Third Party Insurance
This insurance provides coverage for legal liabilities arising from accidental bodily injury or property damage to third parties (non-policyholders) caused by the insured’s operations, services, or activities. It compensates for medical expenses, property loss, and legal costs, mitigating financial risks for businesses and individuals.
Labor Insurance
A mandatory social insurance scheme (in most regions) for employers to protect employees. It covers work-related injuries, medical care, maternity benefits, retirement pensions, and unemployment support, ensuring employees’ rights and reducing employers’ liability risks in case of workplace accidents or contingencies.