A load has been taken off the minds of employers in Singapore. Insurance company Chubb recently unveiled enhancements to its employee compensation insurance package Chubb Work Guard.
At the core of the enhanced policy is a broader suite of insurance coverages, which have been designed to meet evolving business needs in the face of changing workplace safety and health management systems in Singapore.
Chubb Work Guard offers coverage for Hospitalisation Leave, as well as Non-Occupational Accidental Death and Total Permanent Disability—both of which are beyond statutory requirements. Twelve new benefits have also been added:
- Traditional Chinese medicine expenses
- Replacement staff / recruitment costs
- Funeral expenses
- Continuous worldwide bed confinement
- Accidental HIV infection treatment
- Terrorism benefit – injury (lump sum)
- Terrorism benefit – witness (lump sum)
- Terrorism benefit – incapacity (lump sum)
- Workplace trauma benefit
- 24-hour cover on worldwide business travel
- Travelling to and from work (excluding travelling on two-wheelers)
- Contingent liability to independent contractors
Adam Clifford, Country President, Singapore, Chubb commented, "To ensure a holistic and progressive solution for businesses in Singapore, we have redesigned our product offering so that it remains competitive and tailored to our clients' needs. With our deep market insight and commitment to quality service, we aim to provide a best-in-class solution for our existing and potential clients so they have adequate protection to mitigate the impact of a workplace accident."
Paul Arkwright
Publisher
