Workers’ compensation insurance is mandatory insurance that businesses in India must purchase to cover the legal and medical expenses for employee accidents, injuries, occupational ailments, and death. What exactly is workers’ compensation cover? In India, workers’ compensation is mandatory insurance that businesses of all sizes must purchase to provide wage and medical benefits for employees. […]
Workmen Compensation
Does worker’s compensation cover employee negligence?
Many people do not realise that industrial injuries and accidents are quite frequent. These accidents and injuries can be highly damaging, often leading to permanent total or partial disability, if not death. Workers deserve compensation as they contribute to the employer’s business success. Moreover, the labour of workers contributes to the comfort and consumption of […]
Workmen’s Compensation policy – Claims (infographic)
Workmen’s Compensation policy – Claims Buying a worker’s compensation policy is one way you can take care of your employees. Since, the world is full of uncertainties where you don’t know what the future holds for you, it is advisable to take precautions today for a better future. Particularly if you own a business, then you should […]
Workmen Compensation policy – Right insurer (infographic)
Workmen Compensation policy – Right insurer 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. A workmen’s […]
Right price for Workmen Compensation policy – Infographic
Right price for Workmen Compensation policy A workmen’s compensation policy entails a wide scope of coverage for the insured organization. The the policy covers financial liabilities in case of physical injuries, permanent or temporary disablements, and even death of the organization’s employees due to unforeseen perils of employment. Moreover, a wide range of policy extensions […]
Features of Workmen Compensation policy – Infographic
A workmen’s compensation policy covers the financial liabilities on behalf of organizations in case of injury or death of workers during their employment course. As per the statutes of the Workmen’s Compensation Act, 1923, organizations are financially responsible for compensating the injured workers. Therefore to take care of this financial responsibility, a workmen’s compensation policy […]
Need for Workmen compensation insurance – Infographic
Why there is a need for Workmen Compensation insurance? A workmen’s compensation policy is a commercial insurance policy that covers the legal liability of an employer under the Workmen Compensation Act of India, which is monitored by the Ministry of Labour & Employment. Laborers have the highest probability of injuries or death on the worksite […]
How to choose the best insurance provider for purchasing WC policy for labourers?
How to choose the best insurance provider for WC Policy? Workmen or employees are the most valuable assets of any company. The responsibility to provide them with a safe working environment lies with the employer. In this regard, every employer lays down various safety measures. However, accidents at the workplace are unexpected. Accidents may lead […]
Does premium vary with different workmen compensation insurers?
Does premium vary with different workmen compensation insurers? Workplace injuries can be expensive. Accidents can happen, resulting in death or injury to employees at the workplace. Specifically, in businesses with perilous nature of work, getting protection against workplace risks is extremely important. Workmen compensation insurance is effective as it secures you against lawsuits arising due […]
Why do I need workmen compensation policy?
Why do I need workmen compensation policy? Workers and employees are always at risk of suffering employment-related hazards during the their employment term. Often labourers have the highest probability of injuries or death on the work site. An organization becomes financially responsible to compensate workers/ or their family members for losses suffered due to: any […]