This type of insurance protects the insured’s property interests bearing material liability under the Russian Federation laws to employees as a result of death, injury or other injury to health (physical harm) while carrying out their employment duties or due to work performance (providing services) under the civil law contract concluded with the insured as well as damage to their personal property (pecuniary damage) and extra charges.
1. Why do I need employer's liability insurance?
In many countries, compensation for industrial injuries and occupational illness is paid out through the public social insurance system, mandatory insurance programs for employees against accidents at work, or through mandatory employer’s liability insurance. Government compensation systems prevail in central and eastern Europe and the Commonwealth of Independent States (CIS), including Russia. Unfortunately, payouts under government social systems in our country are negligible, and even when the Social Insurance Fund pays out to an employee, he has the right to seek redress in court if he believes that the payouts did not cover all of his expenses, such as the cost of treatment.
Employer’s liability insurance protects the property interests of the employer against claims of bodily injury, fatal illness or illness of employees as well as property damage to employees in the course of performing their duties under an employment or civil contract