Workmen Compensation Insurance Singapore

All workers who perform manual labour regardless of salary level.

Workmen compensation insurance singapore. Work injury compensation insurance fulfill your liability to your employees under the work injury compensation act wica an employer is liable to compensate an employee for death sickness or injuries arising out of and during the period of employment. Covers your liability as an employer under the work injury compensation act and any legal liability arising from claims by your employees at common law. It is required to offer a prescribed work injury compensation insurance that meets the legal requirements of the work injury compensation act 2019. Includes who needs to be insured what to look out for in contracts who should pay and when to notify mom about insurance.

All employees doing manual work regardless of salary level. As such chubb has developed the chubb work guard to safeguard employers liability and offer value added services. Your employees will have to bear the excess medical expenses beyond the limit of the work injury compensation insurance. Check a claim status.

Work injury compensation insurance. In singapore it is a statutory requirement to provide work injury compensation insurance for. Under singapore s work injury compensation act wica employers are legally liable to pay compensation to workers who become hurt or sick while performing work related activities. Workers compensation is complicated by the fact that it is partly governed by the work injury compensation act and also by common law.

Msig insurance singapore pte. All employees doing non manual work earning a salary of 2 100 or less a month excluding any overtime payment bonus payment annual wage supplement productivity incentive payment and any allowance. Innovative and cost effective workers compensation solutions. Alternatively they can claim these excess medical expenses under their medical insurance provided that your employees had purchased such insurance.

If you are an employer you are required to buy work injury compensation insurance for. The salary threshold for non manual employees to be insured was raised from s 1 600 to s 2 100 in april 2020. How to file and what to expect in a work injury claim dispute. As such policy reforms will fully kick in from 1 january 2021 when policies are issued with the inception date from 1 january 2021 by eq insurance all claims related handling will now be administered by eqi instead of the past present.

The work injury compensation policy covers the employer for such liabilities in respect of specified workers and is compulsory as per section 23 of the work injury compensation act cap. Enhanced medical expenses of s 50 000 per employee per accident statutory requirement is s 30 000. Workers compensation is a complex and sensitive area of insurance demanding expert service provision.