As an employer in Kenya, you have a legal responsibility to provide a safe and healthy workplace for your employees. Despite your best efforts, accidents and injuries can still occur, and you could be held liable for any harm that your employees suffer as a result of their work. Employer’s liability insurance is a type of insurance that provides protection for employers in case of legal claims made by employees who suffer work-related injuries or illnesses.
What is employer’s liability insurance?
Employer’s liability insurance is a type of insurance that protects employers from legal claims made by employees who suffer work-related injuries or illnesses. It provides coverage for the cost of compensation awarded to the employee, as well as any associated legal fees.
What does employer’s liability insurance cover?
Employer’s liability insurance covers legal claims made by employees who suffer work-related injuries or illnesses. This can include claims for compensation for medical expenses, lost wages, and pain and suffering. It can also cover legal fees associated with defending against the claim.
Is employer’s liability insurance mandatory in Kenya?
Yes, under the Work Injury Benefits Act (WIBA) 2007, all employers in Kenya are required to have employer’s liability insurance to protect their employees in case of work-related injuries or illnesses.
What are the benefits of employer’s liability insurance?
The benefits of employer’s liability insurance include financial protection in case of legal claims made by employees, compliance with legal requirements, increased credibility with employees and stakeholders, and peace of mind.
How much does employer’s liability insurance cost?
The cost of employer’s liability insurance depends on a variety of factors, including the size of your business, the nature of your business operations, and the amount of coverage you need. It is important to shop around and compare quotes from multiple insurance providers to find the best value for your business.
Conclusion
Employer’s liability insurance is a crucial type of insurance coverage for employers in Kenya. It provides financial protection in case of legal claims made by employees who suffer work-related injuries or illnesses, and it is mandatory under the Work Injury Benefits Act. Employer’s liability insurance provides many benefits, including compliance with legal requirements, increased credibility, and peace of mind.
As an employer, it is important to assess the risks associated with your business operations and consult with an insurance professional to determine the appropriate amount of coverage for your business.