What is it?

Workmen's Compensation insurance protects businesses against employee death, bodily injury and illness arising out of work related exposures in accordance with the [country] Laws. In addition, the policy provides coverage for accidental medical benefits in private hospitals and clinics and repatriation expenses.

Legal costs

It also covers associated costs such as claimants' legal fees and the costs of defending the action. This insurance will normally provide protection against the cost of defending prosecutions of the insured under health and safety legislation with regard to incidents relating to employees.

Excess Covers

Sometimes statutory limits may not be enough in which case Companies with a large number of employees can buy larger limits of cover (excess liability). Also, coverage can offered for employees working offshore.

Who is it for?

Companies must ensure all employees are covered, including the top management.