Employers are legally bound to provide insurance for the people working for them. Employers necessarily provide group health insurance cover, liability insurance cover. Employers provide liability insurance, which ensures health and safety of employees at their place of work. Employers provide compensation in case of any accident or injury while at work. The insurance cover taken by the employers is called Employer Liability Insurance Scheme.

Whenever, your employer takes an insurance cover for you, you will be issued a certificate with information about the cover. The employers also have to put this certificate on display, where it can be easily read by all employees. When you are injured or need the cover, the insurance company has to be contacted and they will release the funds. If you were injured before joining an employer, you will not get benefits from current policy. This means that if you put in your claim today, for an injury in past, when you were nor working with current employer, the policy your employer has taken for you, will not give you with any benefits.

The employer is legally liable for providing insurance when,

- You work at employers premises using their equipment.

- Your employer provides the processes and you can't send a replacement for yourselves.

Employers also provide group health insurance cover. Health insurance cover ensures that all people in a cover, including your employer will get benefits of the cover, at lower premiums. This cover is an added benefit that employers give to their employees. You can get money for drugs, medical services as well as cashless service for hospitalization.

Health insurance plans provided by the employers are subsidized by the government. Usually, tax incentives are provided to employers. This costs US govt. around USD 10 billion.

Employers can choose from numerous options available today for taking a group cover. Health insurance cover may prove to be difficult as insurers may wish to fix different premium for each employee and will like a full profile of each one of them. In USA, more than 44% of employers provide health insurance as a benefit to their employees.

The insurance cover protects the employer also as some grumpy employees may file frivolous suites against the company. These incidents can be taken care for using the insurance cover and employers are also protected in such cases.

Some employers also provide long term insurance cover or LTC. This cover protects the employees against inflation also and is more comprehensive in nature. Employer also can claim tax deduction on premiums paid for this policy. Other then low cost of this insurance cover for employees, it is far easier to get this coverage. Also, this coverage is extendible to one's blood relatives, spouses, making it more attractive.

Employer insurance plans not only safeguard interest of employers, employees but also work towards attracting and retaining talent in job market.