Choosing the Best WICA Insurance Provider in Singapore

[Tilda123]

Hi everyone,
I’m looking for advice on WICA (Work Injury Compensation Act) insurance in Singapore. What factors should I consider when selecting a provider? Are there any common pitfalls to watch out for or providers you’d recommend based on your experience?

[Marinad]

As a small business owner, WICA insurance has been essential. I use Tokio Marine, and their premiums are reasonable. Claims processing has been smooth for me so far. Just remember to renew on time to avoid penalties.

[Saimon12345]

Make sure you stay updated on the WICA requirements. The Ministry of Manpower revises the guidelines occasionally, and you’ll need to adjust your coverage accordingly. Your insurer should notify you, but it’s good to double-check. I’d recommend doing an annual review of your wica insurance singapore. Workers’ roles or risks may change, and your coverage should reflect that. A broker can help you compare policies and ensure you’re not overpaying.