Income · Work injury compensation insurance
Income work injury compensation insurance
Income's work injury compensation, sold in its business package, priced for typical employers from its published rates, where it stands against the other insurers, and how to take it up.
In short
- Shown for 35 of our typical employers, from S$392.01 to S$1,410.07 a year; the cheapest shown on 0.
- Income is on MOM's list of designated WICA insurers (as at 23 September 2026). MOM's designated insurers.
- You buy on Income's own site: Buy Now takes you there, and Income issues the policy.
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.
Its price for each employer
| Employer | Plan | A year | Of which WICA | Place | Lowest of all |
|---|---|---|---|---|---|
| Office20 staff | SmartBiz 360 Premier | S$730.04 | About S$480.04 | 4 of 4 | S$708.50 (HL Assurance) |
| Office20 staff, S$60,000 each | SmartBiz 360 Essential | S$1,150.07 | About S$960.07 | 5 of 6 | S$708.50 (HL Assurance) |
| Office25 staff | SmartBiz 360 Premier | S$850.05 | About S$600.05 | 3 of 3 | S$817.50 (HL Assurance) |
| Office25 staff, S$60,000 each | SmartBiz 360 Essential | S$1,390.09 | About S$1,200.09 | 3 of 4 | S$817.50 (HL Assurance) |
| Cafe5 staff | SmartBiz 360 Essential | S$570.01 | About S$120.01 | 4 of 6 | S$463.25 (HL Assurance) |
| Cafe5 staff, S$60,000 each | SmartBiz 360 Essential | S$690.02 | About S$240.02 | 4 of 6 | S$463.25 (HL Assurance) |
| Restaurant10 staff | SmartBiz 360 Premier | S$780.02 | About S$240.02 | 2 of 4 | S$708.50 (HL Assurance) |
| Restaurant10 staff, S$60,000 each | SmartBiz 360 Essential | S$930.04 | About S$480.04 | 4 of 6 | S$708.50 (HL Assurance) |
| Restaurant20 staff, S$60,000 each | SmartBiz 360 Essential | S$1,410.07 | About S$960.07 | 2 of 4 | S$1,199.00 (HL Assurance) |
| Fast food outlet8 staff | SmartBiz 360 Essential | S$642.01 | About S$192.01 | 2 of 4 | S$610.40 (HL Assurance) |
| Fast food outlet8 staff, S$60,000 each | SmartBiz 360 Essential | S$834.03 | About S$384.03 | 4 of 6 | S$610.40 (HL Assurance) |
| Bakery4 staff | SmartBiz 360 Essential | S$479.98 | About S$179.98 | 4 of 5 | S$348.80 (HL Assurance) |
| Bakery4 staff, S$60,000 each | SmartBiz 360 Essential | S$659.96 | About S$359.96 | 6 of 6 | S$348.80 (HL Assurance) |
| Caterer5 staff | SmartBiz 360 Essential | S$570.01 | About S$120.01 | 3 of 4 | S$463.25 (HL Assurance) |
| Caterer5 staff, S$60,000 each | SmartBiz 360 Essential | S$690.02 | About S$240.02 | 3 of 4 | S$463.25 (HL Assurance) |
| Clothing shop5 staff | SmartBiz 360 Essential | S$524.98 | About S$224.98 | 3 of 4 | S$381.50 (HL Assurance) |
| Clothing shop5 staff, S$60,000 each | SmartBiz 360 Essential | S$749.95 | About S$449.95 | 6 of 6 | S$381.50 (HL Assurance) |
| Clothing shop10 staff | SmartBiz 360 Essential | S$749.95 | About S$449.95 | 2 of 3 | S$545.00 (HL Assurance) |
| Clothing shop10 staff, S$60,000 each | SmartBiz 360 Essential | S$1,199.90 | About S$899.90 | 6 of 6 | S$545.00 (HL Assurance) |
| Minimart3 staff | SmartBiz 360 Essential | S$434.99 | About S$134.99 | 6 of 6 | S$316.10 (HL Assurance) |
| Minimart3 staff, S$60,000 each | SmartBiz 360 Essential | S$569.97 | About S$269.97 | 8 of 8 | S$316.10 (HL Assurance) |
| Medical clinic5 staff | SmartBiz 360 Essential | S$504.98 | About S$224.98 | 4 of 4 | S$327.00 (HL Assurance) |
| Medical clinic5 staff, S$60,000 each | SmartBiz 360 Essential | S$729.95 | About S$449.95 | 4 of 4 | S$327.00 (HL Assurance) |
| Medical clinic10 staff | SmartBiz 360 Essential | S$729.95 | About S$449.95 | 4 of 4 | S$436.00 (HL Assurance) |
| Medical clinic10 staff, S$60,000 each | SmartBiz 360 Essential | S$1,179.90 | About S$899.90 | 4 of 4 | S$436.00 (HL Assurance) |
| Dental clinic8 staff | SmartBiz 360 Essential | S$639.96 | About S$359.96 | 4 of 4 | S$392.40 (HL Assurance) |
| Dental clinic8 staff, S$60,000 each | SmartBiz 360 Essential | S$999.92 | About S$719.92 | 4 of 4 | S$392.40 (HL Assurance) |
| Hair salon5 staff | SmartBiz 360 Essential | S$470.01 | About S$120.01 | 5 of 5 | S$381.50 (HL Assurance) |
| Hair salon5 staff, S$60,000 each | SmartBiz 360 Essential | S$590.02 | About S$240.02 | 6 of 6 | S$381.50 (HL Assurance) |
| Gym5 staff | SmartBiz 360 Essential | S$470.01 | About S$120.01 | 3 of 3 | S$388.31 (Great American) |
| Gym5 staff, S$60,000 each | SmartBiz 360 Essential | S$590.02 | About S$240.02 | 3 of 3 | S$535.96 (Sompo) |
| Gym10 staff | SmartBiz 360 Essential | S$590.02 | About S$240.02 | 3 of 3 | S$535.96 (Sompo) |
| Gym10 staff, S$60,000 each | SmartBiz 360 Essential | S$830.04 | About S$480.04 | 2 of 3 | S$776.26 (Sompo) |
| Tuition centre3 staff | SmartBiz 360 Essential | S$392.01 | About S$72.01 | 2 of 2 | S$319.26 (Etiqa) |
| Tuition centre3 staff, S$60,000 each | SmartBiz 360 Essential | S$464.01 | About S$144.01 | 2 of 2 | S$319.26 (Etiqa) |
Income for a professional services office with 20 staff
| Insurer | A year | Value score | Of which WICA | Public liability | Contents and stock |
|---|---|---|---|---|---|
| IncomeSmartBiz 360 PremierBuy Now | S$730.04 | 50 | About S$480.04 | S$1,500,000 | S$150,000 |
- Priced as Income’s Office category, work injury at its office-staff rate.
- Of this price, work injury compensation is about S$480.04.
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 Income WICA insurance?
As a business package with WICA for all staff, for the 35 typical employers it is shown for on our pages, from S$392.01 to S$1,410.07 a year on today's published rates, GST included. It is the cheapest shown for 0 of them.
How much of Income's price is WICA?
For a professional services office with 20 staff, SmartBiz 360 Premier: about s$480.04 of S$730.04.
What else does Income's package cover?
SmartBiz 360 Premier: contents and stocks S$150,000; public liability S$1,500,000; work injury compensation 20 employees; business interruption S$500 a day.
Can Income issue WICA?
Income is on MOM's list of designated WICA insurers (as at 23 September 2026).
How do I get Income's WICA?
You buy on Income's own site: Buy Now takes you there, and Income issues the policy. Ask Shenton to arrange sends us the plan and we arrange it for you.