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Advantages of Workmen Compensation/ Employees Compensation Insurance
Comprehensive Cover

Our workers compensation/ employees compensation policy covers legal liability under the Workmen Compensation/ Employees Compensation Act (WCA) of 1923 with subsequent amendments, Fatal Accident Act, 1855 and common law. Our comprehensive plan provides cover for medical expenditure, occupational and compressed air disease as well.

Universally Accepted

Our worker compensation/ employees compensation policy meets your contractual requirements. It is also recognized by customers, suppliers, regulatory authorities, external agencies and international companies. In terms of risk locations, pan India coverage is applicable under our workers comp insurance/ employees compensation plan.

Covers Unforeseeable Events

Our workmen compensation/ employees compensation policy provides coverage against unforeseeable events such as disabilities due to workplace injuries, occupational ailments in course of employment, medical treatment for the injuries, lost wages, lawsuits (defence costs), terrorism and accidental death.


Industry Specific

We provide industry specific coverages as the cover and risks vary considerably by industry. Generally the risks are highest in manufacturing and industrial businesses. We make sure the insured properly understands the risk and occupation classification before buying the insurance.

Benefits of Workmen Compensation/ Employees Compensation Insurance

Cover for Medical Expenditure

  • Workmen compensation/ Employees compensation policy covers medical expenses from injuries arising from accidents during employment.
  • Medical expenditure could be incurred either during hospitalization or on out patient basis.
  • Choose one of three options for sub-limit from the calculator i.e., Rs 10000, 25000 and 50000.

Legal Liability

  • Workers compensation/ Employees compensation policy covers employer's legal liability from an accident to a worker, during the working hours in office premises.
  • Policy pays the legal compensation decided by the local labour commissioner or court.
  • Defence costs arising out of lawsuits filed in the labor court are also covered.

Cover for Occupational Diseases

  • Workmen compensation/ Employees compensation policy covers diseases & illnesses caused due to prolong exposure to occupational hazards specific to the employer's industry
  • Compressed air diseases could be selected as an additional benefit under the policy
  • Sample diseases that are covered include Bagassosis, Bronchopulmonary and Pneumoconioses.
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FAQs

The workmen compensation/ employees compensation policy cover legal liability to all the employees under W.C. Act 1923, the Fatal Accidents Act, 1855 and at Common Law. The legal liability arising out of death or disability during the course of employment will be covered. Additionally, workers compensation/ employees compensation policy also covers the medical expenses for the treatment of an injury sustained by the workmen due to any accident during the employment. This policy is now also known as Employee Compensation policy.
Worker compensation/ Employees Compensation policy does not cover any employee who is not a 'workman within meaning of the Law(s)', any injury or an accident directly attributable to civil war, mutiny, insurrection and nuclear risk, insured's liability to employees of contractor to the insured, any liability of the insured which attaches by virtue of an agreement, any compensation for diseases mentioned in Part 'C' of Workmen's Compensation/ Employee's Compensation Act‐ 1923, unless specifically covered as an add-on
Any injury or an accident leading to death of the worker during the course of employment is a fatal accident. Whereas, any injury or accident resulting in partial or permanent physical disablement such as loss of limb, loss of sight or hearing is defined as non-fatal accidents. Fatal Accidents Act 1855 is a law which provides a suit for compensation for such losses and which is covered under workmen compensation/ employees compensation policy.
Ailments that are contracted due to the nature of work is termed as occupational diseases. Occupational diseases such as allergies, lung disease, heart disease etc are generally not covered by default under workmen compensation/ employees compensation policy. Diseases covered include Pneumoconioses caused by sclerogenic mineral dust and silico-tuberculosis if silicosis is an essential factor in causing the resultant incapacity or death, Bagassosis, Bronchopulmonary diseases caused by cotton, flax hemp and sisal dust (Byssinosis), and Acute Pulmonary Oedema of High Altitude.

Insuropedia

What is the Workmen’s Compensation/ Employee's Compensation Act ?

The Workmen’s Compensation/ Employee's Compensation Act offers compensation to workers and their dependents in case of injury or accident that may arise out of and in the course of employment resulting in disability or death.It helps an employer by covering the legal liability coverage....

What is covered under Workmen Compensation/ Employees Compensation Insurance Policy?

Workmen compensation/ Employees compensation insurance is a product designed to insure the employer against their liability towards the workers in case of injury at the workplace.Workmen Compensation/ Employees Compensation Act:.....

How Expensive is Workmen Compensation/ Employees Compensation Insurance?

Workmen compensation/ Employees compensation insurance tariffs are determined based on the valuations of Insurance Information Bureau of India (IIB).

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