With the decentralization of the workplace because of COVID-19, companies are looking for ways to support their employees. A big debate that is now raging is how companies can protect them during WFH.
A growing list of insurance companies are looking to solve this by re-looking at their policies. Chubb is leading the charge with its new Work from Home Insurance in Hong Kong SAR and Singapore.
Considered the first of its kind in the market, the new product directly addresses the key challenges that WFH poses. It also covers both mental and health aspects together in a single policy.
Key features include:
● Payment for psychological counseling of employees diagnosed with stress disorders because of working from home.
● Ergonomic injury benefits for postural or ergonomic stress or strains.
● Accidental death or permanent disability payments because of an accident at home or serious burns received because of cooking while working from home.
● Coverage for employees who are injured whilst carrying out their work away from their residence.
It overcomes the gaps in current company insurance packages that only covers an employee for workplace-related insurance or those related to carrying out company services.
Chubb's Work from Home Insurance has been tailored to enable employers to continue to care for the health, safety and well-being of their employees whilst they work remotely.
“Technological advancements have allowed people to stay connected, and flexible work arrangements may remain a part of every employee's work week and expectations even after the COVID-19 pandemic has passed. It is timely for Chubb to launch the Work from Home Insurance to help employers meet the evolving employee care and benefit needs,” said Stanley Wong, President of Chubb's general insurance business in Hong Kong SAR.
You can expect other insurers to introduce similar packages as lockdowns, WFH and circuit breakers become part of our daily lives.
Photo credit: iStockphoto/Svetlana Larshina