Employee Compensation (EC), also know as Employer’s Liability, is one of the first insurance any new company should subscribe.
As an Employer, you got a liability in case one of your staff suffers any injury or contract illness in the course of his duties. Thus, whatever your staff is full or part time worker, contractor, sub-contractor, free-lance etc….
For most countries this is a mandatory insurance that comes with the basic insurance package (together with Property All Risks and Public Liabilty) you will subscribe when you start your business .
This will cover wages and salaries during sick leaves, medical costs and compensation for permanent disability / death.