To guard home employees, the legislation mandates employers to buy labor insurance coverage for them. Nevertheless, labor insurance coverage comes with restricted protection. Bills like clinic visits for a chilly or fever should be paid out of pocket by the employer.
Alternatively, complete insurance coverage for home helpers (home helper insurance coverage), gives protection starting from outpatient care, hospitalization, dental providers, constancy assure, and even third-party legal responsibility, overlaying each the employer and the helper.
Labor Insurance coverage vs. Home Helper Insurance coverage
| Labor Insurance coverage |
Complete Home Helper Insurance coverage
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Annual Premium
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HK$200 and up
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HK$300 and up
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Protection
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Covers work-related accidents together with:
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Ready Interval
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Two weeks
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Some protection is efficient instantly
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Relevant To
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All home employees
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Principally relevant to international home helpers
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Why Purchase Home Helper Insurance coverage?
Based on the Staff’ Compensation Ordinance, all employers should present free medical care for his or her home helpers. Nevertheless, primary labor insurance coverage solely covers medical bills associated to work accidents. If a home helper catches a chilly or fever, the employer is chargeable for the medical prices, together with hospitalization bills. Extra extreme conditions, resembling losses incurred as a result of helper’s dishonest conduct or authorized liabilities arising from the helper’s negligence inflicting harm or property injury to a 3rd social gathering, should not lined beneath labor insurance coverage.
Due to this fact, buying home helper insurance coverage not solely meets authorized necessities but additionally gives complete protection, absolutely defending each the employer and the helper. The desk beneath lists the primary protection objects and contents of home helper insurance coverage, in addition to key factors to contemplate when buying.
Protection Objects & Key Issues
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Protection Merchandise
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Important Contents
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Factors to Be aware
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Medical Protection
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Private Accident
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Authorized Accountability
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Obligation arising from the helper’s negligence inflicting harm or property injury to a 3rd social gathering
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Hiring Dangers
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Property Loss
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Private property safety for international home employees (relevant solely inside the employer’s residence)
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Habits safety
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Key Issues When Shopping for Home Helper Insurance coverage
- When buying home helper insurance coverage, apart from contemplating the premium, protection, and insured quantity, take note of whether or not co-payment is required, particularly for specialist outpatient care and third-party authorized legal responsibility, which frequently have co-payment necessities.
- Pay particular consideration to the phrases associated to medical and hospitalization protection, resembling whether or not they specify “per day,” “per 12 months,” or “per sickness.” For instance, the utmost payout for hospitalization bills may be HK $50,000, however the “per day” most payout for hospitalization, meals, and different miscellaneous hospital bills may solely be HK$300. If the restrict is exceeded, no compensation will probably be offered. Moreover, hospitalization, surgical charges, and anesthesia charges may be damaged down into separate objects, slightly than being calculated as a single surgical procedure.
- Most home helper insurance coverage have a ready interval, sometimes round two weeks. Due to this fact, when buying home helper insurance coverage, guarantee ample time is allowed or select an insurance coverage plan with a shorter ready interval.
- Employment contracts require the home helper to stay on the similar tackle because the employer. For example, if a toddler hires a helper for an aged member of the family, the aged individual should be the policyholder, and the kid can’t buy the insurance coverage on their behalf, as this may render the coverage invalid.
Comparability of 10 Home Helper Insurance coverage Plans (Annual, in HKD)
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Insurance coverage Firm & Plan Identify
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Outpatient Charges (Western Medication)
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Hospitalization Bills
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Private Accident
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Constancy Assure
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Premium
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25 visits/12 months (as much as $12,000)
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$80,000
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$150,000
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$6,000
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$715
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Dah Sing Insurance coverage – MaidSure
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$150/day per go to (as much as $4,500)
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$30,000
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$100,000
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$10,000
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$680
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Generali – Home Helper Insurance coverage
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$200/day per go to (as much as $5,000)
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$25,000
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$100,000
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$8,000
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$450
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$200/day per go to (as much as $4,000)
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$30,000
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$120,000
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$5,000
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$487
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HongLeong – Home Helper Insurance coverage
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$180/day per go to (as much as $3,000)
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$25,000
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$100,000
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$10,000
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$300.3
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Blue Cross – MaidSafe Insurance coverage (Plan B)
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$150/day per go to (as much as $3,000)
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$20,000
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$100,000
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$3,000
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$630.5
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Prudential Insurance coverage – PRUChoice Maid Insurance coverage
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$210/day per go to (as much as $4,000)
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$30,000
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$200,000
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$6,000
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$730
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$200/day per go to (as much as $3,000)
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$80,000
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$100,000
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$10,000
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$916
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BOC – Good Home Helper Insurance coverage Plan (Complete Plan)
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$200/day per go to (as much as $3,500)
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$35,000
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$200,000
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$10,000
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$750
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AIG – Home Helper Protector 3.0 (Premier Plan)
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$250/day per go to (as much as $4,000)
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$150,000
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$150,000
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$5,000
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$795
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*Ultimate premiums are topic to the insurance coverage firm’s official pricing.
Steadily Requested Questions
What’s the distinction between Labor Insurance coverage and Complete Home Helper Insurance coverage?
Labor insurance coverage solely covers compensation for accidents or demise ensuing from work-related accidents; whereas complete Home Helper Insurance coverage covers a wider vary of things together with outpatient care, hospitalization, dental care, constancy ensures, and even third-party legal responsibility.
What ought to I take note of when shopping for Home Helper Insurance coverage?”,
When buying Home Helper Insurance coverage, along with contemplating the premium, protection, and insured quantity, you also needs to examine if co-payments are required. What’s extra, take note of the phrases associated to medical, hospitalization, and ready durations.