Workers' Compensation and Employers' Liability

Workers' Compensation provides workers' benefits as a result of injury or death from accidents or occupational disease while on the job. Offered in many countries around the world, Workers' Compensation systems differ substantially from voluntary to mandatory offerings and benefits ranging from limited indemnity to unlimited medical responsibilities.

Employers' Liability protects employers from liabilities arising from disease, fatality, or injury resulting from workplace conditions, practices and accidents. In some countries, the costs of legal fees and any compensation paid to an employee who has been injured at work or has become ill while carrying out work duties is included in the scope of coverage. Employers Liability insurance is compulsory for businesses in some jurisdictions. In the US, it is combined with Workers' Compensation coverage. In the UK, businesses are compelled to hold this type of insurance according to the Employers’ Liability (Compulsory Insurance) Act 1969.

Swiss Re continues to evaluate the ever-changing underlying loss drivers impacting these products, allowing us to offer innovative risk protection and capital solution options to our clients.