This Workers’ Day, Join The League Of Great Organisation That Place Premium On Their Workers
This time tomorrow, workers nationwide will be commemorating the yearly May 1st Workers’ Day celebration. Beyond the public holiday, parades and fanfare, lies the real issues that led to the commemoration of the day itself.
Working people around the world have celebrated Workers’ Day since 1886 in solidarity with the call for employers to commit to better working conditions and decent wages. Apart from the celebration, the key issues surrounding the rights and protection of workers have remained an ongoing discussion till date.
What becomes of the valuable and hardworking people who on a daily basis contribute hours of their time and skills towards the growth of Africa’s largest economy? Are they adequately protected from the various hazards they encounter at workplaces? Records of work-related death and injuries globally are alarmingly high; [i]one worker dies every 15 seconds and 153 are involved in work-related accidents. Unfortunately, only [ii]34.84% of businesses in Nigeria are insured, meaning that millions of workers are left unprotected from the various risks they face.
From the workers on construction sites to the technicians inside industries, the chefs in hotels or restaurants and the teachers in the classroom; the need for protection that goes beyond workplace safety to financial safety is pertinent and this protection can be given in form of Insurance. Insurance covers such as employer liability, group life insurance and health Insurance not only protect your workers, but it gives them a feeling of assurance that their work and contribution towards the organization are valued. Also, these insurance covers protect your business from going the route of making payments for costly liability in event of your workers suffering danger in the line of their duty. These costs can as well go into the successful running of your business and making an impact, especially in Nigeria’s torrid economy.
As Leadway Assurance joins workers nationwide in celebrating Workers’ day, we call on employers of labour to protect the invaluable core of their organization -the workers- by procuring the necessary insurance cover, especially the Leadway Business Owner Support Scheme (L-BOSS) policy designed for small businesses. The L-BOSS is an insurance policy with different levels of cover through which small and medium size business owners can protect their employees against various risks. The policy covers employee life assurance death-on-service, which is worth three times your employee’s annual salary as required by the Pension Reform Act 2003. This part of the policy guarantees that family members who rely on the deceased’s income are compensated in the event of an untimely death.
Also, the LBOSS covers medical expenses incurred by your employees as a direct result of an accident at work. Given the high occurrence of workplace accidents globally, this insurance cover is highly imperative for the protection of your employees, and also helps your organization bear the burden for claims or legal expenses as a result of such accidents.
Under the LBOSS policy, your business premises and their content (office equipment, customers’ belongings) are protected from the financial consequences of material damages caused by fire, lightning, limited explosion, earthquake, volcanic eruption, malicious damage, strike, riot, flood, storm, impact and burglary* (*burglary cover applies to contents only).
This policy also provides comprehensive cover for your company’s motor vehicle (including company-owned dispatch motorcycles) against theft, damage, fire and towing costs, and up to N1,000,000.00 of claims from third parties for death, including an occupier’s liability cover against possible legal suits relating to injury or loss suffered by visitors to your property.
Buy the LBOSS policy today and give your workers the protection they deserve. Contact our customer care line on (01) 2800 701, 2800 700, 08129997037 or email: Lcs@leadway.com for additional information. You can also visit our website: www.leadway.com for more details on our products.
[i] “One worker dies every 15 seconds, 153 have work-related accidents” vanguardngr.com, 2017
[ii] “SMEDAN and National Bureau of Statistics collaborative survey’, nigerianstat.gov.ng, 2015