Accidents are inevitable. Proactive measures and occupational safety programs can help to reduce the likelihood of workplace accidents. However, it can be challenging to eliminate the potential risks at the workplace completely. Some of the occupations like construction, firefighters, loggers, miners, etc. are of high-risk nature. Hence, it is imperative to avail of occupational hazard […]
Insure Your Workforce And Reduce Attrition
As per the survey conducted by Deloitte India 2022 related to the Workforce and Increment Trends. India has faced an increase in the average workforce attrition rate from 15.8 percent in 2020 to 19.8 percent in 2021. It was fueled by various factors, such as lower salaries, reduced fringe benefits, increased workload, insufficient workforce insurance, […]
Promoting Safety Through Workers’ Compensation
Workplace safety is a crucial thing for both employees and employers. A safe work environment is important to avoid accidents, illnesses, and injuries at the workplace. Workers’ Compensation is a vital safety net that provides financial support to employees who are injured or become ill while on the job. Workplace safety can help employers to […]
Employers’ Liability Insurance Versus Workers Compensation Policy
Every business needs to plan risk management strategies for long-term growth. The right liability insurance and business insurance policies are crucial to an organisation’s risk management and other internal measures to reduce risk. Businesses need to first understand the types of policies available and how Employers’ Liability Insurance Versus Workers Compensation Policy are relevant to […]
Employee Compensation Insurance – Compensating employees who opt out of health insurance
Employees’ well-being is extremely important for the growth of any business. Ensuring the well-being of employees and protecting them is a great productivity booster and talent retention technique for businesses. Group health insurance, group term insurance, etc. are part of this employee retention program. Availing of the right employee compensation insurance policy also helps in […]
Experience Modification Rate (EMR) and Workers Compensation
Employees are the most valuable assets of any business. Employers are not just ethically responsible for protecting their worker well-being, but also legally responsible. It is a legal compulsion for businesses to avail of worker compensation insurance in India. In this, we decide the coverage and compensation as per the provisions of the Workmen Compensation […]
Understanding Workers’ Comp Coverage for Work-Related Stress
Stress is one of the most common problems among workers. It can cause many health problems and can even lead to death or disability. Workers’ comp insurance is designed to safeguard the well-being of employees. This includes both physical and mental well-being. Workers’ compensation coverage is beneficial for both employers and employees. It gives financial assistance […]
Why do employers fight workers’ compensation claims?
Workplace accidents are inevitable and can cause serious injuries. As per Workers’ compensation laws, the employer is liable to compensate the claims to employees if they suffer an injury, death, illness, or disability due to work-related accidents. The Workmen Compensation Act, of 1923 also defines the compensation based on the severity and nature of injuries. […]
How long can a person stay on workers’ compensation?
Workers’ well-being is the main key to businesses’ long-term success. Employer needs to ensure the well-being of their employees. And, the employer is also liable to compensate them in case they suffer any injury, death, illness, or property damage due to work-related accidents. Workers’ compensation insurance is designed to provide financial assistance to employers and […]
Can one get Workers’ Compensation and sue his employer?
Workers’ compensation is a program mandated by the government to compensate workers for the losses they suffer due to work-related accidents. The government has made it compulsory for employers to pay compensation benefits to their employees. If they suffer injury, disability, death, or illness while performing their duties at the workplace. For example, you are […]