Coverage consists of:
The amount of compensation is computed based on a fixed formula and is subject to capping. Common Law Limit is at S$10,000,000 for any one claim or series of claim arising out of one event.
Our WIC Policy is issued in compliant with the Work Injury Compensation Act. For an idea of the prescribed coverage, please refer to MOM website on Types of Compensation.
This insurance will indemnify against all sums for which you shall be liable to pay compensation either under the legislation or at common law and will additionally pay all costs and expenses incurred with our written consent if any employee in your employment shall sustain personal injury by accident or disease arising out of and during the course of his or her employment.
For the new changes under the Work Injury Compensation Act 2019, please refer to MOM press release here.
Yes, we are an approved designated insurer with MOM with effect from 1 September 2020.