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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 […]

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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 of an employer when its employee suffers from any physical injury 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. Hence, it is an […]

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When to File Claim Application under Workmen Compensation Insurance?

A claim application for workmen compensation benefits should be filed by the workman immediately after an accident occurs. When a workman suffers injury in employment and while on duty then he should file for a compensation claim. Also, when a worker is diagnosed with a disease arising due to the nature of his work then […]

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What is claim of indemnity in a Workmens’ Compensation Policy?

What is claim of indemnity in a Workmen Compensation Policy? General insurance policies work on the principle of indemnity. The insurance company has to compensate the loss suffered by the policyholder as per the principle of indemnity. The bottom line of the principle of indemnity is to put the policyholder in the same financial position […]

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How to Calculate a Settlement in a Workmen Compensation Injury?

How to Calculate a Settlement in a Workmen Compensation Injury? Workers’ compensation is estimated in the following manner based on the incidence which has led to the compensation: Before the calculation following should be noted: Maximum Monthly Wage Allowed for the calculation of compensation under the Act is Rs. 8000 Workers from the age of […]

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How to File A Workmen Compensation Claim?

Workmen compensation policy is the primary method by which you (as an employer) meet the responsibilities imposed by the worker’s compensation statutes. The policy covers your statutory liability for death or bodily injuries caused to your employees, which arises during employment.

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