Work is a task undertaken to achieve the desired results which involve mental or physical efforts. Industries and businesses are flourishing as individuals all over the world, including women, are encouraged to take up jobs and be financially stable.
Despite all the pros that you can think of, there are those few chances of work injuries that can take place. As companies and businesses are concerned about the well-being of their employees, they provide commercial insurance for their employees. Insurance provides medical benefits and wage replacement. This also helps motivate the employees to continue working in such companies.
As work injuries can be fatal, the Work Injury Compensation Act was passed for the better care of workers. Every country has its own guidelines for work injury compensation based on what is best for their citizens. In Singapore, the MOM (Ministry of Manpower) deals with the formulation and execution of labor policies. This is run by the Government of Singapore.
The WICA allows the workers to apply for compensation when work-related injuries occur. This is different from filing a case under the common law. If you have suffered a disease due to the work, that too is compensated. You don’t require a lawyer in case of WICA which makes it low on cost and quicker to claim from the settlement. You can claim work injury compensation up to 1 year after the accident.
The insurance that the employees can claim are:
- Medical leave payments – the compensation benefits are covered only for working days. Non – working days are not taken into account. It has to be doctor-granted medical certificate or hospital advised leave. The wage differs from employee to employee. The calculations are based on their monthly wages or salary. While determining the figures for the claim, the wages, bonuses, overtime payments are taken into account. Travel expenses are not considered.
- Medical expenses – medical consultation charges, medical report charges, ward fees, treatment fees, artificial limbs, medication costs, and surgery are all the expenses the employer must undertake. In some case, certain treatments are to be compensated if the doctor certifies it. Those include physiotherapy and speech and occupational therapy.
- Lump sum compensation – in the case of permanent incapacity or death due to the injuries sustained in the work environment, lump sum compensation is provided to the injured employee or to his family in case of death. Permanent incapacity can only be declared by the doctor’s assessment where certain assessment guidelines are to be taken into consideration. These assessments are taken after the medical condition has stabilized.
Through WICA, Commercial insurance has proved to be a blessing in disguise for both the employer and the employee.