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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 is workers’ compensation cover? In India, workers’ compensation is mandatory insurance that businesses of all sizes must purchase to provide wage and medical benefits for employees. […]

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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 […]

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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?

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 course, and as specified by the worker […]

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Why is workman’s compensation policy is a must for Organisations?

While organizations try to make the workplace as safe as possible, accidents can happen anytime. According to the report published in a leading newspaper, the Ministry of Labour reported an average incidence of 1,400 fatal and 1 lakh non-fatal accidents in non-domestic places. It is the employers’ responsibility to ensure their workers are working in […]

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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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