Businesses need to safeguard themselves against hazards associated with employment in the dynamic modern workplace. Employment practices liability insurance claims deriving from discrimination, harassment, and wrongful termination, among other issues. What is Employment Practices Insurance? For companies navigating complex labour laws and shifting societal norms, EPLI offers a vital safety net that protects against costly […]
What is Occupational Hazard Insurance and its Coverages?
Workers’ compensation insurance, often known as occupational hazard insurance, is an essential line of defence for companies and employees. It provides financial security against work-related illnesses or accidents, ensuring missed income and medical care. Protecting workers from risks related to their occupations is essential for maintaining a safe workplace and preventing financial disaster. Occupational Hazard […]
Workers Compensation Insurance Benefits in Case Injury was Due to Own’s Fault
Workers’ Compensation Insurance is a critical component of safeguarding employees’ well-being and financial security in organizations. It offers coverage and benefits to employees who are injured or unwell at work. However, an employee’s damage may occur as a result of their own carelessness or negligence. In such instances, it is critical to comprehend the consequences […]
ESI or WC Which is best applicable to my Organisation?
ESI or WC – Applicability When it comes to ensuring the well-being and protection of employees, two important policies come into play: Employees’ State Insurance (ESI) and Workmen’s Compensation Insurance (WC). In the event of work-related injuries or illnesses, these policies provide financial support and medical benefits to employees and their families. Understanding the applicability and […]
Video- Why do you need a Workmen compensation insurance?
Workers Compensation Insurance This video blog discusses the significance of workmen compensation policy or workers compensation insurance coverage through a real-life case study. Workmen’s compensation is a vital insurance policy that provides financial assistance to employees in case of any work-related injury, illness of death a the workplace. It highlights the importance of understanding the benefits […]
Need for Workmen compensation insurance – Infographic
A workmen’s compensation policy is a commercial insurance policy that covers the legal liability of an employer under the Workmen Compensation Act of India, which is monitored by the Ministry of Labour & Employment. Labourers have the highest probability of injuries or death on the worksite for which this policy provides compensation. Workmen or employees […]
How to choose the best insurance provider for purchasing WC policy for labourers?
How to choose the best insurance provider for WC Policy? Workmen or employees are the most valuable assets of any company. The responsibility to provide them with a safe working environment lies with the employer. In this regard, every employer lays down various safety measures. However, accidents at the workplace are unexpected. Accidents may lead […]
Why do I need workmen compensation policy?
Workers and employees are always at risk of suffering employment-related hazards during their employment term. Often labourers have the highest probability of injuries or death on the work site. An organization becomes financially responsible to compensate workers/ or their family members for losses suffered due to: any physical injury disability or death due to their […]
Implication of Workmen’s compensation Act, 1923 and Factories Act, 1948,on a Business Owner.
Introduction to Workmen Compensation Act and Factories Act The Factories Act, of 1948, and the Workmen’s Compensation Act are based on the idea of improving working conditions. These Acts intend to regulate the health and safety of young persons, women, and children employed in the factories. They offer exhaustive coverage of situations where health and […]
10 Things business owners must do to comply with workmen’s compensation act, 1923 & factories act, 1948
The Workmen’s Compensation Act 1923 and Factories Act, 1948 protect the interest of the workers and also provides financial liability protection to employers. The Acts intends to improve working conditions and regulate the health and safety of young persons, women, and children employed in the factories. Workmen’s Compensation policy also pays for legal costs and […]