Work Injury Compensation Act (WICA) Insurance: Who Qualifies and What You Get
Learn how self-employed individuals in Singapore can protect themselves against medical costs and lost income due to workplace injuries.
This insurance provides a way for self-employed individuals to claim for medical costs and lost income if they are injured while working.
Who it's for
This scheme is designed specifically for self-employed persons. While many workers are covered through their employers, this option is for those who choose to insure themselves to ensure they have personal protection while performing their professional duties.
What you get
If you suffer an injury during the course of your work, this coverage is designed to help manage the financial consequences. You can receive coverage for medical expenses related to the injury. Additionally, it provides support for loss of earnings, helping to cover the income you lose while you are unable to work due to your work-related injury.
What it costs you
To maintain this protection, you will need to pay an insurance premium. You should check with your chosen provider for the specific costs associated with your policy.
The catch to know
The most important thing to understand is that you are not covered by default. Unlike traditional employees who are often covered by their company's policies, freelancers and self-employed individuals must take the initiative to purchase this insurance voluntarily. If you do not actively seek out and purchase a policy, you will have no coverage if an accident occurs.
How to apply
- Determine your specific work requirements to understand what level of protection you need.
- Research various insurance providers that offer coverage specifically for self-employed individuals.
- Review the different policy options to ensure they cover both medical expenses and loss of earnings.
- Complete the application process with your chosen provider and pay the required premium to activate your coverage.