Employer’s Liability (Group Life) Insurance

February 18, 2014 | posted in: Compulsory Insurances | by

Employers of labour with more than four employees are required to obtain this cover under the Pension Reform Act 2004. The law requires that employers have insurance that will provide for compensation in the event of death, disappearance, disability, or critical illness suffered by staff while in service and to subsidize pension provision in the event of mental or physical disability.

This law applies to both public and private sector employees.

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