Workers Compensation Insurance is a type of insurance policy . It 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 […]
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 […]
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 realize 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 Workman Compensation policy – Infographic
A workmen’s compensation policy financially protects organizations when workers are injured or die during their employment. As per the statutes of the Workmen’s Compensation Act, 1923, organizations are financially responsible for compensating injured workers. To handle this financial responsibility, we design a workmen’s compensation policy. Let’s explore the important features of workmen compensation that make […]
Workman compensation Policy | What are the features of the policy
A workman 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. A workmen’s compensation policy manages this financial responsibility. Let’s have a look into […]
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 […]
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 […]
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 […]