Employees are an essential asset for the company and employers are responsible for the health and the safety of their employees. Employers’ liability insurance will enable you to meet the cost of compensation for your employees’ injuries or illness whether they are caused on or off site.
The principal covers and benefits shown in this document are not exhaustive descriptions. You should read the Policy Wording and Policy Schedule to know the details of covers and benefits available, any limits which apply and the terms and conditions that apply. You should also read any exclusions that apply. Zurich will indemnify the Insured against liability at law to pay compensation and claimant’s costs and expenses in respect of the Bodily Injury by accident or disease to the Insured’s employees for which he is liable, and will in addition pay all costs and expenses with the Insurer’s written consent.
Validity of your policy
The dates when your policy starts and ends are stated in your policy schedule and both dates stated are inclusive in the coverage.
How much premium do you have to pay ?
The premium amount that you must pay for your insurance cover is set out in your schedule. The amount of your premium is determined by taking a number of different matters into account.
It is important for you to know in particular that the premium varies depending on the information we receive from you about the risk to be covered by us. The higher the risk is, the higher the premium will be.
In this product, factors that are taken into consideration include the following:
- Your business
- The estimated annual payroll of all employees
- Number of employees (including job title/description of each employees)
- Nationality of all employees
- The geographical limit/jurisdiction
- Your loss experience