Why do I need workmen compensation policy?

Why do I need workmen compensation policy? Workers and employees suffer from employment-related hazards during the course of their employment. In the case of labourers, the probability of injuries or death on the work site may be high. If the workers or employees suffer any physical injury, disability or death due to their employment, the […]

Read More

What are the features of workmen compensation Policy?

What are the features of workmen compensation Policy? A workmen’s compensation policy covers the financial liabilities that organizations might face if their workers or employees get injured or die during the natural course of their employment. In such cases, as per the statutes of the Workmen’s Compensation Act, 1923, organizations need to shoulder the financial […]

Read More

What is the right price for workmen compensation policy?

What is the right price for workmen compensation policy? A workmen’s compensation policy provides comprehensive scope of coverage to the organization. The policy covers physical injuries, permanent or temporary disablements and even death of the organization’s employees due to unforeseen perils of employment.  Moreover, there is a range of policy extensions available that help in […]

Read More

Who is the right insurer for a workmen compensation policy?

Who is the right insurer for a workmen compensation policy? An organization that employs individuals is expected to adhere to the Workmen’s Compensation Act, 1923, Factories Act, 1948 and the rules laid down in common law. These Acts and law regulations require companies to compensate their employees and workers if they suffer physical injuries or […]

Read More

How do I buy a workmen compensation policy?

A workmen’s compensation policy is an important coverage for organizations as it protects them from financial liabilities suffered under the Workmen’s Compensation Act, 1923, Fatal Accidents Act, 1855 and also under Common Law. Every organization is financially liable to compensate its employees if the employees suffer any physical injury due to the nature of their […]

Read More

How to file a claim under Workmen Compensation Insurance?

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 […]

Read More

Seven Exclusions of Workmen Compensation Policy

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 […]

Read More

How does Workmen Compensation benefit an Organisation?

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 […]

Read More