SINGAPORE--(BUSINESS WIRE)--ACE Group announced today the release of a video that discusses the mandatory need for work injury compensation insurance in Hong Kong and Singapore. It delves into employers’ obligations to their employees in the event of an injury at work and the penalties they potentially face should they fail to adequately implement a health and safety system at work.
In both territories, it is compulsory for employers to secure insurance protection for their employees to ensure that they are adequately cared for and compensated if they suffer on-the-job injury or illness. Apart from legal liability from claims, employers are susceptible to fines and even imprisonment for poor health and safety management at the workplace. Beyond a work injury compensation program, employers are responsible for identifying workplace hazards and ensuring that risk mitigation measures are in place to protect their employees from injury.
According to Mr. Adam Clifford, Head of Casualty for ACE in Asia Pacific, “ACE has developed a holistic solution – ACE Work Guard – to safeguard employers’ liability; which also offers value-added services to enhance the productivity and quality of the work environment. It is a work injury compensation program to protect employers and employees with comprehensive coverage beyond the basic statutory requirements.”
He added, “Through the program, we help to address employers’ concerns by working with risk managers in the development and implementation of health and safety strategies. Clients will also have access to our Healthcare Management services which provide superior medical care, such as rehabilitation for injured employees to facilitate their recovery so that they are able to return to work expeditiously. With ACE Work Guard, both the employers and employees will enjoy the benefits of being ACE insured, knowing that they have a partner who shares their vision for work place safety and employee care.”
To find out more, watch the video.
ABOUT ACE
ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 54 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index.
Additional information can be found at: www.acegroup.com.
ACE Group is a registered trademark of ACE Limited.