Introduction
Singapore is one of the most important and rapidly growing economies in the world. It has witnessed unparalleled growth in the span of just a single generation and transformed from a small fishing town to a sprawling metropolis. It is now one of the most significant financial hubs in the world and a highly developed nation.
It attracts a substantial number of foreigners both as tourists and also expatriates coming for work, and the work situation and condition is still having additions made to it. The legal structures and processes in the country are well developed though improvements and changes are, as expected, discussed continuously.
Considering the number of expatriate workers and also the reputation of the nation, the insurance regulations receive a great deal of attention. Work-related injuries and associated claim laws are being developed, and one of the latest bills to receive approval has expanded upon this.
Work Injury Compensation
Work-related injuries are a severe issue. It is the responsibility of the employers to ensure an adequate and safe space in which employees can concentrate without need for fear of excessive caution. The Ministry of Manpower has recently announced the upcoming introduction of a new regulation which will support employees on just this topic.
The WICA (Work Injury Compensation Act) has recently been passed by parliament. The primary focus of the law is to provide all workers in the nation the ability to bring forward claims. These must come forward within a year of their occurrence. These claims relate to any accidents or diseases sustained at work.
This introduction is a significant step in a positive direction. It will make Singapore an even more attractive prospect for potential employees already working there or looking to make a move. The Bill is set to receive its introduction in September of 2020.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.