With the energy, care, time and resources you’ve put in, insurance for your business (and getting it right) will be a top priority. The extraordinary number and severity of catastrophes, a downturn in the investment market, sharply rising home and repair costs and the emergence of mold claims are all contributing to the higher insurance rates today, according to an insurance industry representative.
But for practical reason and in agreement with the Insurance Association of Bangladesh SBC underwrites all the public sector business and 50% of that business is distributed among the existing 43 private general insurance companies equally under National Co-insurance Scheme.
This policy is a liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.
The Employer’s Liability Insurance Policy indemnifies the Insured against liability at law to pay compensation and claimant’s costs and expenses in respect of the bodily injury by accident or disease to the Insured’s Employees for which he is liable and will in addition to pay all costs and expenses with the Company’s written consent.
The Employers’ Liability Insurance policy provides cover for an employer against liability for the damages and claimant’s costs and expenses in respect of bodily injury or disease sustained by any person under a contract of service or apprenticeship.