{"id":311,"date":"2025-03-19T21:50:02","date_gmt":"2025-03-19T13:50:02","guid":{"rendered":"https:\/\/www.everreadymix.com\/?page_id=311"},"modified":"2025-03-19T23:42:02","modified_gmt":"2025-03-19T15:42:02","slug":"insurance","status":"publish","type":"page","link":"https:\/\/www.everreadymix.com\/index.php\/insurance\/","title":{"rendered":"Insurance"},"content":{"rendered":"\n
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An array of Insurance Policies that you may need<\/h2>\n\n\n\n

Our comprehensive suite of insurance services caters to a diverse clientele, ranging from individual to businesses.<\/p>\n<\/div>\n\n\n\n

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Foreign Worker Medical Insurance<\/h3>\n\n\n\n

Foreign worker medical insurance is a mandatory requirement for employers who hire migrant workers. This insurance is designed to provide essential medical coverage for foreign workers during their employment. The insurance typically covers a range of medical expenses, including hospitalization, surgery, and outpatient treatment. It ensures that workers have access to necessary medical care without financial burden.<\/p>\n<\/div>\n\n\n\n

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Work Injury Compensation Insurance<\/h3>\n\n\n\n

The insurance covers medical expenses, rehabilitation costs, and compensation for lost wages due to work-related injuries or illnesses. It also provides benefits in the event of permanent incapacity or death.<\/p>\n\n\n\n

This insurance is mandated under the Work Injury Compensation Act (WICA)<\/strong>, which outlines the responsibilities of employers and the rights of employees regarding workplace injuries.<\/p>\n\n\n\n

The policy protects employers from legal liabilities arising from workplace injuries, ensuring they can meet their obligations to injured workers without facing financial strain.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

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Performance Bond<\/h3>\n\n\n\n

The bond serves as a security for the project owner (also known as the principal or employer) that the contractor will fulfill their contractual obligations. Performance bonds typically range from 5% to 10%<\/strong> of the total contract sum, depending on the agreement between the parties involved.<\/p>\n\n\n\n

The bond is issued by a Insurance Company or Bank, which assesses the contractor’s financial stability and capability to complete the project before providing the bond.<\/p>\n<\/div>\n\n\n\n

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Motor\/Vehicle Insurance<\/h3>\n\n\n\n

Vehicle insurance in Singapore is a crucial aspect of car ownership, providing financial protection against various risks associated with driving. They come in different type of coverages: <\/p>\n\n\n\n

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  • Comprehensive Insurance<\/strong>: Covers damages to your vehicle, third-party liabilities, theft, and fire. It often includes additional benefits like personal accident coverage and roadside assistance.<\/li>\n\n\n\n
  • Third-Party Insurance<\/strong>: The minimum legal requirement in Singapore, covering damages to third-party vehicles and property but not your own vehicle.<\/li>\n\n\n\n
  • Third-Party, Fire, and Theft<\/strong>: A middle ground that covers third-party liabilities along with protection against fire and theft of your vehicle.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    An array of Insurance Policies that you may need Our comprehensive suite of insurance services caters to a diverse clientele, ranging from individual to businesses. Foreign Worker Medical Insurance Foreign worker medical insurance is a mandatory requirement for employers who hire migrant workers. This insurance is designed to provide essential medical coverage for foreign workers…<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-311","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.everreadymix.com\/index.php\/wp-json\/wp\/v2\/pages\/311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.everreadymix.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.everreadymix.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.everreadymix.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.everreadymix.com\/index.php\/wp-json\/wp\/v2\/comments?post=311"}],"version-history":[{"count":2,"href":"https:\/\/www.everreadymix.com\/index.php\/wp-json\/wp\/v2\/pages\/311\/revisions"}],"predecessor-version":[{"id":322,"href":"https:\/\/www.everreadymix.com\/index.php\/wp-json\/wp\/v2\/pages\/311\/revisions\/322"}],"wp:attachment":[{"href":"https:\/\/www.everreadymix.com\/index.php\/wp-json\/wp\/v2\/media?parent=311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}