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SOME KEY FACTS ON WICA:- Work Injury Compensation Insurance You need to get work injury compensation insurance for all employees doing manual work, as well as all employees earning less than $1,600 a month. Who needs to be insured If you are an employer, you are required to buy work injury compensation insurance for:
All employees doing manual work, regardless of salary level.
All employees doing non-manual work, earning less than $1,600 a month.
You must have insurance for both local and foreign employees. Failure to provide adequate insurance is an offence carrying a fine of up to $10,000 or jail of up to 12 months, or both. For other employees, you have the flexibility to decide whether to buy insurance for them. However, if those employees make a valid claim, you will have to compensate them regardless of whether they are insured. [if !supportLineBreakNewLine] [endif]The article: Source Insurance Business Date: 14 June 2017
Two companies in Singapore were charged for not purchasing mandatory work injury
insurance for 25 employees, according to the Ministry of Manpower. A total of 25 counts of violating the Work Injury Compensation Act were filed against Extrovert Engineering and
Suriakumar Ridgeway on Thursday, according to a press release from the Ministry. Sujan Ahmed Late Ali Ahmed, a Bangladeshi worker hired by Ridgeway, suffered elbow and back injuries after falling off a ladder at work on May 30, 2015, reports Channel News Asia.
Investigations revealed that Ridgeway did not purchase work injury compensation cover for
11 of its employees, including Sujan. Ridgeway also faces an additional charge for failing to compensate Sujan the amount of SGD$9,144.97 as ordered by the Assistant
Commissioner of Work Injury Compensation.
Meanwhile, Extrovert Engineering was found to have injury compensation insurance for only eight of its 22 workers. This was discovered after Ali Syed Rubel, a Bangladeshi worker, dislocated his left shoulder due to a workplace fall in March 2016, said the Ministry. The company ended up paying Ali Syed SGD$5,973,14 in compensation. “Work injury compensation insurance is not only a requirement by law but protects employers against workplace liabilities,” the Ministry said. It also promised to “deal severely” with any employers that deny their workers their rightful cover.
Gabriel Olano
Source: Insurance Business.
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