Workmen Compensation
How to get the best WC insurance from among the options available in the market? Workmen or employees are the most valuable assets of any company. It is the employers’ responsibility to provide them with a safe working environment. In this regard, every employer lays down various safety measures. However, accidents at the workplace are […]
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 […]
Introduction The Factories Act, 1948 and the Workmen’s Compensation Act also known as Employees’ Compensation act of 1923, are based on the idea of improving work conditions, to regulate the health and safety of young persons, women and children who work in the factories. Under these Acts, there has been an exhaustive coverage of situations […]
1. Provide/maintain (a)safe working environment to the workers, in terms of plant and systems of work, use, handling, storage and transport of articles and substances (b) information, instruction, training and supervision as are necessary to ensure the health and safety of all workers at work. (c) accurate and up-to-date health records or, as the case […]
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 […]
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 […]
As the workers’ compensation insurance policy safeguards organisations from the threat of expensive legal suits and large compensation as stated under the Workmen’s Compensation Act of India, the company who purchases the insurance policy enjoys the following legal rights. Note, it is also known as the workmen’s and employees’ compensation insurance policy. An employer has […]
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 […]
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 […]
Irrespective of the industry your business relates to, you need to buy a WC (also known as EC) policy. Read more to know well about this policy.
