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2015 WAEC Insurance Theory (a)Define the term employer's liability in insurance. (b)State three benefits that can be covered under...

Insurance
WAEC 2015

(a)Define the term employer's liability in insurance.

(b)State three benefits that can be covered under employer's liability.

(c)State three causes of business interruption.

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Explanation

(a)Employersliability insurance protects employers from financial loss if a worker has a job-related injury or illness not covered by workers' compensation. ... Employersliability insurance is also called “part 2” of a workers' compensation policy.

(b)(i)       Death of the employer

(ii)      Permanent disability sustained by the employee

(iii)      Temporal disability sustained by the employee 

(c)(i)       Fine

    (ii)       Explosion

    (iii)       Special peril, etc. 


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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709