Employees are the most valuable resource of a company. If you have a business, securing your employees with employee benefits insurance should be a top priority for you. In fact, more often than not employee insurance is a legal requirement for businesses.
As an employer, your employees are your most precious assets. They are responsible for the success of your business. Not only do your employees depend on you to provide them livelihood, but as an employer you have a responsibility to provide your employees with safe working conditions.
Protecting your employees is a legal requirement for your business. As the name indicates, this provides compensation to employees in the unfortunate cases of bodily injury or death which might occur due to mishaps at the workplace, or within the tenure of his/her employment with the company.
Employee Benefits Insurance by Liberty General Insurance covers you and your employees, and comes in two comprehensive plans-
Employees are the most valuable assets of an organization. Workplace accidents cannot be avoided or predicted. Hence, providing a safe working environment along with employee insurance protection for your employees is imperative. In order to safeguard the employees of your company, Liberty General Insurance offers comprehensive employee insurance plans which protect your employees against work-related injuries as well as the rather unfortunate cases of death at the workplace, and you from any employee claims.
For most businesses with employees, it’s a legal requirement to have employee insurance cover in place and failure to do so can lead to penalties. The Employees Compensation Insurance policy enables you to fulfill that same legal responsibility towards employees under the Employees’ Compensation Act, 1923, its later amendments, and also under common law. According to the policy, employees are eligible to receive compensation in the event of bodily injury or death due to an accident while at work.
Moreover, with Liberty General Insurance, add-on employee insurance benefits such as hospitalization and medical expenses, transportation costs, etc. can be availed upon payment of extra premiums. The premium amount is determined by the type of employee, nature of work and sum insured.
The exclusions of the policy include War and Terrorism, any injury or loss due to consumption of liquor or drugs, and self-harming activities among others.
You may be adhering to proper safety and security measures at your workplace, but you cannot overlook the chance of occurrence of an untoward event at your office premises. No matter how safe you think your workplace is, accidents can happen when you least expect them to, and it becomes highly inconvenient if employee(s) are involved. That is why you must have employee insurance in place in order to meet any plausible compensation claims against you, to safeguard your business’s best interests and ensure its continued operation.
The Client has highly appreciated the inputs and report from Mr. Sudhanshu.
Its because of him we were able to convince the client to move to Liberty along with local sales support.
We find the report is very exhaustive in bringing out the risk exposures and the works the client has to carry out for risk elimination. Surely the client will be benefited by the suggestions you have put forth.
The contents of your newsletter are quite interesting and informative.
This will help in creating awareness in the industry about the loss prevention and good maintenance.
Thanks for the good work you are doing.
Liberty Mutual Insurance Group Announces
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