Safety is an utmost important element to creating a healthy workplace environment. As safety-related incidents can affect the employees’ morale and their family, productivity, and the organisation’s reputation, various safety measures are taken to prevent such risks. However, ensuring workplace safety requires both employee and employer cooperation. Despite all the safety measures and rules for […]
Video- How to file a claim under Workmen Compensation insurance?
How to file a claim under Workmen Compensation insurance? Welcome to this video blog where we will be explaining how to file a claim under Workmen Compensation insurance (under Employees Compensation Act 1923 ) . The video also walks you through the various documents that are required at the time of fling a claim. Workers compensation […]
Workmen Compensation Insurance For International Workers
One of the major responsibilities of any company is to provide a safe and healthy environment for its employees. If an employee suffers a bodily injury or death during their employment, the company is legally liable to pay compensation under the Employee Compensation Act 1923. That’s where the Workmen Compensation Insurance policy comes into the […]
Psychological Injuries, Workers’ Compensation Insurance, and Mental Health Policy Issues
Workers’ Compensation Insurance is a type of insurance policy that covers financial assistance to the employee’s illness, injuries or death sustained during the performance of their jobs. It enhances the job security of employees and the businesses don’t have to run out of pocket to compensate for medical wages. When many people think of workers’ […]
Workmen’s Compensation policy – Claims Process (infographic)
Buying a worker’s compensation policy or Employees Compensation Insurance 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 […]
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 important to know how to file a claim under Workmen […]
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 […]
What is claim of indemnity in a Workmens’ 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 that he was in prior to the loss. A workmen’s […]
A Step-By-Step Guide to Filing A Workers’ Compensation or Employee Compensation Claim
The world is full of uncertainties and you don’t know what the future holds for you. That’s why it is advisable to take precautions today for a better future. Particularly if you own a business, then you should prepare yourself to deal with the associated risks. With the hard work of your employees/workers, your business […]
How to Calculate a Settlement in a Workmen Compensation Injury?
Workmen Compensation Injury and Settlement Calculation Calculating a Settlement in a Workmen Compensation Injury is based on the incidence which has led to the compensation. For calculation of Settlement for a Workmen Compensation Injury, the following guidelines should be noted: The maximum Monthly Wage Allowed for the calculation of compensation under the Act is Rs. 8000 […]