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Employer liability insurance available in China

By Song Hongmei (chinadaily.com.cn)
Updated: 2006-10-26 08:38

Senior managers in China's listed companies have a specially designed insurance plan which helps ease work pressure both in and out of the office.

AIU Insurance Company China branch, a member of the American International Group, yesterday presented a liability insurance plan for directors, supervisors and senior managers in listed companies. This is the first plan of its kind in China.

The liability insurance enables listed companies to meet the costs of compensation and legal fees for employees who are injured or take ill at work through the fault of the employers, be they directors, supervisors, senior managers or managing directors in the subsidiaries.

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The full text is available in the October Issue ofChina Insurance.