Work injury compensation insurance explained
How much is work injury compensation (WICA) insurance in Singapore?
What a business package with WICA for all staff costs today for 19 typical employers, on wages of S$30,000 and S$60,000 a staff member, from the insurers' published rates.
What each employer pays today
| Employer | Lowest a year | Cheapest insurer | Of which WICA | On S$60,000 each |
|---|---|---|---|---|
| Minimart3 staff | S$316.10 | HL Assurance | S$98.10 | S$316.10 |
| Tuition centre3 staff | S$319.26 | Etiqa | S$43.15 | S$319.26 |
| Medical clinic5 staff | S$327.00 | HL Assurance | S$109.00 | S$327.00 |
| Bakery4 staff | S$348.80 | HL Assurance | S$130.80 | S$348.80 |
| Clothing shop5 staff | S$381.50 | HL Assurance | S$163.50 | S$381.50 |
| Hair salon5 staff | S$381.50 | HL Assurance | S$163.50 | S$381.50 |
| Laundry5 staff | S$381.50 | HL Assurance | S$163.50 | S$381.50 |
| Gym5 staff | S$388.31 | Great American | S$115.81 | S$535.96 |
| Dental clinic8 staff | S$392.40 | HL Assurance | S$174.40 | S$392.40 |
| Medical clinic10 staff | S$436.00 | HL Assurance | S$218.00 | S$436.00 |
| Cafe5 staff | S$463.25 | HL Assurance | S$245.25 | S$463.25 |
| Caterer5 staff | S$463.25 | HL Assurance | S$245.25 | S$463.25 |
| Gym10 staff | S$535.96 | Sompo | S$240.30 | S$776.26 |
| Clothing shop10 staff | S$545.00 | HL Assurance | S$327.00 | S$545.00 |
| Fast food outlet8 staff | S$610.40 | HL Assurance | S$392.40 | S$610.40 |
| Office20 staff | S$708.50 | HL Assurance | Included | S$708.50 |
| Restaurant10 staff | S$708.50 | HL Assurance | S$490.50 | S$708.50 |
| Office25 staff | S$817.50 | HL Assurance | Included | S$817.50 |
| Restaurant20 staff | S$1,199.00 | HL Assurance | S$981.00 | S$1,199.00 |
What WICA adds to a business package, business by business.
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. Every employer · Price your own staff.
How these prices are worked out
Each package is priced from the insurer’s own published rates: the tables swept off Etiqa’s, HL Assurance’s and MSIG’s online quotes, Income’s sampled online prices, and the premium tables on Sompo’s, EQ’s, Tokio Marine’s and Great American’s application forms, with contents at the packages’ minimum of S$75,000 and no building. The WICA share is the same package priced without WICA, taken off. GST is included. Work injury is at each insurer's office-staff rate; staff who do manual work are rated higher. Allianz quotes its package live, so it is not on these pages. Shenton Brokers is an insurance broker in Singapore. Every employer is in a CSV file, updated daily.
Questions people ask
How much is WICA insurance?
For the employers on our pages, the lowest price for a business package with WICA for all staff runs from S$316.10 a year (a minimart or provision shop with 3 staff) to S$1,199.00 (a restaurant with 20 staff), GST included.
How much is it per staff member?
From S$32.70 to S$106.42 a staff member a year at the lowest price, for the whole package.
What moves the price?
What the business does, the number of staff and their wages. Each insurer its own way: Sompo, EQ, Great American and Income on the wages (Income at its office-staff rate); Tokio Marine per head; Etiqa’s BOSS plans with WICA include up to 3 employees in the price.
Does manual work cost more?
Yes. 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 here.
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.