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 Compensation Policy takes care of this financial liability faced […]
How is Insurer’s Liability Decided under Worker Compensation Insurance in Case of Occupational Disease?
Insurers’ 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 […]
Different Ways In Which Workmen Compensation Can Benefit your Business
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 Average Clause in Workers Compensation Insurance?
An average clause in workmen’s 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 the policy comes into force. Workman compensation is an […]
How the Employer’s Liability is Decided Under a Workman’s Compensation Policy?
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 […]
10 Questions of Workmen Compensation Insurance Answered
Workmen’s Compensation Insurance is an employer’s liability insurance, which covers the employer’s liability to pay compensation to an employee or worker, injured on duty. What is Workmen’s Compensation? It is a system of insurance that provides financial assistance to employees who are injured or become ill as a result of their work. Who is eligible […]