Workmen Compensation
Introduction The Factories Act, 1948 and the Workmen’s Compensation Act also known as Employees’ Compensation act of 1923, are based on the idea of improving work conditions, to regulate the health and safety of young persons, women and children who work in the factories. Under these Acts, there has been an exhaustive coverage of situations […]
1. Provide/maintain (a)safe working environment to the workers, in terms of plant and systems of work, use, handling, storage and transport of articles and substances (b) information, instruction, training and supervision as are necessary to ensure the health and safety of all workers at work. (c) accurate and up-to-date health records or, as the case […]
How to file a claim under Workmen Compensation Insurance? A Workmen’s Compensation policy covers the financial liability suffered by the employer if the employee suffers from any physical harm during the course of his/her employment. The policy helps the employer cover his financial liabilities as stated under the Workmen’s Compensation Act, 1923. The policy covers […]
The Workmen Compensation Insurance Policy is an essential backup plan for the employers to safeguard themselves from any liability arising due to physical injury, partial or total disability and occupational diseases suffered by their employee while on duty or because of the occupational activity. The small organisations which depend on their employees for their growth […]
A workmen compensation insurance policy enables the employer to cover any liability arising due to injury, disability or death of a worker or employee while at work under the Workers’ Compensation Act, 1923. It offers legal coverage against liability that may arise during business. In general, most insurers also cover the claims that come under […]
You may follow the steps given below to arrive at the best possible insurer for your worker’s compensation policy: A Competent Insurer: With the number of private sector players growing in the industry, you have to research for an insurer which has the width of presence, financial strength, and requisite infrastructure to support the claim […]
The principle of indemnity enables the worker (insured) to be restored to the same financial condition as s/he was, before the loss occurred due to the workplace accident. In workers’ compensation insurance, ‘to indemnify’ means to make payments to the injured or sick employee or to their family members (if in case the death has […]
The employer takes the worker’s compensation insurance to cover the risk of the employment injury of its employee who is considered as workmen as per the Workmen Compensation Act. The employers with more than 20 workers are compulsorily needed to get them registered under the Employees State Insurance Act. But, whereas the employers with less […]
While organizations try to make the workplace as safe as possible, accidents cannot be predicted and can happen anytime. According to the report published in a leading newspaper, the Ministry of Labour’s reported an average incidence of 1,400 fatal and 1 lakh non-fatal accidents in non-domestic places. It is the employers’ responsibility to ensure their […]
In today’s highly global work environment, employees’ rights have also become important. To safeguard organisations from the threat of costly lawsuits, insurers offer workmen’s compensation policy. It is an insurance policy which covers statutory liability of an employer for death, bodily injury or occupational diseases sustained to employees. It is also known as the ‘Employees […]
