Occupiers’ Liability Insurance product is designed to meet the legal requirement for cover required of all building owners or occupiers for the benefit of third parties.
It covers them against the perils such as collapse, fire, storm, earthquake and flood.
The policy covers all business and office premises; residential buildings that are let out (in full or in part); recreational centers, club houses, cinema halls, etc.; schools and training institutions; and all other buildings where third parties have access as licensees, tenants, lodgers, or for educational, medical, business or recreational purposes.
This type of policy provides death, permanent and temporary disability benefits to employees as a result of accident during the course of employment. It is designed to improve the welfare of employees as well as reduce the financial strain on the organization in the event of accident, death or bodily injury to a member of staff.
The policy also provides cover on 24-hours basis and benefits are expressed as multiples of salaries. Cover extends to weekly benefits in the event of temporary disability resulting from bodily injury to the insured person as well as certain allowances for expenses incurred on medical treatment. Death, or injuries from natural causes are not covered.