Components of employment injury benefits under WC Policy Having an accident in the workplace can be devastating, both emotionally and financially. In India, the employer is liable to compensate the employee for financial losses arising due to such incidents as per the Workmen Compensation Act, 1923. These policies are designed to assist those who have […]
2020 change of rules to the Workmen’s compensation policy
The Workers’ Compensation Act ensures compensation and support for workers injured on the job. It applies to various industries including factories, mines, etc. It provides financial aid and medical care. The Employee compensation policy provides protection to employees against work-related injuries and illnesses. It aims to relieve workers of the financial burden by holding employers […]
Workers Compensation Insurance Benefits in Case Injury was Due to Own’s Fault
Workers’ Compensation Insurance is a critical component of safeguarding employees’ well-being and financial security in organizations. It offers coverage and benefits to employees who are injured or unwell at work. However, an employee’s damage may occur as a result of their own carelessness or negligence. In such instances, it is critical to comprehend the consequences […]
Video- What are the important features of Workmen Compensation insurance?
Important features of Workmen Compensation insurance Welcome to our blog on workers compensation insurance ! In this post, we’ll be exploring the features of workmen compensation insurance policy and how it can protect both employers and employees in case of workplace injuries. We’ll also be sharing a short video that includes a real-life case study to […]
Workers Compensation Coverage for Remote Workers: A Complete Guide
Ever since the pandemic impacted the way we work, the remote work environment has become the new normal. More than 82% of employees prefer working from home as per a reliable survey. As almost everyone has worked from home at some point by now, it often makes business owners undermine the importance of a worker’s […]
Does workers’ compensation cover prescriptions?
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 does the workers’ compensation policy do? In India, workers’ compensation is mandatory insurance that businesses of all sizes must purchase to provide wage and medical benefits […]
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 […]
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 injured workers. Therefore to take care of this financial responsibility, a workmen’s compensation policy is […]
Workmen compensation Policy | What are the features of the policy
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 injured workers. To take care of this financial responsibility, a workmen’s compensation policy is designed. […]
Seven Exclusions of Workmen Compensation Policy
The Workmen Compensation Insurance Policy is an essential backup plan for employers. It protects them from incurring any financial liability when workers have an accident. The policy covers financial expenses arising due to physical injury, partial or total disability and occupational diseases of workers while on duty or because of their employment. It is imperative […]