Industrial Disaster

“Industrial Disasters are caused by chemical, mechanical, civil, electrical or other process failures due to accident, negligence or incompetence, in an industrial plant which may spill over to the areas outside the plant causing damage to life and property.”

Industrial disease

A disease or illness suffered by an employee as a result of working on an industrial process or in harmful working conditions. Benefits are payable by the state under the Social Security (Industrial Injuries) (Prescribed Diseases) Regulations 1985 as amended. The victim may also be able to sue the employer for negligence or breach of statute. Prescribed diseases include asbestosis and mesothelioma; silicosis (mines and quarries); byssinosis (respiratory, cotton); tenosyniovitis (conveyor work, pottery); lead poisoning (glass, scrap metal, lead); cancer; dermatitis; occupational deafness including tinnitus.

Industrial injuries benefit

A social security benefit payable tax free to employees who either (a) suffered an accidental injury arising in the course of work; or (b) contracted a prescribed disease or prescribed injury while working. It is a no fault compensation scheme running parallel with any rights the injured party may have against his employer. Benefits include the industrial injuries disablement benefit payable for loss of capacity through an industrial accident or prescribed disease. Payments are based on the percentage disablement caused by the injury, e.g. 40 per cent disablement attracts £46.72 per week (2003).

Industrial insured

A commercial insurance buyer presumed by virtue of its financial size to be able to negotiate insurance contracts with insurers without the protection of insurance regulators. Restrictions may apply on the ability of the insured to recover from a state’s guaranty funds. Under some state insurance laws, an industrial insured must meet size criteria (net worth and number of employees) to be eligible to purchase nonadmitted insurance.