WIBA Insurance

WIBA Insurance Kenya stands for  Workers Injury Benefits Act. It is a requirement for businesses or organizations to cover themselves against compensation towards injuries caused to their employees.

WIBA Insurance policy covers you as an employer against legal liability under the Labor Laws about Health and Safety Act 2007. This is in respect to the assessments.

It compensates for bodily injury to your employees due to accident or occupational diseases arising out of and during the course of employees’ employment in your organization or business premises.

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These are the items covered in WIBA Insurance cover in Kenya;

  • Covers you financially, in case of your employees’ death. The death benefits are payable to beneficiaries of the insured.
  • It protects you financially; against employees’ work related injuries and occupational diseases.
  • It provides funeral expenses benefits.
  • It provides medical expenses benefits.
  • It also provides total or partial disablement benefits to the insured.

These are the exclusion on WIBA Insurance Policy Kenya;

  • WIBA Insurance Kenya won’t compensate your employees, if an accident not resulting in serious disablement or death, is deliberately and caused by misconduct of your employees.
  • Work Injury Benefits Act policy won’t cover you financially, from accidental death or work related injuries occurring outside the normal working hours of your employees.
  • It won’t cover any work related injuries and occupational diseases contracted outside Kenya.
  • Furthermore, WIBA Insurance won’t cover any liabilities arising out of any court proceedings.

 

 

Why do you need WIBA Insurance In Kenya?

  • Besides being a mandatory requirement for employers,  it protects you financially against liabilities which arises from your employees work related injuries and occupational diseases.
  • WIBA Insurance management when carried out internally will affect your company’s operations. In order for this not to happen, you need to transfer risks to an insurance company for your employees’ safety and health compensation plan.
  • Transferring risks to an insurance company will not affect your company’s financial planning.
    Because of this, it will be a lot easier to give the company’s financial report when you consider Work Injury Benefits Insurance Policy (WIBA).
  • It covers you financially in case of large scale risks such as fire and road accident.
    When you don’t consider WIBA policy cover in the event of large scale risks, your company will suffer in terms of finances ending up in bankruptcy.

Difference between WIBA Insurance and Personal Accident Cover

Before you get to know the difference between WIBA and Personal Accident Cover, you need to understand Personal Accident Cover and what items are covered.

Personal Accident Cover provides a compensation plan for you when you get injured in an accident. To read more on the benefits of a personal accident cover, click here.