Photo: Pavel Špindler, Wikimedia Commons, CC BY 3.0Business insurance in Botswana
Licensed insurers and workers' compensation
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Get the free PDFWorkers' compensation: the cover employers must hold
The Workers' Compensation Act makes the employer liable for compensation for death or incapacity (section 11) and requires the employer to insure against that liability (section 31), with a certificate of insurance (section 32) and a duty on the insurer to satisfy a determination against the employer (section 35) (arrangement of sections).
Reporting deadlines and the claim form: workers' compensation in Botswana.
Who insures businesses
General insurers, reinsurers and the full list: insurance companies in Botswana. The general insurers wrote P1,732 million of premium in 2022 (NBFIRA Annual Report 2023, Appendix 4).
Use a licensed broker if you want someone to represent you rather than an insurer: "An Insurance Broker is someone/entity who represents you with your insurance transactions, unlike an insurance agent, who only represents the insurance company" (NBFIRA).
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Frequently asked questions
Is workers' compensation insurance compulsory in Botswana?
Yes. Section 31 of the Workers' Compensation Act (Cap. 47:03) is headed "Employer to insure against liability under this Act".
What is the difference between an insurance agent and a broker in Botswana?
NBFIRA: an agent represents the insurance company; a broker represents you and works with many insurers. Both must be licensed by NBFIRA.
Sources
- Workers' Compensation Act (Cap. 47:03) — arrangement of sections, Botswana Laws (section 31: employer to insure against liability; full text behind a paywall)
- Government of Botswana — Workers compensation: reporting within 10 and 17 days, claim within 12 months, forms 43/03 and 43/07
- NBFIRA — Annual Report 2023: Table 15, Appendix 4 (indicators for insurers), Appendices 6–7 and 9B–9C (lists of insurers and medical aid funds) (Web Archive copy)
- NBFIRA — Insurance Brokers (Web Archive copy of 21 January 2025)
- NBFIRA — List of regulated entities: insurers, reinsurers, medical aid schemes, brokers and agents (Web Archive copy of 21 January 2025; nbfira.org.bw did not open on 31 October 2026)