Why do I need workmen compensation policy?

Why do I need workmen compensation policy? Workers and employees suffer from employment-related hazards during the course of their employment. In the case of labourers, the probability of injuries or death on the work site may be high. If the workers or employees suffer any physical injury, disability or death due to their employment, the […]

Read More

What are the statutory requirement for Worker Compensation Insurance?

The employer takes the worker’s compensation insurance to cover the risk of the employment injury of its employee who is considered as workmen as per the Workmen Compensation Act. The employers with more than 20 workers are compulsorily needed to get them registered under the Employees State Insurance Act. But, whereas the employers with less […]

Read More

What is the difference between the WC policy and ESIC?

In India, there are various health insurance and social security schemes offered to the workers on the job to benefit during the contingencies. Workmen compensation policy and Employee State Insurance are two of the security benefits offered to workers in India. Though both the schemes and policies offer many similar benefits, there is a lot […]

Read More

Who are Considered Dependents in Case of Workers’ Compensation Insurance?

As per the legal definition of The Employees’ Compensation Act, 1923, the workers/employees of an organisation, and their dependents, both recognised under the worker compensation insurance, are entitled to the monetary benefit. Only if the workplace accident or injury, results in the death of an employee, the dependent is entitled to the insurance benefit. The […]

Read More

What Is Workers’ Compensation?

Workers’ Compensation or Employee Compensation refers to the monetary compensation offered to workers or employees of an organization, firm, household or any establishment in lieu of any injuries they might sustain while involved in employment related activities. An important factor to note about worker’s compensation is that it is only applicable in the case where […]

Read More