Personal Accident Insurance<\/strong><\/p>\n\n\n\n In an increasingly competitive business scenario, every organization has to prepare for the unexpected. This applies not just to its property, but also to the employees. After all, an organization cannot afford to lose people, whether to illness, accidents or any other unforeseen mishap. Century\u2019s Personal Accident Insurance is designed to empower an organization with a choice of comprehensive insurance plans that provide peace of mind for its people and powerful incentives for the organization.<\/p>\n\n\n\n The basic policy covers the employee against accidental death, 24 hours of the day, anywhere in the world. The policy may be extended to cover permanent and\/or temporary disablement.<\/p>\n\n\n\n Product Liability Insurance<\/strong><\/p>\n\n\n\n The policy covers all sums (including defense costs) which the insured becomes legally liable to pay as damages as a consequence of:<\/p>\n\n\n\n \u2022 Accidental death\/bodily injury or disease to any third party arising out of any defect in a product manufactured by the Insured; and<\/p>\n\n\n\n \u2022 Accidental damage to property belonging to a third party arising out of any defect in a product manufactured by the Insured.<\/p>\n\n\n\n Coverage is written on a claims made basis, i.e. the policy provides coverage for an injury or loss if the claim is first reported or filed during the policy period.<\/p>\n\n\n\n Public Liability Insurance<\/strong><\/p>\n\n\n\n A business is nurtured like one\u2019s own child. But just as in life, in business as well, accidents happen which one cannot prevent. For instance, a customer slips and twists his \/ her ankle because of a wet floor in the business premises, resulting in hospitalization. Century\u2019s Public Liability Insurance covers the Insured against such legal liabilities, giving the best of protection.<\/p>\n\n\n\n The policy indemnifies the Insured for any third party liability claims arising out of accidents, injury or damages that occur on the Insured\u2019s premises in connection with the carrying on of the business. For more comprehensive protection, it can be extended to cover legal exposures arising out of sudden and accidental pollution, Act of God perils, transportation of hazardous substances and more.<\/p>\n\n\n\n Employer\u2019s Liability Insurance<\/strong><\/p>\n\n\n\n An employer is responsible for the health and safety of all the employees while they are working. If any employee is injured at work, or he \/ she becomes ill as a result of negligence, he \/ she may claim against the employer in order to seek compensation. Century\u2019s Employer\u2019s Liability Insurance covers the Insured employer if this situation arises. It also usually covers the legal cost and expenses incurred to defend such a claim.<\/p>\n\n\n\n Workmen\u2019s Compensation Insurance<\/strong><\/p>\n\n\n\n Rapid strides have been made in achieving better rights for employees in today\u2019s increasingly global environment. Workmen\u2019s Compensation Insurance covers the compensation payable under a scheme set out in the Workmen\u2019s Compensation Act. The policy covers statutory liability of an employer for the death of or bodily injuries or occupational diseases sustained by workmen in the Insured\u2019s immediate service and arising out of and in the course of employment. Costs or expenses incurred by the insured employer, with the consent of the Company, to defend any claims are paid in addition.<\/p>\n\n\n\n Money Insurance<\/strong><\/p>\n\n\n\n The Money Insurance policy can cover loss of money in transit caused by robbery, theft, or any fortuitous event; loss of money from the Insured\u2019s premises during business hours caused by theft or robbery; and loss of money from the insured\u2019s safe or strong room caused by theft or robbery.<\/p>\n\n\n\n Hospitalization<\/strong><\/p>\n\n\n\n Hospitalization expenses are constantly rising on account of inflation and depreciation of the Pak Rupee versus international currencies. As a result, businesses and semi-autonomous government bodies that provide health benefits to employees are faced with unforeseen expenses that they had not budgeted for. Moreover, providing employees with health benefits is an administrative hassle and a distraction from core business activities. Health insurance is an effective way to deal with these issues.<\/p>\n\n\n\n Century Insurance provides high quality health insurance that aims to provide the best possible services and care to the employees of the insured and their dependents. Employees do not need to pay at the hospital \u2013 all expenses are settled by Century Insurance directly with the panel hospital. In addition to Hospitalization benefits, the policy can cover the following:<\/p>\n\n\n\n Personal Accident Insurance In an increasingly competitive business scenario, every organization has to prepare for the unexpected. This applies not just to its property, but also to the employees. After all, an organization cannot afford to lose people, whether to illness, accidents or any other unforeseen mishap. Century\u2019s Personal Accident Insurance is designed to empower… <\/p>\n\n
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