Work Injury Compensation Insurance

 

Insurance that pays for medical care and physical rehabilitation of injured workers and helps to replace lost wages while they are unable to work.

Work injury compensation insurance is compulsory for all employees doing manual work, as well as non-manual employees earning less than $2,600 a month.

Please visit the Ministry of Manpower's website for more information.

 

What happens if an employer is refused work injury compensation (WIC) insurance quotes from at least 10 WIC designated insurers?

If an employer is refused WIC insurance quotes from at least 10 WIC designated insurers, the employer can seek help from GIA.

To do so, the employer will need to:

1.complete the checklist to provide information about the WIC designated insurers who have refused to quote WIC insurance

2.complete the Declaration form:
- Declaration Form for single entity
- Declaration Form for multiple entities

3.submit the completed Checklist supported with documentary evidence and the Standard Declaration Form to This email address is being protected from spambots. You need JavaScript enabled to view it. with the subject “WICI submission by [insert employer’s name]”

 

Important Things to Note

1.The Checklist should be completed by the employer’s officer in charge of WIC insurance or can also be completed by the employer’s insurance intermediary. The Standard Declaration Form should be completed by the employer’s officer in charge of WIC insurance.

2. The following situations do not constitute refusal to quote by an insurer:
      a) No reply from the Insurer that you asked to quote
      b) Insurer cannot quote by the timeline you wanted
      c) Insurer’s reply that you need to provide more information or fulfil some conditions
      d) Insurer has quoted but you do not agree to buy

3.Refusals by insurers need to be supported with documentary evidence. Submissions without supporting documentary evidence will be rejected.

4. If GIA is not satisfied that an employer has made out its case that it has been refused WIC insurance quotes from at least 10 WIC designated insurers, the employer will need to approach other designated insurers for quotes, directly or through your insurance intermediaries.

5. If GIA is satisfied that an employer is refused WIC insurance quotes from at least 10 WIC designated insurers, GIA will send the completed Standard Declaration Form to a panel of insurers and ask the insurers to provide WIC quotes directly to the employer.

 

 

Work Injury Compensation Act (WICA) 2019 


The new WICA 2019 will take effect on 1 September 2020 and will offer the following benefits for both employers and employees:

- Influence companies to prevent injuries from happening in the first place
- Faster and simpler claims processes for everyone
- Enhanced protection for employees
- More certainty for employer

To prepare for WICA 2019, employers are reminded to:

- Obtain WIC insurance coverage for employees (unless they are exempted), throughout the employment period.
- Purchase or renew their WIC insurance coverage in a timely manner.
- Finalise all insurance contracts and provide the information required to your insurer at least 21 days before policy commencement. This should be done for all policies commencing 1 January 2021.

For more information and latest updates on WICA 2019, please visit the Ministry of Manpower's website.