Workers’ compensation insurance not only covers medical expenditure arising out of workplace accidents but defense costs as well. Here are a few things about worker’s compensation benefits that you might not know.
The Workmen’s Compensation Act, 1923 makes it mandatory for an employer to compensate the worker and/or the worker’s family in case the worker dies, becomes injured, or suffers a disability during the course of his/her employment. If the worker suffers from any physical disability due to the nature of his employment. Then the employer becomes […]
What are the major exclusions under Workmen Compensation Policy? A Workmen’s Compensation Policy provides financial protection to the employer in case the employee suffers an injury, death, or disability during the course of employment. The employer is liable to compensate the employee when he/she suffers an injury during the course of the employment. A Workmen’s […]
How is Insurer’s Liability Decided under Worker Compensation Insurance in Case of Occupational Disease?
Insurer’s liability under worker compensation insurance is defined as per Common Law or the Workmen Compensation Act 1923 in case of occupational disease. According to the Act, an occupational disease is a disease that a worker may contract while in service of the employer. One has to prove that the disease contracted is related to […]
Worker’s compensation policy benefits both the employer and the employee as it provides coverage against injuries and diseases due to work or job-related activities. Know more here.
What is the Average Clause in Workmen Compensation Insurance? An average clause in workmen compensation insurance comes into play when the absolute number of employees changes during the term of the policy. The change in the number of employees can be due to the joining of new employees or the exit of old employees once […]
In 2016, a worker lost his life, while several others got injured when a fire broke out in a plastic factory in Delhi’s Narela. Even in a safe and conducive work atmosphere, accidents can happen. In such a case, the employer’s liability arises to pay the compensation to the injured. The compensation amount, in some […]
Workmen Compensation Insurance is an employer’s liability insurance, which covers the employers’ liability to pay compensation to an employee or worker, injured on duty. This infographic explains the application of the insurance and when a compensation will become payable. It also provides the events when the policy is not applicable.