Introduction
Employer's liability insurance is the insurance that employees of the insured, who engage in the work that relates to the business of the insured and is specified clearly in the insurance policy, and suffer from accident or the nation specified occupational disease that relates to work, resulting in injury, disability or death, then the insurer will compensate within the specified compensation quota for the medical expenses and economic compensation liability (including lawsuit fee) which shall be assumed by the insured according to the Labor Law and labor contract.
Functions
1. Loss compensation
When the death or disability are caused by the following situations, the economic compensation liability that shall have been assumed by the insured will be assumed by the insurer according to the agreement of insurance contract:
(1) The accident happens during the working time and in the workplace, and is caused by working reasons.
(2) The accident happens before or after working hours and in the workplace, when employee engages in the job-related preparation or ending work.
(3) The accident that happens during the working time and in the workplace, when employee suffers from violence due to performing duties.
(4) The employees' disease is diagnosed and identified as occupational disease.
(5) During work-out period, suffering from injury as a result of work or missing due to accident.
(6) On the way to or from work, suffering from traffic accidents injury.
(7) During working hours and in the work place, death caused by sudden illness or after the rescue invalidly within 48 hours.
(8) Other situations as agreed in the insurance contract.
Features
1. Contractual obligation guarantee: On the basis of the employment contract between employer and employee.
2. Insurance liability is unitary: Only insure the personal injury of employees when they engage in the work of their profession, and be not responsible for any property loss.
Target Customers
It is applicable for all kinds of construction and installation projects in the process of "going out" and during their operation period after completion to all kinds of enterprises, such as construction enterprises, real estate industry, production and processing enterprises, the electrical power, gas and water production and supply industry.
Process
1. Insuring process
2. Claim settlement process
Case
A company is specialized in petroleum engineering design, manufacture, construction and project contracting, which has a large number of domestic and foreign staff, and the personnel mobilization and entry-exit of the border is frequent. This company and Bank of China insurance company signed a strategic cooperation agreement, and Bank of China insurance company uniformly underwrites the company's employer's liability insurance of all Chinese employees in its overseas projects. Insurance areas cover Sudan, Kazakhstan, Turkmenistan, Uzbekistan, Chad, Algeria, Pakistan and other countries. Considering the special country-risk of some areas, Bank of China insurance especially extends terror, kidnapping and diseases liability insurances, and provides overseas emergency relief service.
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