Whether you are an employer or a worker in basically any industry, you must learn about the Work Injury Compensation Act. The obvious reason for this is that accidents can happen even in the safest environment.
As an employer, if you aren’t prepared, legal action may be taken against you by your workers if they are not swiftly compensated- you don’t want that. Workers, on the other hand, are equally affected. You see, if a worker doesn’t know how to go about collecting his or her compensation after sustaining an injury while working, chances are, it may take months or years before his or her issues will be resolved.
The best course of action, therefore, is for employers and employees to learn as much as they can about protection through work injury compensation.
The following article by Terence Hoong shed light on some intricate things workers and employers need to know about the Work Injury Compensation Act in Singapore.
Work Injury Compensation Act: What is It and How You Can Manage the Risk
Work Injury Compensation Act (WICA), is a statutory requirement for all Singapore employers. With WICA, it is much easier for employees to make claims for work-related injuries and illness. This means that as an employer, you are facing a potential employer’s liability from WICA-related claims. Read more here.
You likely now know what employees can claim under WICA and how employers can be affected by WICA. You also now know some strategic ways to manage the risks associated with using WICA insurance. But, do you know that there is a special work injury compensation program that can help protect employers and employees? Read the next article carefully to learn more about it.
The following article by DBS unveils one of the best work injury compensation programs in Singapore.
Work Injury Compensation
Chubb Work Guard™ is a work injury compensation programme designed to protect employers and employees with adequate coverage beyond the basic statutory requirements. Key features of the Chubb Work-Guard includes competitive limits for Common Law and Medical expenses- Read more here.
You surely now know what Chubb Work-Guard is all about and the protection it offers to employees and employers. You also now know some key features of the program and some amazing additional benefits you will enjoy if you sign up for it. But do you know that the Work Injury Compensation Act may be amended later this year?
The following article by Reach discusses some key thing you need to know about the proposed amendments to the WICA.
Public Consultation On Proposed Amendments To The Work Injury Compensation Act
In January 2019, the Ministry of Manpower (MOM) invited members of the public to provide feedback on the proposed changes to the Work Injury Compensation Act (WICA) (See Annex for proposed changes). Read more here.
You likely now know a thing or two about the changes that may be made to the Work Injury Compensation Act in the future. You also now know what the proposed changes will mean for workers and employers. If you aren’t clear with some part of it or have questions, feel free to consult a professional or better still, do deep and extensive research to find answers to the questions you seek.
Changes that were made to the Work Injury Compensation act a while back have brought smiles to the faces of employers and employees. With it, workers will be compensated early. Even more, they will be paid more.
Employers aren’t left out, as the amendments protect them from false and fraudulent claims by their workers.
So, if you are a worker or an employer, it is wise that you take a close look at the adjustment that will be made, as it will put you in a better position to protect yourself and your business in the event of an accident.