The Workers’ Injury Compensation Act (WICA) Insurance is essential for employers of foreign workers in Singapore. This insurance provides compensation for work-related injuries or illnesses that may be sustained by your foreign employees while they are working in Singapore. The WICA Insurance covers all employees, including foreign workers, who have suffered a workplace injury or illness regardless of their nationality. However, there may be some challenges in obtaining adequate coverage for your foreign employees. Understanding the WICA Insurance requirements is the first step in ensuring your foreign workers are adequately insured. Foreign workers and permanent staff working in Singapore are required to purchase WICA insurance. Employees who suffer work-related illnesses or injuries must receive medical leave wages and compensation.

An injury or illness severity determines the amount of compensatory damages. Choosing a reputable insurer plays an important role in ensuring adequate coverage for your foreign workers under WICA Insurance. When selecting an insurer, consider factors such as reputation and financial stability. A reputable insurer with a strong financial standing will give you peace of mind knowing that they have sufficient funds to pay out claims should any arise. Additionally, working with established insurers means you’ll benefit from their experience and expertise in handling claims and managing risks associated with employing foreign workers.

wica insurance singapore

Accurate employee classification

It’s essential to classify each employee correctly when applying for wica insurance singapore coverage since different categories carry different premium rates that affect how much compensation will be paid out if necessary. For foreign workers, employers must ensure that they are classified as such and not as Singaporean employees. It is because the premium rates for foreign workers are different from those of local employees. Providing correct employee information is essential when applying for WICA Insurance coverage. Employers should ensure that all personal details, including names, identification numbers, and contact information are accurate to avoid any complications or delays in processing claims. It’s vital to keep your insurer updated on any changes in your foreign worker’s employment situation, such as termination or change of job scope. Failure to do so may result in inadequate coverage for your employees during their work period in Singapore.

wica insurance singapore

Review insurance coverage

As an employer of foreign workers, it’s important to regularly review your insurance coverage to ensure that you have adequate protection against potential risks associated with employing them. The frequency of these reviews depends on several factors such as the number of foreign employees you have and how often they visit Singapore for work purposes. For instance, if you hire many foreign workers who frequently visit Singapore for work purposes, it may be necessary to conduct quarterly reviews. Educating your foreign workers about their rights under the WICA Insurance is crucial since it empowers them to pursue compensation should they suffer a workplace injury or illness while working in Singapore. By educating your employees about their rights and entitlements under this law, you help build trust between them and yourself as an employer while ensuring adequate coverage under the WICA Insurance scheme.

Each of us has experienced trying moments when it feels as though we are barely scraping by. For many people, it gets tricky to earn enough money to get by, much less thrive. Finding new strategies to increase your income may seem challenging because of this. You could struggle to attain financial objectives like paying off debt or saving for retirement. Thus, flipping money is a fantastic approach to earning extra money to support your ambitions. You may enjoy life more fully when you are financially free.

Selling products on the Internet:

You can make an immediate profit by beginning by reselling your items, such as clothing or household items. Then you can hand-make and sell fashion-forward things. You may sell your goods quickly and easily on websites. Frequently sold things on websites include:

  • Jewelry
  • Clothing
  • products for the home

Depending on the costs and level of interest in your products, this could result in quick money. Additionally, you can advertise your products on social media to drive visitors to your online store.

House flipping

House flipping

If you manage it well, flipping houses may be a significant source of income. As a result, real estate investors frequently choose it. You buy a house that needs updating and improvements when you house to flip. After making the necessary repairs or paying someone to make them, you might raise the home’s asking price to maximize your profit from the sale.


You might have writing or other relevant experience that businesses value. If so, you can have the option to work for yourself and earn money quickly. Examples of typical freelancing categories are:

  • internet site
  • Tutoring
  • Teaching
  • Writing
  • Copywriting
  • Innovative style
  • Marketing

Website flipping

Just like selling retail goods or domain names, flipping websites is simple. You buy a neglected website, make necessary repairs, and then sell it for more money in flipping money. Avoiding content copyright violations is vital when updating a website. Ensure that the domain name you choose is available as well.

The usage of defamatory claims and the use of trademarked phrases, images, slogans, or other content should get avoided. Don’t forget to take your current social media accounts into account when you research online money-making alternatives.

Premium Ads

Having a website is no longer sufficient. It must get optimized with top-notch content and premium adverts. It might be the best method to make money to add adverts to your website.

You can take care to handle it properly. You will lose customers if your website gets overrun with advertisements. The secret is to understand and appeal to your target market.