749.95SmartBiz 360 EssentialS$801.15TM Retail Suite
Clothing shop10 staff, S$60,000 eachS$1,199.90SmartBiz 360 EssentialS$801.15TM Retail Suite
Minimart3 staffS$434.99SmartBiz 360 EssentialS$419.65TM Retail Suite
Minimart3 staff, S$60,000 eachS$569.97SmartBiz 360 EssentialS$419.65TM Retail Suite
Medical clinic5 staffS$504.98SmartBiz 360 EssentialS$414.20TM Service Suite
Medical clinic5 staff, S$60,000 eachS$729.95SmartBiz 360 EssentialS$414.20TM Service Suite
Medical clinic10 staffS$729.95SmartBiz 360 EssentialS$632.20TM Service Suite
Medical clinic10 staff, S$60,000 eachS$1,179.90SmartBiz 360 EssentialS$632.20TM Service Suite
Dental clinic8 staffS$639.96SmartBiz 360 EssentialS$545.00TM Service Suite
Dental clinic8 staff, S$60,000 eachS$999.92SmartBiz 360 EssentialS$545.00TM Service Suite
Hair salon5 staffS$470.01SmartBiz 360 EssentialS$414.20TM Service Suite
Hair salon5 staff, S$60,000 eachS$590.02SmartBiz 360 EssentialS$414.20TM Service Suite

Both packages for a professional services office with 20 staff

Income'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
Tokio MarineTM Office SuiteS$724.8537About S$463.25S$500,000S$100,000
IncomeSmartBiz 360 PremierBuy NowS$730.0450About S$480.04S$1,500,000S$150,000

Questions people ask

Is Income or Tokio Marine cheaper for WICA?

Of the 25 typical employers both are shown for on our pages, Income was cheaper on 10, Tokio Marine on 15. Your own business can change the order.

How much of each price is WICA?

For a professional services office with 20 staff: Income about s$480.04 of S$730.04; 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.