The Workmen compensation insurance policy is a product designed to ensure the employer against their liability towards the workers in case of an injury at the workplace. Workmen Compensation Act: Workmen Compensation Act is to provide organizations and workers with a medium to decide the extent of compensation owed by the employer if a worker […]
Why Should You Make Workmen Compensation Policy An Imperative Part Of Your Business?
As a business owner, one of your priorities is to increase the volume of your earnings in a fair and ethical manner. You need to protect all your assets and proceedings. For this, you need to adhere to government norms and also ascertain the welfare of your employees. Providing your employees with a workmen compensation […]
General Questions on Workmen Compensation Insurance / Employee Compensation Insurance
Q1. What is Workmen’s Compensation Insurance? Mandatory Insurance protects your liability as an employer for employment injury (including death) of any of your employees who is a ‘workman’ as defined under the Workmen Compensation Act, 1923 Q2. What is covered under workmen’s compensation insurance? 1. Death 2. Permanent total disablement 3. Permanent partial disablement 4. […]
Can I sue my employer for not having worker’s compensation?
The Workmen Compensation Act, of 1923 provides for the payment of compensation to workmen and their dependents in case the workmen get injured or die in workplace accidents or contract an occupational illness during the course of employment. As per the provisions of the Act, the employer is liable to pay compensation to the workmen […]
Why is a Workman Compensation Insurance policy compulsory?
Employees in high-risk businesses may experience work-related health issues and accidents. The Workman Compensation Act, 1923, addresses concerns about lost income and healthcare costs in such cases. Also, renamed the act as Employees Compensation Act, 1923. As per the rules in the Workmen Compensation Act, workers who get injured at work or experience certain work-related […]
What is the difference between the WC policy and ESIC?
Workers in India have access to various health insurance and social security schemes to safeguard their interests during contingencies. Two of the security benefits offered to workers in India are the Workmen Compensation policy and Employee State Insurance. Despite several similarities in terms of benefits, there are differences in the application and functioning of both […]
Workmen’s Compensation: What you need to know as an Employer
Irrespective of the type or size of your business, employees or workers are the real reason for your success. Therefore, providing a safe and conducive working atmosphere to your employees is indispensable. However, one can’t deny the fact that accidents or injuries can happen in a safe workplace also. An employer has to provide compensation […]
What are the legal rights of the Company after the loss under Workers Compensation Insurance?
The workers’ compensation (WC) insurance policy safeguards organizations from the threat of expensive legal suits and financial liabilities. Employees’ compensation insurance policy is the other name for it. Let’s look at the rights of the company after the loss under Workers’ Compensation Insurance. Rights Of Employers Under WC Policy The companies/employers that purchase the insurance […]
Steps To Take When Your Employee Is Injured At Work
The world is full of uncertainties, and no one can predict their fate, but we keep on trying for a better tomorrow. Similarly, your organization is your little world where you try your best for your employee’s safety. But sometimes worst things can happen like a workplace injury or illness that not only affects your […]
Who are Considered Dependents in Case of Workmen Compensation Insurance?
The Workmen Compensation Act, 1923 recognizes both the employees of an organization, and their dependents as beneficiaries, worker compensation insurance entitle both to receive the monetary benefit. The dependent is entitled to the insurance benefit in case of a workplace accident or injury, resulting in the death of an employee. However, the survivor benefits are […]