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 Compensation Insurance Policy (WC Policy). It covers the statutory liability of an employer for the death, injury or occupational disease of an employee at the workplace. As […]
Know all about the Workman Compensation Insurance Policy and its Benefits
In today’s highly competitive work environment, employees’ rights have also moved forward. Providing a safe and secure work atmosphere is one of the main responsibilities of an employer. However, one can’t deny the fact that injuries at the workplace are a common part of businesses. To keep your business safe from expensive legal problems and […]
How to Determine Post Hospitalization Medical Expenses in a Worker Compensation Insurance?
A worker’s compensation policy applies to accident-related bodily injury or illness due to work. To avail of the benefit of this type of policy, it is important that the worker should have suffered bodily injury or an accident during the policy period. A workmen’s compensation policy covers both the pre-hospitalization charges and the post-hospitalization charges […]
What Are the Different Type of Medical Expenses Covered Under A Workmen Compensation Policy?
Under a workmen compensation insurance policy, a buyer can purchase medical expenses cover as an add-on. Different insurers define the limit of medical benefits differently. Some of these options are: A fixed sum (per case) daily, for the duration of hospitalization. The actual amount spent up to the total sum insured as defined at the […]
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 by the insured is different from what was provided at […]
What Are the Occupational Diseases Covered Under a Workman Compensation Policy?
Professional diseases are illnesses sustained by workers during their employment or because of the nature of work. Schedule III of the Workman Compensation Act provides the list of work-related diseases. Dividing into three parts, this schedule excludes diseases in Part A and B from policy coverage. Workman compensation insurance companies also provide additional coverage for […]
What Is Compressed Air Disease Covered Under a Workmen Compensation Policy?
The workmen’s compensation policy covers one of the occupational illnesses-Compressed air diseases. 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 altitudes or underwater. Decompression Sickness or DCS is the other name for it. […]
About the common workplace injuries and how to prevent them
Injuries at the workplace are common, and therefore it is crucial to obtain financial protection through workmen liability insurance.
Are there any value-added services in workmen compensation?
Employee welfare is crucial for every business to ensure its smooth run and growth. Protecting the employee’s health and welfare benefits both employer and employees. It’s the legal responsibility of every employer to protect employees’ health and safety. The primary and effective way to comply with legal obligations is to avail workmen’s compensation policy. What […]
What is workmen compensation?
For any organization, employees are the most valuable tangible assets. The human asset needs the most in the evolution of business in this competitive and dynamic business world. It’s important to safeguard the company’s human assets from workplace hazards. There are some job profiles that would involve a higher risk of injury and even death. […]