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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 […]

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What are the features of workmen compensation 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 the injured workers. To take care of this financial responsibility, a workmen’s compensation policy is […]

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What is indemnity in Workers Compensation Insurance?

What is indemnity in Workers Compensation Insurance? The indemnity clause entitles workers to get compensation for lost wages that they are otherwise capable of earning while recovering from a work-related accidental injury/illness. In workers’ compensation insurance, ‘to indemnify’ means to make payments to the injured or sick employee or to their family members during their employment […]

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What is the Workmen Compensation Insurance Policy?

What is the Workmen Compensation Insurance Policy? Today’s global work environment has turned the spotlight on employees’ rights. To safeguard organizations from the threat of costly lawsuits and other financial liabilities insurers offer the Workmen’s Compensation(WC) Policy. It covers the statutory liability of an employer for the death, injury or occupational disease of an employee […]

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What Does “All Employees Covered” Assumption Mean in WC Policy?

What Does “All Employees Covered” Assumption Mean in WC Policy?  Most organizations purchase workmen compensation insurance as an annual contract. However, the number of workers in any organisation could keep changing throughout the year. Thus, any or both of the following two situations may occur at the time of a claim: Number of workers employed […]

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What Is Compressed Air Disease Covered Under a Workmen Compensation Policy?

 Know Compressed Air Disease Covered Under a Workmen Compensation Policy? The workmen compensation policy covers one of the occupational illnesses-Compressed air disease.The working environment where air pressure may be higher or lower than the normal surface air pressure causes this sickness. This disease is likely to affect workers employed at high altitude or under water. Decompression Sickness or […]

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