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 […]
Ready to Sue Your Employer? Read this First! You might hardly find a person who has never worked in an unfavorable working condition. Various factors violate any company’s working atmosphere, like office politics, stress, long working hours, or a more serious one—harassment. The off-repeated advice in such situations is to look for another job. Only […]
Workers’ Compensation Insurance offers legal liability coverage to employers. It helps them satisfy the obligations imposed on them under workers’ compensation statutes. The policy is beneficial for employers as it helps them pay the compensation in case of injury or death of an employee while on the job. Employees also stand to benefit from it […]
Workmen compensation policy is the primary method by which you (as an employer) meet the responsibilities imposed by the worker’s compensation statutes. The policy covers your statutory liability for death or bodily injuries caused to your employees, which arises during employment.
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 […]
Workmen compensation insurance is a vital part of every business. The premium rates, however, depend on various factors. Read more to find out.
It is true that the premium for workmen’s compensation insurance policy changes every year. The premium is based on occupation, the wage of workers, and several other factors. Hence premiums are revised when there is an underlying change in these factors. Factors influencing change in WC policy Some factors that bring a change in the […]
By successfully embracing uncertain times in one’s business, one can learn how to beat the odds and grow substantially. Here’s how you can be successful at weathering unpredictable events related to your business.
It is the legal responsibility of employers to make the workplace safe for their employees. However, mishaps can occur even at a safe location and when every safest measure has been taken care of. For instance, a few months ago, an operator of a tower crane lost his life and three workers got injured when […]
Employee safety and their complete welfare protection are imperative to maintain for every business owner. Providing employees security, a safe working atmosphere, and extending all possible support facilitates business smooth run and strong growth. Protecting the employee’s health and welfare benefits both employer and employees. It’s the legal responsibility of every employer to protect employees’ […]