{"id":91,"date":"2016-11-18T08:55:35","date_gmt":"2016-11-18T00:55:35","guid":{"rendered":"http:\/\/www.pacificprime.sg\/blog\/?p=91"},"modified":"2023-08-04T16:59:15","modified_gmt":"2023-08-04T08:59:15","slug":"workplace-safety-insurance-singapore","status":"publish","type":"post","link":"https:\/\/www.pacificprime.sg\/blog\/workplace-safety-insurance-singapore\/","title":{"rendered":"Workplace Safety and Insurance in Singapore"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Workplace safety is a concern for companies and employees alike all over the world, especially in highly developed areas like Singapore where the employees are highly valued assets to their employers. Any down time of a worker due to an accident or illness can lead to real hiccups for a business, so the last thing that Singapore companies want is for their employees to be injured on the job when the accident could have easily been avoided. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In order to promote safety in the workplace, the onus falls to employers to properly educate their employees and provide them with the resources necessary to avoid any unsafe conditions that may arise. However, a government body has been vocal about their feeling that a third party should be more involved in aiding companies and employees, as it stands to benefit from a focus on workplace safety. The 3<\/span><span style=\"font-weight: 400;\">rd<\/span><span style=\"font-weight: 400;\"> party is, of course, the insurance industry. Here, we discuss more about what insurance companies can do to help the effort, as well as why it\u2019s in their interest to do so.<\/span><\/p>\n<style type=\"text\/css\"><!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><\/style>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:[null,0],&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\"><div class='code-block code-block-4' style='margin: 8px 0; clear: both;'>\n<p><a href=\"https:\/\/www.pacificprime.sg\/plans\/group-health-insurance\/?campSource=PPSG-Blog&utm_source=blog&utm_medium=content_banner&utm_campaign=banner&utm_content=corporate\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-775\" src=\"https:\/\/www.pacificprime.sg\/blog\/wp-content\/uploads\/2024\/07\/SEO-Baner-Corporate.webp\" alt=\"Corporate insurance banner\" width=\"1138\" height=\"493\" \/><\/a><\/p><\/div>\n<\/span><\/p>\n<h2><b>WSH to insurers: Get involved with job site safety<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In August of 2016, at their annual conference, the Workplace Safety and Health Council (WSH) stated that they feel that the insurance industry can play a larger role in improving workplace safety than just paying out benefits on companies\u2019 insurance policies. They have even gone so far as to propose that insurance companies in Singapore spearhead an effort to promote workplace safety.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This would logically be a good move on the part of insurers, as their efforts to promote workplace safety will likely lead to a reduction in the number of accidents on the job, which would then lead to less insurance claims, and less money spent by insurers overall.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other WSH thoughts on how insurance companies can improve their occupational safety support included:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Communicating with and assisting companies with regards to increasing their workplace safety performance, as well as helping workers in coming back to work following an accident or illness.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Managing claims more quickly and efficiently.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Bolstering risk profiling of client companies by using a differentiated premium tied to a risk profile from WSH.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Establishing a database of all companies covered by Singapore insurers in order to ensure that companies cannot deny the truth regarding their risk profile.<\/span><\/li>\n<\/ul>\n<h2><b>The data on Singapore workplace safety<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">How big an issue is employee safety in Singapore anyway? There are numerous figures out there that help us to get a clearer picture:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">After the workplace fatality rate in Singapore jumping from 1.8 to 1.9 out of 100,000 workers between 2014 and 2015, Singapore\u2019s Manpower Minister surmised that the rate could get as high as 2.2 in 2016. This would spell out a trend of Singapore\u2019s job sites becoming progressively less safe.<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">80% of all major injuries and fatalities in Singapore can be attributed to the construction sector, particularly on projects worth more than SGD 10 million. Of the 48 workplace fatalities recorded by the end of August 2016, 19 of them occurred in construction. \u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Poor planning and execution of work has been attributed to 70% of workplace fatalities.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">90% of workplace fatalities occurred as the result of workers adopting unsafe or incorrect behavior.<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Of the 13,595 workplace injuries reported in 2014, 12,863 were classified as minor, 672 as major, and 60 as fatal. The most common type of incidents fell under the heading of slips, trip and falls, while \u2018struck by moving objects\u2019 and \u2018cut \/ stabbed by objects\u2019 came in 2<\/span><span style=\"font-weight: 400;\">nd<\/span><span style=\"font-weight: 400;\"> and 3<\/span><span style=\"font-weight: 400;\">rd<\/span><span style=\"font-weight: 400;\"> respectively. <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Workplace injuries fell in 2015 vs 2014 to 12,351, yet fatalities rose from 60 to 66.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Companies with an unusually high incidence rate are monitored by the appropriate governmental bodies. In 2015, 14 different companies were put under surveillance under the Business under Surveillance scheme.<\/span><\/li>\n<\/ul>\n<h2><b>How can insurers address the problem?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The WSH has stated that the goal for workplace safety in Singapore is to get the fatality incidence down to 1.8 per 100,000 works by 2018, which is merely a return to 2014 figures. Certainly, employers and employees would like to see this number fall to nearly zero as soon as possible, as well as continue to see a dramatic reduction in the overall total number of injuries that occur, but can insurers really play a part in contributing towards this goal?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Well, as mentioned above, the majority of workplace fatalities (and certainly workplace injuries too) are preventable. Firstly, the WSH believes that reporting can be upgraded quite a bit. By reporting not only on incidents, but also on near misses, insurers and companies alike can identify areas where safety can be improved before any real incidents do occur. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Of course, in this situation a culture must be established on all sides that encourages or even rewards employees for coming forward when near misses do occur. If there is any chance that doing so could be of detriment to them or their company, individuals are likely to not be willing to come forward, and future problems may go unaddressed until it\u2019s too late. Insurers incentivizing employers to get employees to engage in such reporting is a great step in improving safety long term.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Beyond this, insurers should be focusing on education as a means to prevent workplace accidents. If insurance companies are able to provide informational presentations or seminars on the topics for the employees of the companies they ensure, this would go a long way towards not only keeping safety in the forefront of employees\u2019 minds, but also foster relationships between insurers and their clients, and act as an opportunity for employees to engage the insurer with questions or concerns.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you would like to find out more about what specific insurers in Singapore can do to aid your organization in bolstering employee safety, it makes sense to get information from an insurance broker that is familiar with all the benefits and policies offered by the city-state\u2019s insurance companies. Contact <\/span><a href=\"https:\/\/www.pacificprime.sg\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Pacific Prime Singapore<\/span><\/a><span style=\"font-weight: 400;\"> today and our knowledgeable agents can provide you with the information you need to identify the best group health insurance policy for your company based on plan benefits and premium cost, as well as the extra perks an insurer can provide to help your company reduce accidents and injuries on the job.<\/span><\/p>\n<style type=\"text\/css\"><!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--><\/style>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:[null,0],&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:[null,2,0]},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\"><div class='code-block code-block-7' style='margin: 8px 0; clear: both;'>\n<p><a href=\"https:\/\/www.pacificprime.com\/corporate\/?campSource=PPSG-Blog&utm_source=blog&utm_medium=cta_banner&utm_campaign=banner&utm_content=corporate\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-780\" src=\"https:\/\/www.pacificprime.sg\/blog\/wp-content\/uploads\/2019\/06\/PPSG_Bus_01.jpg\" alt=\"Business Insurance banner\" width=\"1138\" height=\"493\" \/><\/a><\/p><\/div>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Workplace safety is a concern for companies and employees alike all over the world, especially in highly developed areas like Singapore where the employees are highly valued assets to their employers. Any down time of a worker due to an accident or illness can lead to real hiccups for a business, so the last thing &#8230;<\/p>\n","protected":false},"author":33,"featured_media":92,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[4],"tags":[765,766,123,96,99,104,122,125,44,124,105,46,127,126,121,119,120],"class_list":["post-91","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-group-insurance","tag-ban_cor","tag-cta_cor","tag-employee-safety-singapore","tag-group-health-insurance","tag-group-insurance","tag-group-insurance-singapore","tag-job-safety-singapore","tag-job-site-safety","tag-pacific-prime-singapore","tag-singapore-employee-safety","tag-singapore-group-insurance","tag-singapore-insurance","tag-singapore-insurance-companies","tag-singapore-insurers","tag-singapore-job-safety","tag-singapore-workplace-safety","tag-workplace-safety-singapore"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Workplace Safety and Insurance in Singapore | Pacific Prime Singapore<\/title>\n<meta name=\"description\" content=\"The Singapore government has stated that insurance companies in the city can do more to promote workplace safety. 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He writes articles and blog posts, creates infographics and videos, translates between Chinese and English, and more. Skilled at explaining complicated concepts in layman\u2019s terms, Martin believes the gold standard of translation is attained when the translated text is not only accurate, but also reads like an original text. Martin holds a degree in Economics from the University of London, UK. Since joining Pacific Prime, Martin has become even more aware of the gap between the true value of insurance products and most people\u2019s appreciation of it, and developed a passion for demystifying and simplifying matters, so that more people get the protection they need at a cost they can easily afford. In his free time, Martin attends concerts of various genres, and plays the violin with piano accompaniment he pre-recorded himself or played live by his niece.","url":"https:\/\/www.pacificprime.sg\/blog\/author\/martin-lee\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.pacificprime.sg\/blog\/wp-json\/wp\/v2\/posts\/91"}],"collection":[{"href":"https:\/\/www.pacificprime.sg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pacificprime.sg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pacificprime.sg\/blog\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pacificprime.sg\/blog\/wp-json\/wp\/v2\/comments?post=91"}],"version-history":[{"count":4,"href":"https:\/\/www.pacificprime.sg\/blog\/wp-json\/wp\/v2\/posts\/91\/revisions"}],"predecessor-version":[{"id":3803,"href":"https:\/\/www.pacificprime.sg\/blog\/wp-json\/wp\/v2\/posts\/91\/revisions\/3803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pacificprime.sg\/blog\/wp-json\/wp\/v2\/media\/92"}],"wp:attachment":[{"href":"https:\/\/www.pacificprime.sg\/blog\/wp-json\/wp\/v2\/media?parent=91"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pacificprime.sg\/blog\/wp-json\/wp\/v2\/categories?post=91"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pacificprime.sg\/blog\/wp-json\/wp\/v2\/tags?post=91"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}