Workmen Compensation Insurance Singapore

In singapore it is a statutory requirement to provide work injury compensation insurance for.

Workmen compensation insurance singapore.

Workers compensation is complicated by the fact that it is partly governed by the work injury compensation act and also by common law. 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. Who needs to be insured. If you are an employer you are required to buy work injury compensation insurance for.

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. Enhanced medical expenses of s 50 000 per employee per accident statutory requirement is s 30 000. Innovative and cost effective workers compensation solutions.

The salary threshold for non manual employees to be insured was raised from s 1 600 to s 2 100 in april 2020. Workers compensation is a complex and sensitive area of insurance demanding expert service provision. All workers who perform manual labour regardless of salary level. How to check the status of a work injury claim by sms online by phone or in person.

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. 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. It is required to offer a prescribed work injury compensation insurance that meets the legal requirements of the work injury compensation act 2019.

Work injury compensation insurance. As such chubb has developed the chubb work guard to safeguard employers liability and offer value added services. How to file and what to expect in a work injury claim dispute. 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.

Check a claim status. Your employees will have to bear the excess medical expenses beyond the limit of the work injury compensation insurance. Best viewed on google chrome version 37 and later and safari 8 and later.