How is employee compensation insurance cost calculated?
WICA insurance premiums are based on two main factors: your total annual payroll and your occupational risk class. Higher-risk industries such as construction pay more than office based businesses. Claims history may also affect renewal pricing. David Ho compares rates across MOM designated insurers to identify the most competitive option for your headcount and trade […]
What support do you provide during claims?
David Ho handles the full claims process on your behalf, from completing documentation and filing MOM notifications to liaising with the insurer and tracking payout status. You do not need to manage insurer correspondence directly. Claims support is included as part of the brokerage service at no additional charge.
What are the current payout limits for workers compensation insurance claims?
Effective November 1, 2025, the Ministry of Manpower (MOM) increased the maximum claim limits to: Medical Expenses: Up to $53,000 or 1 year from the accident (whichever comes first). Medical Leave Wages: 100% of Average Monthly Earnings (AME) for up to 14 days (outpatient) or 60 days (hospitalization), followed by 2/3 AME for up to […]
Who should be covered under Personal Accident Insurance for Employees?
Personal accident insurance for employees is beneficial for all staff but particularly important for sales teams, field engineers, delivery drivers, and frequent travelers, as these roles carry higher daily accident risk. Providing this cover shows a duty of care that goes beyond the statutory minimums required under Singapore employment law.
What is the difference between group personal accident insurance and group health insurance?
The key difference lies in the cause of the claim. Group Medical Insurance (Health) primarily covers hospitalization and treatments due to illnesses (e.g., fever, cancer, heart attack). Group Personal Accident Insurance is strictly for unforeseen accidents (e.g., a slip and fall, car crash, or injury from machinery). While Medical insurance reimburses the hospital bill, Personal […]
Can the group insurance plans be customized for my company?
Yes. Most insurers require a minimum of 3 to 5 employees to set up a group personal accident insurance scheme. Coverage levels, benefit types such as infectious disease cover, and premiums can all be adjusted to match your industry and budget. Plans can also be updated as your headcount changes.
What is the difference between Group Personal Accident and WICA?
This is the most common question. WICA (Work Injury Compensation) is mandatory for manual workers and covers accidents only arising out of employment. Group Personal Accident is voluntary but offers broader protection (24/7 coverage) and higher payout limits. Most companies layer GPA on top of WICA to ensure no gaps in liability.
What does group personal accident insurance cover in Singapore?
A standard group personal accident policy typically covers: Accidental Death & Permanent Disablement (Lump sum payout). Medical Reimbursement (for accident-related treatments). TCM Treatment (Traditional Chinese Medicine/Bonesetting). Daily Hospital Allowance (if hospitalized due to an accident). Infectious Diseases (e.g., Dengue, Zika, Hand Foot Mouth Disease) are now common add-ons.
How does the claims process work if I use a broker?
When you work with an insurance broker in Singapore, the broker manages the entire claims process on your behalf, from filing to settlement. Here are the steps: Notify your broker of the incident as soon as it occurs. (If you are one of our customers, our team is on 24/7 standby for emergency situations.) […]
Why should I work with a broker instead of going directly to insurers?
An independent insurance broker in Singapore compares policies across multiple licensed insurers, giving businesses access to broader coverage options and more competitive premiums than going direct. Insurers sell their own products. A broker works for you, not the insurer. Brokers compare premiums and coverage terms across providers, useful for SMEs without an in-house risk […]
