There’s a lot to know about a workmen’s compensation policy. This type of insurance policy offers legal liability coverage to employers. It also protects employees from incurring financial burdens by providing them compensation in case of any injury or accident at the workplace. However, several small business owners consider it like any other extra and […]
How is Insurer’s Liability Decided under Worker Compensation Insurance in Case of Occupational Disease?
Insurers’ liability under worker compensation insurance is defined as per Common Law or the Workmen Compensation Act 1923 in case of occupational disease. According to the Act, an occupational disease is a disease that a worker may contract while in service of the employer. One has to prove that the disease contracted is related to […]
Amount of Worker’s comp are Entitled to Under Workmen Compensation Act
The Workmen’s Compensation Act of 1923 works to safeguard Indian workers who experience injuries from accidents at the workplace. It helps in estimating worker’s comp amount under Workmen Compensation Act. The employer offers this compensation to the worker if injury or death resulting from the tasks they perform. Workmen’s compensation also protects employers by establishing […]
5 measures your construction company should take for ensuring safety of workers
Maintaining safety measures is important for a construction company to ensure that the workers stay safe and secure. Here is what you need to know.
Different Ways In Which Workmen Compensation Can Benefit your Business
Worker’s compensation policy benefits both the employer and the employee as it provides coverage against injuries and diseases due to work or job-related activities. Know more here.
Workmen Compensation Act vs. Employee Compensation Act – Key Differences
The major differences between the Workmen Compensation Act (1923) and the Employee Compensation Act are as follows: Workmen Compensation Act, 1923 Employee Compensation Act The insured party is called workman or workmen in the act The insured party is called employee or employees in the act Clerks were not considered to as workmen and thus, […]
How is a Claim Payable under Worker Compensation Insurance if They Are also Covered under Health insurance?
Worker compensation insurance gives legal liability coverage to the employer. It helps the employer to cover the financial and legal costs when one of its employees suffers injury during working hours. Similarly, a group health insurance policy takes care of the medical expenses of the employee. Both covers serve different purposes. An employee can get […]
Make Workplace Safety a Key Part of Your Business. Here’s Why
Make your office premises a safe place for your employees. Here is why as an employer you should invest in maintaining workplace safety.
What is Average Clause in Workers Compensation Insurance?
An average clause in workmen’s compensation insurance comes into play when the absolute number of employees changes during the term of the policy. The change in the number of employees can be due to the joining of new employees or the exit of old employees once the policy comes into force. Workman compensation is an […]
How Expensive is Workers’ Compensation Insurance?
The valuations of the Insurance Information Bureau of India (IIB) determine workers’ compensation insurance or Workmen compensation insurance tariffs. In general, the premium amount depends on: The average salary you would want the insurer to consider for benefits estimation, Covered occupations for employees, and The Trade or business of the proposer Two types of employer […]