Mandatory Business Insurance

Work Injury Compensation Insurance

Do you know that in accordance with Section 23 (1) of Workmen’s Compensation Act, as an employer, you are to insure your employees, if their monthly earnings is less than S$1,600 and if they are manual employees (regardless of their earnings), against accidental bodily injury arising out of and in the course of employment?

Do you know that though it is not mandated by law to provide insurance coverage for your employees who are not doing manual work or earning more than S$1,600 a month, you are still required to pay compensation in the event of a valid claim?

Protect yourself now. Contact us for a consultation on Work Injury Compensation Insurance.

Foreign Worker Medical Insurance and Foreign Worker Bond Insurance

If you hire foreigners in your work force, regardless of whether they are foreign workers, S-pass or Work Permit holders, it is required by law to provide them with S$ 15,000 medical insurance and S$5,000 security bond. The compulsory S$15,000 medical insurance can be incorporated into your company’s Hospitalisation and Surgical insurance programme. Contact us now and we will help you to design a comprehensive solution that will take care of the compulsory medical insurance and security bond insurance required by law for your foreign employees.

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