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Employers’ Contingent Liability

This policy, formerly known as the Workmen's Compensation Policy, originated from the mandatory insurance framework introduced by the Workmen's Compensation Decree of 1987 and later formalized as the Workmen's Compensation Act of 1990. The legislation requires employers to provide compensation for employees who suffer work-related injuries, disabilities, or death, ensuring financial protection for workers and their families.

  • Requires employers to compensate employees for work-related injuries, disabilities, or death.

  • Provides financial support to workers or their families during times of workplace-related hardship.

Do I need Employers’ Contingent Liability Insurance policy?

Financial Protection

  • Helps pay for third-party injury or property damage claims, reducing out-of-pocket expenses.

  • Covers the cost of legal defense, settlements, and court judgments.

Legal & Regulatory Compliance

  • Meets Mandatory Insurance Requirements: Ensures the business complies with industry and legal obligations

  • Reduces Risk of Penalties: Protects the company from fines, lawsuits, and potential business disruptions due to non-compliance.

Talk to our professionals

Speak with our experienced underwriters or get more info on
Employers’ Contingent Liability insurance from any of our members

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+2349091527508

FAQ and responses

Frequently asked questions

What are the classes of liability insurance policies the Pool operates on?

Motor, Public/Product Liability, Workmen’s Compensation, General Third-Party Liability, Contingent Employers’ Liability, Occupiers/Builders’ Liability, Professional Indemnity, Directors’ and Officers’ Liability.

Are there expected minimum premium to be ceded to the Pool?

Arrangement between the Pool and members is akin to the Quota Share arrangement on the basis of 60/40.

Is cession to the Pool the same for all classes of business by members?

Cession is the same for all policies except for Motor Comprehensive where 4.5% and Contractors’ All Risks where 15% of premium is ceded to the Pool to cater for the Liability aspects of the risks.

There is already a pre-paid premium on our Liability treaty, and we would want to know how best to utilise the Pool facility.

Cession to the Pool depends on how you rank the Pool; for instance, would you feed your treaty before thinking of the Pool or vice versa?

What are the exclusions and exceptions to Pool’s risks acceptance?

Some of the notable exclusions are participation in: (1) The own damage section of members’ motor policies (2) Exploration, drilling, processing of petroleum gasoline or related products and petrochemical products

From indication above, does the Pool support layered liability policies?

The Pool’s arrangement with the members is on a Quota Share basis and does not support layered liability policies.

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