Duties of employers in contingencies under Worker Compensation requires them fulfil the below obligations: Provide first aid and medical care – It is the prime responsibility of an employer to provide immediate first aid and medical treatment, wherever required. Report the injury- After the injury, an employer should enter a description of the injuries in […]
A Step-By-Step Guide to Filing A Workers’ Compensation or Employee Compensation Claim
The world is full of uncertainties and you don’t know what the future holds for you. That’s why it is advisable to take precautions today for a better future. Particularly if you own a business, then you should prepare yourself to deal with the associated risks. With the hard work of your employees/workers, your business […]
Know These 5 Things Before You Buy Workmen Compensation Insurance
It is crucial for employers to understand workmen’s compensation insurance well before buying a policy. Here are five things you, as an employer, should know.
Estimating the Premium for Worker’s Compensation Insurance
Your choice of coverage determines the cost of insurance, referred to as the premium. The insurance regulator in India, called IRDA, makes this decision. Key Takeaways The Choice of Table: Table A is the industry standard for Indian businesses as it indemnifies against the Workmen’s Compensation Act 1923, whereas Table B offers a more limited […]
What Is Not Covered in Worker Compensation Policy?
A worker compensation policy cannot be purchased by an employer who is not recognized under the Workmen Compensation Act 1923. In other words, an employer or an employee who does not qualify under the official status of the Act is not under the insurance jurisdiction. In this article, we will find out what is not […]
5 Common Risks That Construction Businesses Face
workers compensation coverage
How to Calculate a Settlement in a Workman Compensation Injury?
“How to Calculate Settlement for Workman Compensation Injury” explains how compensation amounts are legally determined under India’s Workmen’s Compensation Act, 1923. The Act dictates specific calculation formulas based on injury severity—be it death, permanent disability, or temporary disability—with mandates on age-based factors, wage caps, and minimum amounts payable. Additionally, the calculation includes future expenses and […]
What is the Workmen’s Compensation Act?
The Workmen’s Compensation Act offers compensation to workers and their dependents in case of injury or accident that may arise out of and in the course of employment resulting in disability or death. It helps an employer to cover the legal liabilities, which may arise when one of its workers meets with an accident at […]
What Is the Purpose of Workmen’s Compensation?
The primary purpose of Workmen’s Compensation Act, 1923, is to provide financial relief to employees’ families. In case of their death or injury at the workplace. The act also provides cover for employees that get an professional disease while in employment. Enforcing the Workmen Compensation Act 1923 ensures that employers compensate employees for work-related injuries, […]
Will workers receive workmen compensation benefits if the injury was their own fault?
An employer buys a workmen compensation policy to compensate the employees/workmen and their dependant families for the loss of income caused due to workplace injury or death. The Workmen Compensation Act, 1923 offers employees compensation to cover their wage loss arising due to unforeseen perils of employment. The employer is legally liable to compensate the […]