A new law has been passed in the Philippines which will expand insurance coverage to farmers and fishers. The law, signed by President Benigno Aquino III on Wednesday, allows for a maximum of P50,000 ($1,500) per family member who is injured or killed while working as an agricultural laborer under contract with private The law makes it mandatory for many farmers and fishery owners to participate in the scheme, which covers equipment and infrastructure, as well as personal injury and life insurance for workers.
A new law has been passed in the Philippines which will expand insurance coverage to farmers and fishers. The country's House of Representatives approved legislation which mandates the Philippine Crop Insurance Corporation (PCIC) to provide additional cover to workers in the agricultural and fishing industries against losses arising from natural disasters, disease and pest infestations. The law makes it mandatory for many farmers and fishery owners to participate in the scheme, which covers equipment and infrastructure, as well as personal injury and life insurance for workers.