Because every employee can be injured on the job, the business will need to pay for it, and employer's liability insurance can make up for this loss, so businesses need to buy employer's liability insurance.

Here are four ways to analyze the need for employer's liability insurance:

What is employer's liability insurance?

Legal necessity of employers' liability insurance?

What forms of employment are covered by employers' liability insurance?

What employment risks does employers' liability insurance transfer?

I. What is employers' liability insurance?

Definition: An insurance policy that covers the liability of the insured (employer/enterprise) for the disability, death or other losses caused by accidents or occupational diseases of the employees hired by the insured while they are engaged in the relevant work during the period of employment.

In layman's terms, it means that if an employee suffers from an accident or occupational disease while doing work related work during the period of employment, the company needs to compensate the employee with a sum of money, and the employer's liability insurance can transfer this loss from the company, and pay the money that the company has compensated to the employee to the company again.

The key point is that employer's liability insurance can pay for occupational diseases in addition to work-related injuries, so what business wouldn't want it.

The legal necessity of employer's liability insurance?

What money do employees need to compensate for workplace injuries? Specifically we can look at the detailed provisions of laws and regulations, these are the responsibility of the enterprise should bear.

First of all, the enterprise must pay for the employee's injury insurance, if the enterprise paid the injury insurance, the yellow part of the following chart by the injury insurance fund, the blue part of the enterprise; if the enterprise did not pay the injury insurance, the yellow part of the blue part of the enterprise to bear all the compensation for the work injury will be a considerable amount of money.

The responsibilities mentioned in the above chart are only those stipulated in the Regulations on Workers' Compensation Insurance, in addition to other laws and regulations that should be borne by the enterprise, the enterprise is required to pay.

Thinking about doing business is really not an easy thing to do, in addition to business operations, but also worry about employee accidents. Once the fracture and other situations, at least is also the tenth degree of disability, this situation the enterprise at least need to pay about 100,000 or so compensation.

Third, what forms of employment are covered by employers' liability insurance?

Employer's liability is so important to businesses, is it only the formal employees can buy this insurance? The answer is no, the market requirements for employees are more relaxed, the following employees can be added to the policy as employees:

Employees who have signed a labor contract;

Employees who have a de facto labor relationship;

Temporary workers, interns, etc., who work for varying lengths of time;

Labor dispatch personnel, seconded personnel, retired personnel,

New employees who have not yet worked for the company are not eligible for the policy,

There is no reason why the company should not be able to offer the policy to employees who have not yet worked for the company.

Newly hired employees who have not yet had time to participate in the workers' compensation insurance;

Employees who have applied to leave the company to stop social security, but are still working in their original positions.

From the above list, it can be seen that the employer's liability insurance includes a comprehensive group of people, whether it is a temporary worker, a regular worker, an employee who has signed a labor contract, or an employee who has a de facto labor relationship.

Particularly some people temporarily do not have the conditions to pay workers' compensation insurance, then the employer's liability insurance will be particularly important.

Four, employer's liability insurance can transfer the risk of what employment?

Employers liability insurance is so important, and can protect all forms of employees in the enterprise, we will look at the responsibility of what protection is included, which money insurance companies can help companies to bear.

Employer's liability insurance usually includes 24-hour accident protection and work-related injuries, work-related injuries is the main responsibility, mainly to make up for the compensation of work-related injuries of the enterprise's employees, generally includes disability compensation, medical expenses, hospitalization allowances, lost wages, living care costs, a one-time disability employment benefits, etc.; 24-hour accident coverage is more a welfare protection of the enterprise to the employees, the enterprise's employees, and the employer's liability insurance can help the employer to cover the costs of work-related injuries. In addition to the work of the accidental injury, life may also suffer accidents, with this responsibility, the employee's bump, cat scratch dog bite can also be reimbursed, such a benefit will certainly make the enterprise highly acclaimed.

Let's look at a real-life case to see how much this insurance has shifted expenses for businesses.

Lin XX is an employee of the insured XX Catering Company, joined the company in January 2020, and was mainly responsible for the work of the back kitchen after joining the company. in May 2020, he slipped and fell at work, and his ribs hit a steel plate, and after checking, he was diagnosed with a fracture of the 7th and 8th ribs on the left side, and was discharged from the hospital after healing, and was off sick for 112 days during the period ****.

After Lin XX was identified as 10 level of disability.

Results of the claim

1, medical expenses: 28112 yuan;

2, lost wages 6000/30*112 days = 22400 yuan;

3, a one-time employment benefits: 25000 yuan;

4, disability benefits, limit 30000 yuan, the company actually paid 25737 yuan;

5, life care expenses 50 yuan, the company actually paid 25737 yuan. p>5, life care costs 50 * 30 * 3 = 4500 yuan;

*** counted pay out 105,749 yuan.