No matter how robust a company’s safety best practices, workplace accidents happen. Whether it is bodily harm from a fall or an illness due to a toxic chemical leakage, employee on-the-job injuries are costly to all involved. Work injury compensation insurance protects both employees and employers in these situations. Here’s what you need to know about this critical insurance.
The Work Injury Compensation Act (WICA) allows employees make claims for work-related injuries or diseases without having to file a civil suit under common law. However, employers remain liable for claims under both WICA and common law from all employees.
Under the WICA 2019, it is mandatory for employers to maintain work injury compensation insurance for:
Work injury compensation insurance benefits includes:
Employers obtain work injury compensation insurance policies from insurers, who can help to minimise exposure and optimise premium expenditures. Premium costs can vary widely based on a number of factors:
The Work Injury Compensation Act (WICA) covers any local or foreign employee who is under a contract of service or contract of apprenticeship, regardless of salary, age or nationality. It doesn’t cover:
You can claim for compensation if you have been injured or contracted a disease as a result of work. You remain eligible to claim for compensation even if:
If your employer has Work Injury Compensation insurance in place, the insurer will pay on behalf of your employer in the event that you are injured or fall sick on the job.
Visit the Ministry of Manpower's website for more information.
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