Mutual Benefits highlights importance of insurance cover for workforce protection

As workplace safety concerns and compensation claims continue to pose financial and reputational risks to organisations, insurance experts have emphasised the growing relevance of Group Personal Accident insurance as a safeguard for employers and employees alike.

Mutual Benefits Assurance Plc emphasises the need for organisations to protect their workforce through Group Personal Accident Insurance policy, designed to provide compensation to employees or members of a defined group in the event of bodily injury arising from accidents.

According to the company, the policy covers incidents resulting from accidental, violent, external and visible means, offering compensation for death, permanent or temporary disablement, as well as reimbursement of medical expenses. The cover applies globally, giving employees protection whether incidents occur locally or abroad.

The insurer explained that the policy becomes effective immediately upon agreement of benefits, payment of premium, and issuance of the policy document, and remains valid until midnight of the last day of the insurance period.

Policyholders are required to immediately notify the insurer of any claimable event, and provide necessary supporting documents.

However, the cover is subject to certain conditions, including specified benefit limits, defined periods of disablement, and the requirement that death resulting from an accident must occur within one year of the incident to qualify for compensation.

Mutual Benefits notes that beyond financial restoration following workplace accidents, the policy offers employers peace of mind by reducing exposure to costly litigation and reinforcing their commitment to employee welfare.

Industry observers say adopting such proactive risk management solutions not only strengthens corporate governance, but also enhances workforce confidence and organisational stability in an increasingly complex operating environment.