How to choose the best insurance provider for WC Policy? Workmen or employees are the most valuable assets of any company. It is the employers’ responsibility to provide them with a safe working environment. In this regard, every employer lays down various safety measures. However, accidents at the workplace are unexpected and unavoidable which may […]
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Workmen Compensation Insurance Policy
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Workmen Compensation Insurance Policy
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- > SecureNow Assistance
- > Quick Guide to Workmen Compensation Insurance Policy
- > Frequently Asked Questions
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Quick Guide to Workmen Compensation Insurance Policy
What is Workmen Compensation Insurance?
Workmen Compensation Insurance, commonly known as Workers Compensation, provides coverage for employees' work-related injuries and illnesses. This safeguards their well-being and financial security during such incidents. The policy aims to financially support employees by covering medical expenses, lost wages, and associated costs. In numerous countries, Workmen Compensation Insurance is a legal obligation for employers to provide coverage to their employees, ensuring their protection.
The policy applies to injuries or illnesses that occur while performing job-related activities. This type of insurance provides a safety-net for employees and protects employers from lawsuits.
The Workmen Compensation Insurance scheme aids injured employees in obtaining essential care and support. It assists their recovery and return to work.
Workmen / Workers Compensation Act in India
The Workers Compensation Act 1923, also called the Workmen Compensation Act India, safeguards workers' interests. The Workers Compensation Act, also called the Workmen Compensation Act India, sets up legal measures for workplace injuries and illnesses. It ensures worker protection and compensation.
The Act establishes guidelines for employers to ensure a secure work environment. It also mandates compensating workers who sustain injuries or disabilities while employed. This legislation safeguards both employees and their employers. The Workmen Compensation Act rules detail how to file a claim and the entitled compensation amount for workers.
The WC Policy Rules offer guidelines for Act implementation and clarify rights of employers and employees alike. The Act applies to all employees, whether they are working on a full-time, part-time, or temporary basis. The Workers Compensation Act's main goal is aiding injured or disabled workers with financial assistance. It ensures timely medical care and support for recovery and return to work.
Who should buy Worker's Compensation Insurance?
Any business that employs workers should consider purchasing Worker's Compensation Insurance. This insurance provides financial assistance to employees who suffer from injuries or illnesses related to their work. It helps to cover medical expenses, lost wages, rehabilitation, and other related costs.
Typically, the law mandates Workers' Compensation Insurance, and failing to provide it can subject the employer to significant penalties. Even businesses operating in low-risk industries should consider purchasing this insurance as accidents can happen anytime.
It is not uncommon for businesses in low-risk industries to have Worker's Compensation Insurance claims. Businesses offering this insurance ensure employees get the care and support needed to recover and resume work. This can help to foster a positive work culture, attract and retain top talent, and minimize legal liabilities for the business.
What does a Workmen Compensation Insurance cover?
Workmen Compensation Insurance, also known as Worker's Compensation Insurance, provides coverage to employees who suffer from work-related injuries or illnesses. The policy typically covers medical expenses, lost wages, and rehabilitation costs associated with the injury or illness. Workmen Compensation Insurance coverage may encompass vocational rehabilitation and disability benefits. It might offer death benefits to the employee's family for work-related bodily injury or illness-related employee demise.
The policy also covers legal liabilities, such as legal fees and court costs associated with a lawsuit. The Workmen Compensation Policy Coverage applies to injuries or illnesses during job-related activities. This includes incidents that happen off-site.
It is important to note that the coverage may vary depending on the insurance policy and the state laws. It is essential to consult with an insurance agent to determine the right policy coverage for the business.
What is not covered under Workmen Compensation?
While Workmen Compensation Insurance provides coverage for work-related injuries and illnesses, there are some exclusions to the coverage. Usually, Workmen's Compensation Policy doesn't cover injuries outside work. This includes injuries during an employee's commute to work.
Likewise, the policy typically doesn't cover injuries resulting from drug or alcohol use. Excluded activities might involve voluntary actions, like joining an office sports team or doing volunteer work off-site.
Furthermore, the policy might exclude self-inflicted injuries, injuries resulting from criminal acts or misconduct. It could also exclude injuries incurred while violating company policy. Consult an insurance broker or agent to ensure policy exclusions are clear, protecting both business and employees effectively.
Advantages of Workmen Compensation Insurance Policy
Some advantages of a Workmen Compensation Insurance Policy benefits are:
- Financial assistance for employees who suffer from work-related injuries or illnesses, including medical expenses, lost wages, and rehabilitation costs.
- Legal liability protection for employers.
- Helps to foster a positive work culture by demonstrating a commitment to the safety and well-being of employees.
- Provides financial stability for the business and the employee.
- Facilitates the attraction and retention of highly skilled professionals.
- Can reduce the risk of lawsuits and associated legal costs.
- May include job retraining, disability payments, and family benefits if an employee dies from work-related injury or illness.
- Covers injuries or illnesses during job-related activities, even off-site incidents.
- Businesses can customize it to suit their and employees' specific needs.
- Can be a requirement by law in many states, and non-compliance can result in hefty fines and legal liabilities.
How much does a Workmen Compensation Insurance cost?
The cost of Workmen Compensation Insurance Premiums varies depending on several factors. The premium calculation considers industry type and employee count. It also factors in the business's state and work risk level.
High-risk industries like construction can have higher premiums compared to low-risk ones like administrative services because of risk factors.
Claims history influences premiums; insurers might see businesses with more claims as higher risk, leading to possible insurance cost hikes. The size of the business and the payroll may also affect the premium. A business's claims history affects the premium; insurers may see more claims as higher risk, leading to increased costs.
Noting that the expense of Workmen Compensation Insurance is a crucial investment for employee safety, well-being, and business stability.
Types of businesses that need Workmen Compensation
Workmen Compensation Insurance, also known as a labor insurance policy, is an essential investment for any business that has employees. Here are some types of businesses that may need Workmen Compensation Insurance:
- High-risk industries - Construction and similar industries need Workmen Compensation Insurance because of increased work-related injury or illness risks.
- Small businesses - Small businesses should consider Workmen Compensation safeguards against work-related injuries or illnesses for employees and business owners.
- Businesses in states where it is mandatory - States mandate Workmen Compensation; ensure business compliance with local regulations and laws.
- Businesses with a history of workplace injuries - Injury history may prompt Workmen Compensation Insurance for legal and financial safeguards.
- Businesses that value employee safety - Prioritize employee well-being with Workmen Compensation Insurance, showing commitment to safety and health.
Workers Compensation Policy: Add-ons
A workers' Compensation Policy is an insurance policy that provides coverage for employees who suffer from work-related injuries or illnesses. Alongside standard coverage, businesses can choose add-ons for extra employee protection and coverage enhancements.
A common add-on is employer's liability insurance, which covers legal responsibility if employees sue for work-related injuries or illnesses. Another add-on is occupational accident insurance. It covers workers like independent contractors who aren't under workers' compensation.
Some policies may also include coverage for medical expenses, rehabilitation expenses, and lost wages. Evaluate business and employee needs. Collaborate with a trusted insurer to choose suitable add-ons for the Worker's Compensation Policy.
Conditions Regarding Worker Compensation
Workers' Compensation Insurance is an essential coverage that provides benefits to employees who suffer work-related injuries or illnesses. However, employees must meet specific conditions to be eligible for compensation.
Injury/illness during work and within job duties scope are requirements for compensation eligibility. The employer must have workers' compensation insurance coverage at the time of the incident. The employee must report the injury or illness to the employer as soon as possible and seek medical attention promptly.
Failure to comply with any of these conditions may result in a denial of benefits. Both employers and employees must be aware of these conditions to ensure a smooth and successful workman compensation Insurance claim process.
How to choose the right Workmen Compensation policy?
Selecting the right Workmen Compensation policy is vital to safeguard employees and reduce legal and financial liabilities. One way to start the process is by researching and comparing different workers' compensation policies online.
When seeking coverage, prioritize policies that comprehensively address work-related injuries or illnesses. This should include medical costs, lost wages, and rehabilitation expenses.
Also, assess insurer reputation, industry experience, and track record in managing workers' compensation claims when choosing. Evaluate business and employee needs to choose a policy that aligns with specific requirements.
Things to remember before getting a workmen compensation
Before acquiring workmen compensation policy, businesses must consider key factors to ensure informed decisions about employee coverage. Here are some key considerations:
- Evaluate the specific needs of the business and its employees to determine the appropriate coverage amount and type of policy.
- Research and compare different insurance providers and policies to find the best fit for the business.
- Check the reputation and experience of the insurance provider and their track record in handling workers' compensation claims.
- Understand the terms and conditions of the policy, including coverage limits, exclusions, and deductibles.
- Work with a reputable insurance provider and seek advice from an insurance agent or broker to make an informed decision.
- Ensure compliance with state regulations and laws related to workers' compensation insurance.
What is the claim process for Workman Compensation Insurance?
An employee starts the Workman Compensation claim process by reporting work-related injury or illness to the employer. The employer then notifies the insurance provider and begins the claim process.
The insurance provider investigates the claim to determine its validity and assesses the extent of the bodily injury or illness. An employee starts the Workman Compensation claim process by reporting work-related injury or illness to the employer. The insurance provider may also work with the employees to facilitate their return to work.
The claim process may involve various steps, such as documentation, medical evaluations, and communication between the employee, employer, and insurance provider.
For a smooth claim process, both employer and employee must cooperate and provide accurate information throughout.
Required Documents for WC Insurance Policy
When requesting a workmen insurance policy online, you might need the following documents:
- Business registration documents, such as a certificate of incorporation and business license
- Employee details, including name, age, job title, and salary
- Payroll records or financial statements to determine the appropriate coverage amount
- Safety and risk assessment reports, if available
- Details of any previous workers' compensation claims
- Any relevant medical reports or records related to previous workplace injuries or illnesses
- The insurance provider might also require other supporting documents.
Common Workmen Compensation terms simplified for you
Here are some common terms related to employee compensation insurance, simplified for better understanding:
- Premium - The amount paid by the employer to the insurance provider to cover the cost of the policy.
- Policy limit - The maximum amount that the insurance provider will pay for a claim.
- Employer's liability - Employer's duty: safe work environment, compensate for work-related injuries or illnesses.
- Disability benefit - Payment given if injury/illness causes temporary/permanent disability preventing work.
- Rehabilitation benefit - Compensation paid to the employee for medical treatment and services required to recover from the injury or illness.
- Settlement - An agreement between the insurance provider and the employee to resolve a claim.
- Claim - A request for compensation made by an employee for a work-related injury or illness.
How to Calculate Workmen Compensation Insurance Premium?
You can calculate the Workmen Compensation Insurance Premium using a workers' compensation premium calculator or a workmen compensation policy premium calculator.
- Determine the payroll amount - Calculate the total amount paid to all employees during the policy period.
- Determine the classification rate - The insurer determines the rate based on the type of work performed by employees.
- Calculate the base premium - Multiply the payroll amount by the classification rate.
- Adjust the base premium - Base premium adjusts with employer's experience rating, workplace safety record, and possible discounts or surcharges.
- Add fees and taxes - The premium may include additional fees and taxes.
- Calculate the final premium - The final premium is the total payable amount by the employer for the Workmen Compensation Insurance.
Frequently Asked Questions
The Workmen Compensation (WC) policy, a pillar of workplace security, provides financial compensation to employees impacted by work-related incidents. This emphasizes their protection and well-being in the organization.
Workmen compensation acts as a vital safety net. It guarantees financial protection for employees facing injuries, disabilities, or fatal incidents because of work-related situations. This accentuates their physical well-being and overall security within the work environment.
According to the Workmen's Compensation Act 1923, employees with work-related injuries or disabilities can receive compensation from their employer. Similarly, if work-related incidents cause death, the employer grants compensation in unfortunate circumstances. This law ensures their financial protection.
Workmen's compensation is generally valid across countries and states, offering benefits to employees affected by work-related injuries or illnesses.
No, these act are not same. The Employee Compensation Act is a newer law replacing the Workmen's Compensation Act and covering more employees.
The Workmen Compensation Act is a must for Indian employers with workmen employees. Not following it can lead to legal penalties. Non-compliance can lead to legal consequences.
A worker compensation policy safeguards employers from financial liability and compensates employees for work-related injuries, disabilities, or death. It ensures swift medical care and supports the recovery and resumption of work activities. WC policy directly addresses work-related injuries, ensuring employee protection and legal compliance, unlike general insurance.
There is no minimum number of employees for workmen compensation coverage in India. Even one workman employee qualifies for coverage.
Employers can register for workmen's compensation policy with their respective state government's labor department or through a licensed insurance provider.
The Workmen's Compensation Act requires employers to provide benefits for work-related injuries or illnesses. This ensures employees' financial well-being and security during unfortunate incidents.
Permanent total disablement is when an employee becomes completely and permanently disabled because of work-related injuries or illnesses. This prevents them from earning a livelihood.
Permanent partial disablement is when an employee endures lasting loss or impairment of specific body functions. This results from work-related injuries or illnesses.
Temporary disablement happens when an employee can't work temporarily because of work-related injuries or illnesses. They might get benefits compensating lost wages during this time.
An active Workmen's compensation policy might provide coverage for legal obligations. These arise when employers neglect duties or breach work injury regulations.
The Workmen's Compensation policy is voluntary insurance. In contrast, Employees' State Insurance Corporation (ESIC) is mandatory, offering social security benefits. ESIC ensures employee benefits for work-related injuries or illnesses.
Yes, the Employee's Compensation Act, 1923, mandates employers in India to possess workmen's compensation insurance.
Workmen's compensation insurance commonly covers work-related injuries or illnesses for employees. This includes temporary or permanent disability, medical expenses, and lost wages.
If a worker dies while working in India, their family might receive compensation as per the Workmen's Compensation Act 1923. This legislation ensures financial support for affected families.
In general, a workmen compensation policy provides coverage for instances of accidental death or injury. Employees might experience these while engaged in their job duties and within the scope of their work responsibilities. This coverage applies to situations that arise during their employment tenure.
The coverage of contract workers or employees by workmen compensation insurance varies based on their employment status and contractual agreements. Specific regulations and policies established to govern their work arrangements determine this coverage.
Yes, the workmen compensation policy encompasses fundamental coverage that involves various benefits. These benefits include help for temporary and permanent disability, as well as aid with medical costs and wage replacement. All these aspects aim to address situations arising from injuries or illnesses directly linked to the individual's work responsibilities.
Yes, workmen's compensation policy commonly offers coverage for accidental death, permanent total disability, and permanent partial disability. It also includes coverage for temporary total disability caused by work-related injuries or illnesses.
This benefit acknowledges the distinct risks employees encounter in their job roles. It secures their well-being and financial safety during occupational health challenges. The Occupational Disease cover is an important addition to workmen compensation policies.
It provides coverage for illnesses arising from workplace hazards or toxin exposure. This benefit acknowledges the distinct risks employees encounter in their job roles. It secures their well-being and financial safety during occupational health challenges.
It provides coverage for illnesses arising from workplace hazards or toxin exposure. This benefit acknowledges the distinct risks employees encounter in their job roles. It secures their well-being and financial safety during occupational health challenges.
Compressed air diseases are health issues caused by exposure to high-pressure environments, leading to conditions like decompression sickness. Compressed Air Disease cover, featured as an add-on in workmen's compensation policy, provides protection against illnesses. This includes those arising from exposure to high-pressure compressed air, like decompression sickness.This ensures protection for workers in such environments.
Medical extension add-on cover in workmen's compensation policy offers extra advantages for medical costs exceeding policy limits. These include hospitalization expenses and post-treatment rehabilitation support.
Terrorism cover in workmen's compensation policy safeguards against injuries or deaths from acts of terrorism or politically motivated violence. This coverage ensures financial support during such unfortunate events, offering security to both employees and employers.
Contractor/sub-contractor refers to individuals or firms engaged by the employer to perform specific tasks, often under contractual arrangements. Contractor/sub-contractor coverage in workmen compensation policy protects against injuries or deaths of contract workers engaged by the employer.
The PAN India location coverage within WC insurance guarantees comprehensive protection. It secures against work-related injuries or illnesses at any Indian operating location, ensuring employees' well-being and organizational security. Employers across India, are liable to pay compensation under WC policy for work-related injuries.
Workers compensation add-ons can encompass rehabilitation support, addressing injured employees' medical needs and expediting their return to work. These enhancements also extend to covering occupational diseases arising from workplace exposures. Furthermore, these provisions address employer responsibility, offering protection against losses resulting from negligence or non-compliance, ensuring comprehensive coverage.
Considering the total covered employees, their monthly wages, and the policy duration computes the Sum Insured. This assessment ensures appropriate coverage for potential risks. In a workmen's compensation policy, the Sum Insured acknowledges Total annual wages or Declared Wages for the insurance period.
The policy calculates Sum Insured from employee wages, based on a percentage of the total wage bill. This alignment safeguards both employees and employers during unexpected events, ensuring adequate coverage.
The price impact of medical expenses and occupational diseases under an employee compensation insurance policy can increase the premium amount.
The discount available for workmen compensation insurance policy varies depending on factors such as industry, business size, and claims history.
The cost of a Workmen Compensation Policy in India is contingent on various factors. These include the business's nature, the count of employees, and the extent of coverage needed. These variables determine the premium, customizing protection for the organization and its workforce, ensuring tailored coverage.
Compensation under the Workmen Compensation Insurance Policy hinges on multiple factors. These include the nature and severity of the injury sustained, the employee's salary, and the medical expenses incurred. Calculation adheres to policy terms and predefined limits, ensuring fair and appropriate coverage for the insured.
To find the optimal Workmen Compensation Insurance Policy, explore various avenues. Utilize comparison websites to evaluate multiple options efficiently. Consult insurance brokers or agents who offer personalized advice. Additionally, conduct online research to gather insights and make informed decisions regarding coverage, cost, and benefits.
When assessing insurers, collect quotes from several providers. Analyze their financial stability and reputation for claims management. Ultimately, select the insurer that aligns with your needs and budget most effectively.
Deciding between a PSU and a private insurer for workmen compensation insurance hinges on cost, coverage, and service aspects. However, each case needs a customized assessment that considers its specific circumstances and factors.
Yes, buying a WC policy online offers convenience. It lets you compare options, receive quotes, complete e-KYC, and finalize purchase efficiently. Buying a WC policy online provides convenience, reliability, payment choices, and potential savings in pricing.
To offer a quotation for workmen's compensation insurance, insurers usually require details like business nature and employee count. Furthermore, the insurer takes into account the organization's previous claims history while assessing workmen's compensation insurance coverage.
Yes, when purchasing employee compensation insurance, you might need documents like business registration, employee count, and prior claims history. In addition, the organization must also fulfill the requirement of completing the e-KYC by updating PAN and GST numbers
To apply for a workmen's compensation policy, contact an insurer or broker, provide the necessary information, and pay the premium. Online applications are also available.
To pursue workmen's compensation in India, it's crucial to inform your employer of the injury promptly. Alongside, submit pertinent documents that support your claim.
Next, formally file a claim with either the Employee's State Insurance Corporation or the Labor Commissioner, ensuring proper documentation for success.
Next, formally file a claim with either the Employee's State Insurance Corporation or the Labor Commissioner, ensuring proper documentation for success.
Necessary documents for processing a workmen compensation insurance claim may include medical records and accident reports. Additionally, the insurer requires employee details and pertinent information to complete the processing of the workmen compensation insurance claim.
The workers compensation insurance calculates claim amounts by considering injury type and medical expenses as primary factors. This includes salary and nature of injury.
What Our Customers Are Saying
Leepika Batra
We renew our workmen compensation policy with SecureNow year on year for all our entities. Our workers have been benefitted from this policy and we cannot thank the SecureNow team enough for all their efforts and services.
Rinky Bhargava
We reached out to the SecureNow asking advicee on some insurance policies for our blue-collared employees. The team provided us with some great options and we are glad we chose SecureNow as our insurance partner.
Shikha Gangwar
Buying a workmen compensation is really easy with SecureNow. I selecte the industry of operation, sum assured everything online and bought the policy easily. I also received a copy of the insurance over my email. This is so convenient.
Anjali Singh
Our business recently chose SecureNow for our workers' compensation insurance, and we're incredibly satisfied with the results. SecureNow's team guided us through the process, helping us understand the various coverage options. This level of service was exceptional and made it easy for us to select the best policy for our employees.
Rehan Sharma
SecureNow Insurance Brokers' workman compensation insurance has been a game-changer for our company. The coverage they provide ensures that our employees are protected in case of accidents or injuries on the job. Their team was not only professional but also very helpful in guiding us through the insurance options.
Vaishali Verma
We recently opted for workman compensation insurance from SecureNow Insurance , and it has proven to be a wise decision. Their team is knowledgeable and assisted us in customizing a policy that suits our specific business needs. The coverage is comprehensive, ensuring our employees are well-protected.
Mohit Sabbarwal
SecureNow Insurance Brokers has become our go-to for workman compensation insurance. Their policies provide invaluable protection for our employees, giving us peace of mind. The team's guidance in selecting the right coverage was highly appreciated.
Pinku Chopra
Choosing SecureNow for our workman compensation insurance was a smart move. Their team provided excellent support throughout the process, helping us tailor the policy to our unique needs. What really stands out is their dedication to quick and fair claims processing.
Karan Tehlan
SecureNow's workman compensation insurance offers crucial protection for our workforce. Their knowledgeable team and efficient claims process make them the trusted choice for safeguarding our employees.
Rahul Mehta
SecureNow's workman compensation insurance provides comprehensive coverage and top-notch support. Their straightforward claims process and attentive service make them a vital asset for protecting our team.
M/S Bisht Brothers
SecureNow's workman compensation insurance offers peace of mind. With customizable policies and responsive service, they ensure our employees are protected, and the claims process is seamless.
M/S Pandey Enterprise
SecureNow's workman compensation insurance is an invaluable asset. Their expert guidance and efficient claims handling make them the preferred choice for safeguarding our workforce.
M/S R.V. Enterprise
SecureNow offer top-notch workman compensation insurance. Their commitment to employee safety, alongside a straightforward claims process, makes them the ideal choice for protecting our workforce.
Austin engineering
SecureNow's Workers Compensation policy is fantastic, and their service support is outstanding!
Devendra Biswal
SecureNow's Workmen's Compensation policy offers excellent claims support. They make the process simple and quick, ensuring our employees receive the care and benefits they deserve without hassle
siddharam infrastructure pvt ltd
The extensive coverage in SecureNow's Workmen Compensation policy ensures our employees' well-being, and we couldn't be happier.
Saffron Fire Systems
Exceptional service from SecureNow. They make buying and renewing Workers Compensation insurance hassle-free.
GOPAKUMAR K
SecureNow's service support for Workers Compensation is top in its class. They truly care about their clients.
KRISHAN KUMAR
SecureNow's Workers Compensation policy saved the day, with expert advice for our team's safety.
Ramesh
With professional guidance from SecureNow, we were able to buy best Workers's Compensation plan for us easily.
Parveen sarah
Grateful for SecureNow's expert advice on Workmen Compensation - they've got you covered.
ashok brothers hyd
We renewed our WC Polilcy recently frm SecureNow. Their expert policy related advice ensures our team's well-being.
Puja
SecureNow's online platform made Workmen Compensation policies hassle-free - quick and easy.
SUPER FURNACE WORKS INDIA PVT LTD
Buying and renewing our Workmen Compensation policy on SecureNow's online interface is a breeze.
Nilesh
SecureNow's Workmen Compensation policy covers our team comprehensively, providing peace of mind and support when needed.
Dashrath Bhatiya
SecureNow's Workers Comp is good, but more flexibility in coverage options would be appreciated.
shree hari krupa agotech
Decent coverage in SecureNow's Workers Compensation policy, but it could offer a bit more flexibility to suit different needs.
indian healthcare
Thanks to SecureNow's user-friendly online system, Workmen Compensation policies are a too easy to manage.
Chemtech Industries
We decided to go with Securenow since 2020. The reason for this shift is the expert guidance they offer to customise the policy basis our policy need from time to time. This helps up save cost with out compromising on the coverage & claim admissibility. as they offer excellent e website is self explanatory whic step. All the processes whether to buy a policy or a really simple. Their team has an excellent response time.
SRI PARAMESWAR FABRICATORS
Buying worker's insurance from Securenow hardly took anytime. They have an easy to navigate website that explains everything, even to the frist time visitors, helps themn complete the steps. Kudos to the team.
Anupama
We recently bought WC policy for our organsation. Securenow is doing a great job helping clients to secure best worker compensation.
Tammay Salgaonkar
Great policy investment... securenow helped us understand the need, did risk anaylsis of our buiiness and suggeste best Workers' Compensation for us. Apprecaate their help a lot...
Ramesh Kr.
Customer support people were very diligent & answered my queries regarding workmen compensation . Their approach is always soln. oriented. Thanks SecureNow!
Siddhi
Our employee have expressed their happiness with WC insurance cover they have now. Securenow cam highly recommnded by our affiliates. They toook time to understand our business risks and helped us get a tailored policy.
Vinay Jain-HR Mgr
SecureNow's processes are well defined, quick and convenient. right from buying to claims. It hardly took anytime. Easy navigation on website explains everything quickly which helps a lot in completing the transaction. Kudos to the team.
PRIME INDUSTRIES
It is best to go for insurance broker like Securenow who given you time, understand your needs, to offer you personalised solutions. We had a great experience buying WC policy from Securenow.
OVERSEAS LEATHERS
We bought WC insurance from Securenow. It was our 1st experience buying this insurance and must say we now have high expectations from them. Their client support team has been very helpful in guiding us throught the purchase journey.
Shishir Punj
We are very greatful to Securenow for the prompt processing of our claim. This is totally worth the investment and we trust in their capabilities after the experience.
Arindham
Workers compensation policy we bought from Securenow has excellent coverage...Thanks.
Techno Mach Systems
workers compensation insurance we have since last 5 yrs brings lots of releif to us. We took help of Securenow in getting the policy. They helpd us nodify same post covid.
Bright Star Engineers & Asso.
We have Workers compensation policy from Securenow. Their team was very helpful during the entire claims process. They made our experience seamless & hassle-free. They helped remit the money without any reminders and in reasonable time frame.
SRI PARAMESWAR FABRICATORS
Securenow has great online presence, with an user friendly app and website which are self explanatory. Processes whether to buy a policy or renewing is really simple.
Mr. Sudhir Rana
The main purpose of Workmen comppensation is providing relief in difficult times. We recently had an inceden in our small factoryt where few of our workers got injuries. We reached out to Securenow, and they assisted us with all the information and get the policy cover executed. I am happy to have bought through them.
Arkey Enterprises
We bought Workmen Compensation Insurance from Securenow for our business. We wanted to secure our employees' welfare and protect our own business interests. We are confident it is a good buying decsison . Thank you Securenow!
KDS Bottling Co.
I have recently purchased a Workmen Compensation Insurance Policy from Securenow. It has coverage for death, bodily injury and disability of employees due to unforeseen events. All my employees has been covered under the scheme.
M/s Tech Gears
I have got very good plan of workmen compensation insurance, and that too at low cost from Securenow Insurance broker. I bought my plan via online. There is no need of laptop or high speed of Internet. Their website is user friendly customer can buy policy from mobile in normal internet speed
HR-Ujwal Ind.
The claim assistance is quite fast and unique. The employer should immediately inform about the accident or death to the company so that action should be taken immediately.
Aditya Singhal
The representative was very helpful resolving my employee claim in a timely manner . They helped me with the process of the claim also with medical bills that occur.
Sameer Chand
I bought everything online and it was fast. The questions were easy to answer and everything was self explanatory. I like how easy for a company as ourself to buy online. This helps cutsomer and your company when it comes to getting claims filed.
Harshil Corrugation
Excellend support extended by securenow team at the time of buying worker compensation policy. Happy t partner with securenow!
Arc Metal Fabricators
The workers compensation we bought is very important of us. We have paid lots of money from company funds for minor accidents that happen during the production of our merchandise. It is peace of mind now.
MetroTech Consultants
Got a policy specially designed for our orgainzational needs. This helped keep the premium down also.
Anila Pandey
Securenow expert team advise us to get WC policy that is most suitable for our firm. Thye guided us from long term point of view and offered best rates. Thanks to the team Securenow!
Shubham Enterprise
Bought WC policy from the Securenow online portal for our workers in my industry to get protection aganst any Accidental miss happening caused to them. It offers amazing deals which provide them with medical coverage and help me to get a policy.
Jose Mathew
I wanted to buy a workmen compensation policy but was unable to find the right website. As my colleague suggested, I try visit the securenow.in website online which made me purchase pretty good. Their affordable premium plan, the widest choice is great.
IndoChem
It was a good investment. Thanks SecureNow team for helping us find suitable workmen compensation insurance.
Invertose Pvt Ltd
I had a great experience buying workmen insurance policy for my company. Securenow guided me ver well for this.
Aditi Iyer
Got a good workmen compensation option, Got financial protection for unforeseen injury to any of my workers. Thanks Securenow Team!
Tanabana Textiles
We got a good deal while purchasing WC insurance from SECURENOW. Thank you!
Fareed
I wanted to buy a workmen compensation insurance policy. So I visited SecureNow website and contacted their team. They provided me with expert advice, which really helped me to decide. Thanks, Securenow team.
Uday industries
I recently got to know about employee compensation. So i approached Securenow website and researched about it. They provide widest choices of plans and Impressive coverage. So i made a purchase there itself. It highly benefits me. Thanks SecureNow.
M/s Ess Kay Industries
Great customer service by Securenow on buying workers compensation of my co. Thanks!
Vaibhav Nigam
I am an old customer of SecureNow. I purchased workers compensation insurance 2 years ago. The coverage has been comprehensive and whenever I had to file a claim, SecureNow responded promptly and took care of all the necessary procedures. It's a reliable policy.
Deepak Singh
Ours is a small organization and we were looking at an insurance that will help our employees financially due to any unforeseen situation at the workplace. Thank you SecureNow for advising us with the best workmen compensation insurance. Our employees feel valued.
Diksha Monga
SecureNow's workmen compensation policy is cost-effective and has good coverge. Happy that we chose them.
Madhulika
SecureNow has been our insurance advisor for over a year now, and we've recently bought the WC policy for our employees who work in the manufacturing unit. This will help them from future financial distress and we feel there is value in this.
Rohit Singh
The claims team at SecureNow has been really helpful. They have helped in coordinating an settling all the claims that arose in the past couple of years. We have a workmen compensation policy with SecureNow along with other policies.
Namratha Movva
You can trust SecureNow with all your policies. We have WC policy with them and haven't had any issues so far. Policy placement was on time, claims get settledon time. The RMs associated with us are very good and efficient.
Lucy Kumari
If you want to buy a workmen inurance, try SecureNow. Yoy'll get everything under one roof starting from competitive quotes to help in case of claims. I am extremely happy with the service I have received from SecureNow.
Shwetank Raj
You can really trust SecureNow when it comes to buying a personalised workmen compensation policy. They'll not only give you competitive quotes but also help you throughout in the claim process.
Leepika Batra
We renew our workmen compensation policy with SecureNow year on year for all our entities. Our workers have been benefitted from this policy and we cannot thank the SecureNow team enough for all their efforts and services.
Rinky Bhargava
We reached out to the SecureNow asking advicee on some insurance policies for our blue-collared employees. The team provided us with some great options and we are glad we chose SecureNow as our insurance partner.
Shikha Gangwar
Buying a workmen compensation is really easy with SecureNow. I selecte the industry of operation, sum assured everything online and bought the policy easily. I also received a copy of the insurance over my email. This is so convenient.
Anjali Singh
Our business recently chose SecureNow for our workers' compensation insurance, and we're incredibly satisfied with the results. SecureNow's team guided us through the process, helping us understand the various coverage options. This level of service was exceptional and made it easy for us to select the best policy for our employees.
Rehan Sharma
SecureNow Insurance Brokers' workman compensation insurance has been a game-changer for our company. The coverage they provide ensures that our employees are protected in case of accidents or injuries on the job. Their team was not only professional but also very helpful in guiding us through the insurance options.
Vaishali Verma
We recently opted for workman compensation insurance from SecureNow Insurance , and it has proven to be a wise decision. Their team is knowledgeable and assisted us in customizing a policy that suits our specific business needs. The coverage is comprehensive, ensuring our employees are well-protected.
Mohit Sabbarwal
SecureNow Insurance Brokers has become our go-to for workman compensation insurance. Their policies provide invaluable protection for our employees, giving us peace of mind. The team's guidance in selecting the right coverage was highly appreciated.
Pinku Chopra
Choosing SecureNow for our workman compensation insurance was a smart move. Their team provided excellent support throughout the process, helping us tailor the policy to our unique needs. What really stands out is their dedication to quick and fair claims processing.
Karan Tehlan
SecureNow's workman compensation insurance offers crucial protection for our workforce. Their knowledgeable team and efficient claims process make them the trusted choice for safeguarding our employees.
Rahul Mehta
SecureNow's workman compensation insurance provides comprehensive coverage and top-notch support. Their straightforward claims process and attentive service make them a vital asset for protecting our team.
M/S Bisht Brothers
SecureNow's workman compensation insurance offers peace of mind. With customizable policies and responsive service, they ensure our employees are protected, and the claims process is seamless.
M/S Pandey Enterprise
SecureNow's workman compensation insurance is an invaluable asset. Their expert guidance and efficient claims handling make them the preferred choice for safeguarding our workforce.
M/S R.V. Enterprise
SecureNow offer top-notch workman compensation insurance. Their commitment to employee safety, alongside a straightforward claims process, makes them the ideal choice for protecting our workforce.
Austin engineering
SecureNow's Workers Compensation policy is fantastic, and their service support is outstanding!
Devendra Biswal
SecureNow's Workmen's Compensation policy offers excellent claims support. They make the process simple and quick, ensuring our employees receive the care and benefits they deserve without hassle
siddharam infrastructure pvt ltd
The extensive coverage in SecureNow's Workmen Compensation policy ensures our employees' well-being, and we couldn't be happier.
Saffron Fire Systems
Exceptional service from SecureNow. They make buying and renewing Workers Compensation insurance hassle-free.
GOPAKUMAR K
SecureNow's service support for Workers Compensation is top in its class. They truly care about their clients.
KRISHAN KUMAR
SecureNow's Workers Compensation policy saved the day, with expert advice for our team's safety.
Ramesh
With professional guidance from SecureNow, we were able to buy best Workers's Compensation plan for us easily.
Parveen sarah
Grateful for SecureNow's expert advice on Workmen Compensation - they've got you covered.
ashok brothers hyd
We renewed our WC Polilcy recently frm SecureNow. Their expert policy related advice ensures our team's well-being.
Puja
SecureNow's online platform made Workmen Compensation policies hassle-free - quick and easy.
SUPER FURNACE WORKS INDIA PVT LTD
Buying and renewing our Workmen Compensation policy on SecureNow's online interface is a breeze.
Nilesh
SecureNow's Workmen Compensation policy covers our team comprehensively, providing peace of mind and support when needed.
Dashrath Bhatiya
SecureNow's Workers Comp is good, but more flexibility in coverage options would be appreciated.
shree hari krupa agotech
Decent coverage in SecureNow's Workers Compensation policy, but it could offer a bit more flexibility to suit different needs.
indian healthcare
Thanks to SecureNow's user-friendly online system, Workmen Compensation policies are a too easy to manage.
Chemtech Industries
We decided to go with Securenow since 2020. The reason for this shift is the expert guidance they offer to customise the policy basis our policy need from time to time. This helps up save cost with out compromising on the coverage & claim admissibility. as they offer excellent e website is self explanatory whic step. All the processes whether to buy a policy or a really simple. Their team has an excellent response time.
SRI PARAMESWAR FABRICATORS
Buying worker's insurance from Securenow hardly took anytime. They have an easy to navigate website that explains everything, even to the frist time visitors, helps themn complete the steps. Kudos to the team.
Anupama
We recently bought WC policy for our organsation. Securenow is doing a great job helping clients to secure best worker compensation.
Tammay Salgaonkar
Great policy investment... securenow helped us understand the need, did risk anaylsis of our buiiness and suggeste best Workers' Compensation for us. Apprecaate their help a lot...
Ramesh Kr.
Customer support people were very diligent & answered my queries regarding workmen compensation . Their approach is always soln. oriented. Thanks SecureNow!
Siddhi
Our employee have expressed their happiness with WC insurance cover they have now. Securenow cam highly recommnded by our affiliates. They toook time to understand our business risks and helped us get a tailored policy.
Vinay Jain-HR Mgr
SecureNow's processes are well defined, quick and convenient. right from buying to claims. It hardly took anytime. Easy navigation on website explains everything quickly which helps a lot in completing the transaction. Kudos to the team.
PRIME INDUSTRIES
It is best to go for insurance broker like Securenow who given you time, understand your needs, to offer you personalised solutions. We had a great experience buying WC policy from Securenow.
OVERSEAS LEATHERS
We bought WC insurance from Securenow. It was our 1st experience buying this insurance and must say we now have high expectations from them. Their client support team has been very helpful in guiding us throught the purchase journey.
Shishir Punj
We are very greatful to Securenow for the prompt processing of our claim. This is totally worth the investment and we trust in their capabilities after the experience.
Arindham
Workers compensation policy we bought from Securenow has excellent coverage...Thanks.
Techno Mach Systems
workers compensation insurance we have since last 5 yrs brings lots of releif to us. We took help of Securenow in getting the policy. They helpd us nodify same post covid.
Bright Star Engineers & Asso.
We have Workers compensation policy from Securenow. Their team was very helpful during the entire claims process. They made our experience seamless & hassle-free. They helped remit the money without any reminders and in reasonable time frame.
SRI PARAMESWAR FABRICATORS
Securenow has great online presence, with an user friendly app and website which are self explanatory. Processes whether to buy a policy or renewing is really simple.
Mr. Sudhir Rana
The main purpose of Workmen comppensation is providing relief in difficult times. We recently had an inceden in our small factoryt where few of our workers got injuries. We reached out to Securenow, and they assisted us with all the information and get the policy cover executed. I am happy to have bought through them.
Arkey Enterprises
We bought Workmen Compensation Insurance from Securenow for our business. We wanted to secure our employees' welfare and protect our own business interests. We are confident it is a good buying decsison . Thank you Securenow!
KDS Bottling Co.
I have recently purchased a Workmen Compensation Insurance Policy from Securenow. It has coverage for death, bodily injury and disability of employees due to unforeseen events. All my employees has been covered under the scheme.
M/s Tech Gears
I have got very good plan of workmen compensation insurance, and that too at low cost from Securenow Insurance broker. I bought my plan via online. There is no need of laptop or high speed of Internet. Their website is user friendly customer can buy policy from mobile in normal internet speed
HR-Ujwal Ind.
The claim assistance is quite fast and unique. The employer should immediately inform about the accident or death to the company so that action should be taken immediately.
Aditya Singhal
The representative was very helpful resolving my employee claim in a timely manner . They helped me with the process of the claim also with medical bills that occur.
Sameer Chand
I bought everything online and it was fast. The questions were easy to answer and everything was self explanatory. I like how easy for a company as ourself to buy online. This helps cutsomer and your company when it comes to getting claims filed.
Harshil Corrugation
Excellend support extended by securenow team at the time of buying worker compensation policy. Happy t partner with securenow!
Arc Metal Fabricators
The workers compensation we bought is very important of us. We have paid lots of money from company funds for minor accidents that happen during the production of our merchandise. It is peace of mind now.
MetroTech Consultants
Got a policy specially designed for our orgainzational needs. This helped keep the premium down also.
Anila Pandey
Securenow expert team advise us to get WC policy that is most suitable for our firm. Thye guided us from long term point of view and offered best rates. Thanks to the team Securenow!
Shubham Enterprise
Bought WC policy from the Securenow online portal for our workers in my industry to get protection aganst any Accidental miss happening caused to them. It offers amazing deals which provide them with medical coverage and help me to get a policy.
Jose Mathew
I wanted to buy a workmen compensation policy but was unable to find the right website. As my colleague suggested, I try visit the securenow.in website online which made me purchase pretty good. Their affordable premium plan, the widest choice is great.
IndoChem
It was a good investment. Thanks SecureNow team for helping us find suitable workmen compensation insurance.
Invertose Pvt Ltd
I had a great experience buying workmen insurance policy for my company. Securenow guided me ver well for this.
Aditi Iyer
Got a good workmen compensation option, Got financial protection for unforeseen injury to any of my workers. Thanks Securenow Team!
Tanabana Textiles
We got a good deal while purchasing WC insurance from SECURENOW. Thank you!
Fareed
I wanted to buy a workmen compensation insurance policy. So I visited SecureNow website and contacted their team. They provided me with expert advice, which really helped me to decide. Thanks, Securenow team.
Uday industries
I recently got to know about employee compensation. So i approached Securenow website and researched about it. They provide widest choices of plans and Impressive coverage. So i made a purchase there itself. It highly benefits me. Thanks SecureNow.
M/s Ess Kay Industries
Great customer service by Securenow on buying workers compensation of my co. Thanks!
Vaibhav Nigam
I am an old customer of SecureNow. I purchased workers compensation insurance 2 years ago. The coverage has been comprehensive and whenever I had to file a claim, SecureNow responded promptly and took care of all the necessary procedures. It's a reliable policy.
Deepak Singh
Ours is a small organization and we were looking at an insurance that will help our employees financially due to any unforeseen situation at the workplace. Thank you SecureNow for advising us with the best workmen compensation insurance. Our employees feel valued.
Diksha Monga
SecureNow's workmen compensation policy is cost-effective and has good coverge. Happy that we chose them.
Madhulika
SecureNow has been our insurance advisor for over a year now, and we've recently bought the WC policy for our employees who work in the manufacturing unit. This will help them from future financial distress and we feel there is value in this.
Rohit Singh
The claims team at SecureNow has been really helpful. They have helped in coordinating an settling all the claims that arose in the past couple of years. We have a workmen compensation policy with SecureNow along with other policies.
Namratha Movva
You can trust SecureNow with all your policies. We have WC policy with them and haven't had any issues so far. Policy placement was on time, claims get settledon time. The RMs associated with us are very good and efficient.
Lucy Kumari
If you want to buy a workmen inurance, try SecureNow. Yoy'll get everything under one roof starting from competitive quotes to help in case of claims. I am extremely happy with the service I have received from SecureNow.
Shwetank Raj
You can really trust SecureNow when it comes to buying a personalised workmen compensation policy. They'll not only give you competitive quotes but also help you throughout in the claim process.
Leepika Batra
We renew our workmen compensation policy with SecureNow year on year for all our entities. Our workers have been benefitted from this policy and we cannot thank the SecureNow team enough for all their efforts and services.
Rinky Bhargava
We reached out to the SecureNow asking advicee on some insurance policies for our blue-collared employees. The team provided us with some great options and we are glad we chose SecureNow as our insurance partner.
Shikha Gangwar
Buying a workmen compensation is really easy with SecureNow. I selecte the industry of operation, sum assured everything online and bought the policy easily. I also received a copy of the insurance over my email. This is so convenient.
Insuropedia
What is indemnity in Workers Compensation Insurance?
The indemnity clause entitles workers to get compensation for lost wages that they are otherwise capable of earning while recovering from a work-related accidental injury/illness. In workers’ compensation insurance, ‘to indemnify’ means to make payments to the injured or sick employee or to their family members[…]
Read MoreWorkmen Compensation policy – Right insurer (infographic)
According to the Workmen’s Compensation Act, 1923, Factories Act, 1948, and Common law, companies require to pay compensation to their employees and workers if they suffer physical injuries or death during the course of their employment. Since such injuries or deaths are uncertain, organizations face financial uncertainty. […]
Read MoreHow Is Premium Estimated for Worker’s Compensation Insurance?
The premium (tariff) is governed by the type of cover selected by the proposer as decided by the insurance regulator in India’s IRDA. Following two types of covers are available under Workmen (now Employees) Compensation Insurance […]
Read More