Work injury compensation insurance
Sompo vs EQ Insurance WICA insurance
Sompo and EQ Insurance side by side on the same typical employers, as business packages with WICA for all staff, from their published rates.
Which is cheaper
Of the 13 typical employers both are shown for on our pages, Sompo was cheaper on 2, EQ Insurance on 11. 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
| Employer | Sompo | EQ Insurance |
|---|---|---|
| Office20 staff, S$60,000 each | S$1,179.20Spectra Office | S$976.20EQ Business Office |
| Office25 staff, S$60,000 each | S$1,419.50Spectra Office | S$1,171.20EQ Business Office |
| Cafe5 staff | S$521.55Spectra Food and Beverage | S$479.00EQ Business Food & Beverage (Restaurant) |
| Cafe5 staff, S$60,000 each | S$653.70Spectra Food and Beverage | S$576.50EQ Business Food & Beverage (Restaurant) |
| Restaurant10 staff, S$60,000 each | S$918.00Spectra Food and Beverage | S$771.50EQ Business Food & Beverage (Restaurant) |
| Fast food outlet8 staff, S$60,000 each | S$812.28Spectra Food and Beverage | S$693.50EQ Business Food & Beverage (Restaurant) |
| Bakery4 staff | S$368.89Spectra Retail | S$417.20EQ Business Food & Beverage (Take-Away) |
| Bakery4 staff, S$60,000 each | S$465.01Spectra Retail | S$495.20EQ Business Food & Beverage (Take-Away) |
| Clothing shop5 staff, S$60,000 each | S$513.07Spectra Retail | S$434.80EQ Business Retail |
| Clothing shop10 staff, S$60,000 each | S$753.37Spectra Retail | S$629.80EQ Business Retail |
| Minimart3 staff, S$60,000 each | S$416.95Spectra Retail | S$356.80EQ Business Retail |
| Hair salon5 staff, S$60,000 each | S$535.96Spectra Service | S$467.50EQ Business Service |
| Laundry5 staff, S$60,000 each | S$535.96Spectra Service | S$467.50EQ Business Service |
Both packages for a professional services office with 20 staff
| Insurer | A year | Value score | Of which WICA | Public liability | Contents and stock |
|---|---|---|---|---|---|
| EQ InsuranceEQ Business Office | S$976.20 | 48 | About S$780.00 | S$500,000 | S$100,000 |
| SompoSpectra Office | S$1,179.20 | 47 | About S$961.20 | S$1,000,000 | S$150,000 |
Questions people ask
Is Sompo or EQ Insurance cheaper for WICA?
Of the 13 typical employers both are shown for on our pages, Sompo was cheaper on 2, EQ Insurance on 11. Your own business can change the order.
How much of each price is WICA?
For Office with 20 staff: WICA insurance on higher wages: Sompo about s$961.20 of S$1,179.20; 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.