Work injury compensation insurance
Does work injury compensation insurance cover all your employees?
Yes, up to a set number of staff. All 8 insurers we price cover your employees under WICA, but most cap the headcount: Etiqa's base price covers 3, and the others take 20 to 50 where a cap is given. Every price on this page covers all 5 staff in the example. WICA is compulsory for all manual workers and for other staff earning up to S$2,600 a month.
The figures
- Insurers compared: 8.
- Insurers whose plans include it: 8, 6 of them with limits.
- Cheapest plan from an insurer that covers it, for a cafe with 5 staff on wages of S$150,000 a year in all: HL Assurance Business Protect360, S$463.25 a year.
- No insurer sells WICA on its own online, but every business package includes it, so these prices are business packages with WICA for all staff, with the part that is WICA shown on each plan. The insurers put work injury at their office-staff rate online; staff who do manual work are rated higher, so their cover costs more than shown.
What each insurer says
| Insurer | Covered? | What its details say | A year |
|---|---|---|---|
| EQ InsuranceYesEQ Business Food & Beverage (Restaurant), S$479.00 | Yes | EQ’s forms price WICA on annual wages by job class (per employee by wage band on its Pubs, Bars & Lounge form). The forms we hold set no headcount limit. | S$479.00 |
| IncomeYesSmartBiz 360 Essential, S$570.01Buy Now | Yes | Income’s funnel prices WICA on the annual wages of the staff you insure, at its category’s rate. The rates we hold set no headcount limit. | S$570.01 |
| HL AssuranceYes, with limitsBusiness Protect360, S$463.25Buy Now | Yes, with limits | HL Assurance’s online quote takes up to 50 employees under WICA, priced per head or on wages by trade. | S$463.25 |
| SompoYes, with limitsSpectra Food and Beverage, S$521.55 | Yes, with limits | Sompo’s forms take up to 25 employees under WICA, priced as a share of annual earnings. | S$521.55 |
| Tokio MarineYes, with limitsTM Dining Suite, S$741.20 | Yes, with limits | Tokio Marine’s suites include WICA for 3 employees; its form prices more per head, up to 20. | S$741.20 |
| Great AmericanYes, with limitsEIP PLUS F&B, S$951.03 | Yes, with limits | Great American’s form takes up to 25 employees and S$1,000,000 of annual wages under WICA; past either it is Great American’s own quote. | S$951.03 |
| EtiqaYes, with limitsNo price for this business: its BOSS plans with WICA cover up to 3 employees. Get its price | Yes, with limits | Etiqa’s BOSS plans with WICA cover up to 3 employees in the base premium; more are an add-on on Etiqa’s own pages. | – |
| MSIGYes, with limitsNot shown for this business: its package is priced below HL Assurance’s, our featured insurer. Get its price | Yes, with limits | SUMO’s quote takes up to 20 employees under WICA; its base plan for this business includes 5 employees and prices more per head. | – |
All prices include 9% GST. A dash means no price on this page. Each insurer's policy wording is the final word on what is covered.
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.
Allianz quotes its Smart SME package, with WICA, live from its own site, so it is not priced on this page: see it with your own answers on our work injury compensation page, or press Ask Shenton to arrange.
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.
See every insurer's price for your own staff, or ask us to arrange the cover.
Compare work injury compensation insuranceQuestions people ask
Does work injury compensation insurance cover all your employees?
Yes, up to a set number of staff. All 8 insurers we price cover your employees under WICA, but most cap the headcount: Etiqa's base price covers 3, and the others take 20 to 50 where a cap is given. Every price on this page covers all 5 staff in the example. WICA is compulsory for all manual workers and for other staff earning up to S$2,600 a month.
Where do these answers come from?
From what we hold of each insurer's plans: the benefits in our rate tables and the insurers' own brochures and application forms, for 8 insurers. Where an insurer's details do not say, we say so. The policy wording is the final word on what is covered.
Which plan is cheapest?
For a cafe with 5 staff on wages of S$150,000 a year in all, HL Assurance Business Protect360 is the cheapest plan from an insurer that covers it, at S$463.25 a year today, GST included.