On Thursday, Zurich North America announced its Occupational Injuries Insurance for Non-Subscribers to the Texas Work Compensation Scheme.
Like traditional employee compensation, Zurich's Texas product provides employer liability, salary compensation, medical and accidental death protection in the event of an occupational injury. It also provides a combination of customizable wage compensation options up to $ 2,000 per week to 100% of the average weekly wage, unlimited medical expenses, separate employer liability limits and one-time benefits in the event of accidental death and division, according to a spokeswoman for Schaumberg, Illinois-based US insurer, a subsidiary of Zurich Insurance Group.
The product is the result of a collaboration with program administrator CPro Associates, whose principals over 30 years ago developed the first occupational injury coverage for Texas employers who opt out of the employee compensation system, called "non-subscribers," according to the statement. Catalog