1. What is Employer's Liability Insurance?
Employer's liability insurance refers to an insurance in which the insurer is responsible for compensation within the prescribed compensation limit for the medical expenses and economic compensation liabilities that the insured shall bear in accordance with the Labor Law of the People's Republic of China and the labor contract, including the litigation costs, caused by an accident or occupational disease prescribed by the state prescribed by the state as specified in the insurance policy during the course of employment.
2. Development of employers' liability insurance.
According to people in the insurance industry, in order to protect the interests of workers, many countries have passed laws stipulating that enterprises must purchase employers.
Liability insurance, for example, as early as 2004, the insurance rate of British companies reached more than 90%. In China, since the Employer's Liability Law has not yet been promulgated, employers' liability insurance covers a kind of contractual liability, that is, the employer's economic liability according to the contract it has entered into with the employee. The insurance period of this type of insurance is generally one year, and it can be renewed at the end of the term. In terms of the compensation limit, it is usually based on the employee's salary income, which is determined by the insurance parties at the time of signing the insurance contract (based on the employee's type of work, average monthly salary and degree of injury).
3. Key points for the selection of employer's liability insurance.
1. Understand the legal requirements. Different countries and regions have different requirements for employers' liability insurance. Before choosing employer's liability insurance, it is important to understand the requirements of local laws for employer's liability. Make sure that the insurance product you choose meets the requirements of local laws to avoid fines or other legal consequences.
2. Consider the size of the company and the industry. Companies of different sizes and industries face different risks. Larger companies may need a higher sum insured to cover more employees and potential risks. While certain industries, such as construction or manufacturing, may be at higher risk of work-related injuries and therefore require more comprehensive insurance coverage.
3. Assess employee risks. Different employee work natures and working environments can lead to different risks. For example, employees who perform manual labor may be at a higher risk of work-related injuries, while those who work in an office may be at lower risk. Choose the appropriate insurance coverage based on the employee's risk assessment.
4. Compare the ** and policies of different insurance companies. Different insurance companies may offer different insurance policies and **. When choosing employer's liability insurance, it is important to compare the policies and policies of different insurance companies. Consider factors such as insurance costs, sum insured, deductibles, and claims procedures to choose the insurance product that best suits your company's needs.
4. Scope of Employer's Liability Insurance.
1. Death compensation: including the death of employees, including sudden death from fatigue;
2. Disability compensation: If the employee is disabled, the compensation will be paid according to the disability level
3. Lost work expenses: Lost work expenses need to be certified by a doctor that they are indeed temporarily incapacitated, and the maximum number of compensation days is 365 days
4. Medical expenses: Reasonable and necessary medical expenses will be compensated within the insurance limit.
5. Employer's Liability Insurance Claims.
1.If an employee in an enterprise is injured in an accident, he or she needs to notify the insurance company within 48 hours and report the accident.
2.Prepare claim information according to the requirements of the insurance company, such as outpatient invoices, hospitalization lists, disease diagnosis certificates, accidental disability appraisals, discharge records, etc., and prepare cremation certificates, death certificates, etc. for accidental death.
3.Submit the prepared claim information to the insurance company for review, and only after the insurance company approves the review, the compensation can be issued.
In conclusion, choosing the right employer's liability insurance policy needs to consider legal requirements, company size and industry, employee risks, and the policies and policies of different insurance companies. By considering these factors, employers can choose the most suitable insurance product for themselves and protect themselves from potential legal liabilities.
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