Work Injury Compensation Insurance
If you are an employer with employees doing manual work, you are mandated to provide them with a work ijury compensation insurance to ensure they are properly compensated if met by an untoward incident while on duty.
Work Injury Compensation Insurance Products
Protecting your most valuable assets from unexpected accidents is also protecting your company. By law, your employees are compensated for work-related death, injuries and occupational diseases arising out of and during the period of employment.
Besides the enhanced benefits under the Work Injury Compensation Act (WICA), the Work Injury Compensation insurance indemnifies you for claims lodged by the injured employees under Common Law.
Coverage:
Basis of Estimated Annual Earnings
Earnings refers to all remuneration received before deduction of the employee Central Provident Fund (CPF) contributions and personal income tax. It comprises basic wages, overtime pay, commissions, allowances and bonuses but exclude employer CPF contributions.
Information Required for Underwriting Consideration
A Declaration Form is to be completed.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg)
Fulfill your liability to your employees
Under the Work Injury Compensation Act (WICA)1, an employer is liable to compensate an employee for death, sickness, or injuries arising out of and during the period of employment. The employer can also be sued for damages sustained by the employee.
If you are an employer, take up our Work Injury Compensation/Employer’s Liability Insurance policy to meet your compulsory insurance requirements as well as your legal liability towards employees under WICA.
1 Self-employed persons, independent contractors, domestic workers, members of the Singapore Armed Forces, officers of the Singapore Police Force, the Singapore Civil Defence Force, the Central Narcotics Bureau and the Singapore Prisons Service are not covered under WICA
Subject to policy terms, conditions, and exclusions
Policy Owners’ Protection Scheme
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us (servicecenter@libertyinsurance.com.sg) or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
