Typical work injury compensation (WICA) insurance quotes in Singapore
Work injury compensation insurance for a minimart or provision shop with 3 staff
What work injury compensation costs today for a minimart or provision shop with 3 staff on wages of S$90,000 a year in all. Each price is a business package with WICA for all staff, from the insurer's own published rates, a year, GST included.
In short
On 12 Nov 2026, a business package with work injury compensation for all staff costs a minimart or provision shop with 3 staff on wages of S$90,000 a year in all from S$316.10 a year (GST included) at HL Assurance (Business Protect360), of which WICA is about S$98.10; 6 insurers are shown here.
- Cheapest: S$316.10 a year at HL Assurance (Business Protect360).
Price your own staff on our work injury compensation page: it asks what your business does, your staff and their wages.
Insurer by insurer
| Insurer | A year | Value score | Of which WICA | Public liability | Contents and stock |
|---|---|---|---|---|---|
| HL AssuranceFeaturedBusiness Protect360Buy Now | S$316.10 | 75 | About S$98.10 | S$500,000 | S$100,000 |
| MSIGSUMOBuy Now | S$333.06 | 77 | Included in the package price | S$1,000,000 | S$100,000 |
| SompoSpectra Retail | S$344.86 | 87 | About S$72.09 | S$1,000,000 | S$150,000 |
| EtiqaBOSS Standard SuiteBuy Now | S$386.96 | 57 | About S$62.13 | S$500,000 | S$100,000 |
| Tokio MarineTM Retail Suite | S$419.65 | 49 | Included in the package price | S$500,000 | S$100,000 |
| IncomeSmartBiz 360 EssentialBuy Now | S$434.99 | 51 | About S$134.99 | S$1,000,000 | S$100,000 |
| EtiqaBOSS Super SuiteBuy Now | S$501.41 | 28 | About S$62.13 | S$500,000 | S$100,000 |
| IncomeSmartBiz 360 PremierBuy Now | S$514.99 | 50 | About S$134.99 | S$1,500,000 | S$150,000 |
How each price is worked out:
- HL Assurance Business Protect360: Priced as HL Assurance’s Retail and Services package. Of this price, work injury compensation is about S$98.10.
- MSIG SUMO: Priced as MSIG’s Service and Retail plan. Work injury compensation is included in the package price.
- Sompo Spectra Retail: Priced from Sompo’s own application form. Of this price, work injury compensation is about S$72.09.
- Etiqa BOSS Standard Suite: Priced as Etiqa’s Retail Store/Shop trade Of this price, work injury compensation is about S$62.13.
- Tokio Marine TM Retail Suite: Priced from Tokio Marine’s own proposal form — you apply to Tokio Marine, not buy online Work injury compensation is included in the package price.
- Income SmartBiz 360 Essential: Priced as Income’s Retail category, work injury at its office-staff rate. Of this price, work injury compensation is about S$134.99.
- Etiqa BOSS Super Suite: Priced as Etiqa’s Retail Store/Shop trade. Everything in Standard Suite, and: Of this price, work injury compensation is about S$62.13.
- Income SmartBiz 360 Premier: Priced as Income’s Retail category, work injury at its office-staff rate. Of this price, work injury compensation is about S$134.99.
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.
Higher wages
- S$60,000 a staff member: from S$316.10 at HL Assurance
What would change the price
| Change | Lowest price | Difference |
|---|---|---|
| 6 staffInstead of 3, on the same wages each. Cheapest: HL Assurance. | S$414.20 | +S$98.10 |
| 1 staffInstead of 3, on the same wages each. Cheapest: HL Assurance. | S$250.70 | −S$65.40 |
Why it costs this
For a minimart or provision shop with 3 staff on wages of S$90,000 a year in all:
- 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.
- 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. So more staff, or higher wages, cost more at most insurers.
- HL Assurance’s Business Protect360 prices work injury per head for this kind of business, so the wages do not move its price.
- 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. Here 2 packages priced below HL Assurance’s are left out.
Price history
For a minimart or provision shop with 3 staff on wages of S$90,000 a year in all: Since 10 Nov 2026 the lowest price is unchanged, and HL Assurance has been cheapest throughout.
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. This page's figures and every employer are in CSV files, updated daily.
Every employer · Compare work injury compensation insurance for your own staff.
Questions people ask
How much is WICA insurance for a minimart or provision shop with 3 staff?
From S$316.10 a year at HL Assurance (Business Protect360) on today's published rates, GST included, for the business package with WICA for all staff on wages of S$90,000 a year in all. Of that, WICA is about S$98.10.
Can I buy WICA on its own?
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. Ask Shenton to arrange and we ask the insurers for a WICA policy on its own.
Do I need WICA?
Compulsory for all employees doing manual work, and for non-manual employees earning up to S$2,600 a month. The policy must be with an insurer designated by MOM.
Has the price changed?
Since 10 Nov 2026 the lowest price is unchanged, and HL Assurance has been cheapest throughout.
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.
Why might my own price be different?
What the business does, the number of staff and their wages set the price on these pages, with contents at the packages’ minimum and no building. Staff who do manual work are rated higher, and the insurers ask about past claims. Our work injury compensation page prices your own business.