Where an occupational injury or death occurs, the Workmen's Compensation Law, 1987 (PNDC Law 187) imposes an obligation on the employer to compensate either the injured employee or the family of the deceased member of staff.
The cash compensation may sometimes run into several thousands or millions of cedis. To be able to meet such payments without undue pressure on the budget of the Employer's Business, the informed employer as a risk management decision takes up an EMPLOYER'S LIABILITY INSURANCE POLICY.
By paying the necessary premium, the insurance company on behalf of the employer pays the statutory compensation, which the Employer is compelled by law to pay to the injured employee or the estate of the deceased employee. The policy can be extended to include Common Law Liabilities.
This policy is intended to pay compensation to your Workmen for personal injury, fatal or otherwise, where such injury arises out of occupational accident. The policy, in effect satisfies the legal obligation on all employers, as per Workmen’s Compensation Law (PNDCL 187, 1987) to insure their Workmen against injury, disability or death sustained in the course of their employment.
Compensation is payable in respect of:
- Death
- Disability (Permanent & Temporary)
- Medical Expenses
- Legal Expenses and Compensation awarded, following Common Law litigation.
Categories of Workmen
- Labourers
- Messengers
- Drivers/Riders
- Clerks
- Others
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