SURETIES & GUARANTEES
Worker's Immigration Bond
The bond is between you (the employer) and the government of Singapore. It is used to ensure that both you and your workers comply with the conditions of the work permit. You cannot ask the worker to pay for the bond. Note that this should be purchased before your worker arrives in Singapore. Failure to comply, your worker will not be allowed to enter here and you will be responsible for all the expenses in sending them back to their home countries.
APPLICATION
01
Additional Information
A bond required by Ministry of Manpower intended for each Non-Malaysian Work Permit holder you want to employ as replacement of the upfront security deposit of S$5,000 for each worker.
It is used to ensure that both you (the employer) and your workers comply with the conditions of the Work Permit.
You will be discharged from the security bond liability for a worker only if you meet all of these conditions:
You have cancelled the work permit;
The worker has returned home;
You did not breach any of the conditions of the security bond.
02
Enhanced Coverage
02
Documents Required
Latest ACRA Bizfile (Within 3 Months)
In Principle Approval Letter (IPA) of the Worker Issued by Ministry of Manpower.
03
Applicable To
Businesses that hire foreign workers
04
Case Study
You can always Whatsapp our customer service officers to attend to your insurance needs.
Why Choose AWG Insurance?
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A preferred partner to your insurance needs
AWG Insurance Brokers is a trusted, MAS-licensed broker in Singapore offering tailored insurance and risk management services. With over three decades of experience, we specialise in creating customised professional indemnity insurance that professionals and businesses can count on.
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We’re more than just insurance providers; we are risk advisors. From identifying potential liabilities to selecting the right coverage structure, we work hand-in-hand with you to design a solution that matches your operational risks and regulatory requirements.
Our edge:
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In-depth understanding of multiple industries
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Competitive pricing through access to local and international insurers
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Dedicated claims support and advocacy
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Personalised advice and policy structuring
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When you choose AWG, you choose peace of mind.