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Workmen's Compensation
Insurance
The Workmen’s
Compensation Insurance Policy insures the employer against his
liability under the Work Injury Compensation Act as well as under
Common Law.
The
Work Injury
Compensation Act
The purpose of the Work Injury Compensation Act is to compensate for
the loss of earning income and medical benefits to employees injured in
the course of work, or income benefits to their dependants. "Injury"
includes Death, Permanent Incapacity, Temporary Incapacity, Medical
expenses and specific Occupational Diseases.
Definition of 'Employee'
For the purpose of the Work Injury
Compensation Act, an “employee” is any person who has entered a
contract of service or apprenticeship with an employer. This definition
currently excludes employees of Singapore Armed Forces, Singapore
Police Force, Singapore Civil Defense Force, Central Narcotics Bureau
and Singapore Prison Services; as well as Domestic Workers.
Compensation
The maximum and minimum compensation provided for under the Act are as
follows:
Minimum Maximum
Death
S$47,000 S$140,000
Permanent Incapacity (PI) S$60,000 S$180,000
Common Law Claims
Apart from claiming compensation against his employer under the Work
Injury Compensation Act, an injured workman can claim damages under
Common Law. However, he can only choose to claim damages either under
Work Injury Compensation Act or under Common Law.
The Company's liability in respect of Common Law claims shall be
limited to S$10,000,000 any one claim or series of claims arising out
of one event.
Why should Employer Purchase Adequate
Workmen’s Compensation Insurance?
We strongly advise all employers to purchase adequate insurance for all
their employees because:
1. Failure to purchase adequate insurance against all
liabilities to any employee in accordance with Section 23(1) of the
Work Injury Compensation Act (Chapter 354) is an offence which carries
a fine of up to S$10,000 and/or a jail term of up to twelve months.
2. Employers are liable to pay compensation to all
employees injured in the course of work, irrespective of whether it is
compulsory under the Act to purchase Workmen’s Compensation insurance
for such injured employee(s). Failure to pay compensation is an offence
which carries a fine of up to $10,000 and/or a jail term of up to
twelve months.
For more information, please visit the MOM website at www.mom.gov.sg
Download
the proposal forms:
 Annual
Policy Contract Policy
WOBV
Policy (risks
involving work on board vessels)
 Get in
touch with us here.
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