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Why is workman’s compensation policy is a must for Organisations?

While organizations try to make the workplace as safe as possible, accidents can happen anytime. According to the report published in a leading newspaper, the Ministry of Labour 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 workers are working in […]

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What is the Workmen Compensation Insurance Policy?

What is the Workmen Compensation Insurance Policy? Today’s global work environment has turned the spotlight on employees’ rights. To safeguard organizations from the threat of costly lawsuits and other financial liabilities insurers offer the Workmen’s Compensation(WC) Policy. It covers the statutory liability of an employer for the death, injury or occupational disease of an employee […]

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What is the difference between the WC policy and ESIC?

What is the difference between the WC policy and ESIC? Workers in India have access to various health insurance and social security schemes to safeguard their interests during contingencies. Two of the security benefits offered to workers in India are Workmen Compensation policy and Employee State Insurance. Despite several similarities in terms of benefits, there are […]

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Workmen’s Compensation: What you need to know as an Employer

Workmen’s Compensation: What you need to know as an Employer  A worker was killed, and four others were injured during a mishap at a private stainless-steel plant in Jaipur. Irrespective of the type or size of your business, employees or workers are the real reason for your success. Therefore, providing a safe and a conducive […]

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What are the legal rights of the Company after the loss under Workers Compensation Insurance?

What are the rights of the Company after the loss under Workers Compensation Insurance? The workers’ compensation (WC) insurance policy safeguards organisations from the threat of expensive legal suits and financial liabilities. Employees’ compensation insurance policy is the other name for it. Rights Of Employers Under WC Policy The companies/employers that purchase the insurance policy […]

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What Does “All Employees Covered” Assumption Mean in WC Policy?

What Does “All Employees Covered” Assumption Mean in WC Policy?  Most organizations purchase workmen compensation insurance as an annual contract. However, the number of workers in any organisation could keep changing throughout the year. Thus, any or both of the following two situations may occur at the time of a claim: Number of workers employed […]

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