An employer in a workmen compensation insurance policy is: A group of individuals. These may or may not be incorporated, Any managing agent of an employer. Managing Agent implies an individual appointed to represent another person for carrying out that other person’s trade or business. This does not include a subordinate to an employer or […]
What Are the Occupational Diseases Covered Under a Workman Compensation Policy?
Professional diseases are illnesses sustained by workers during their employment or because of the nature of work. Schedule III of the Workman Compensation Act provides the list of work-related diseases. Dividing into three parts, this schedule excludes diseases in Part A and B from policy coverage. Workman compensation insurance companies also provide additional coverage for […]
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 […]
What Is Compressed Air Disease Covered Under a Workmen Compensation Policy?
The workmen’s compensation policy covers one of the occupational illnesses-Compressed air diseases. The working environment where air pressure may be higher or lower than the normal surface air pressure causes this sickness. This disease is likely to affect workers employed at high altitudes or underwater. Decompression Sickness or DCS is the other name for it. […]
What is Workers’ Compensation and in which cases does it benefit the employee/worker?
Workers’ Compensation or Employee Compensation refers to the monetary compensation offered to workers or employees of an organization, firm, household or any establishment in lieu of any injuries they might sustain while involved in employment-related activities. An important factor to note about worker’s compensation is that it is only applicable in the case where the […]
Is Employee Compensation insurance limited to specific industries only?
Irrespective of the industry your business relates to, you need to buy a WC (also known as EC) policy. Read more to know well about this policy.
About the common workplace injuries and how to prevent them
Injuries at the workplace are common, and therefore it is crucial to obtain financial protection through workmen liability insurance.
Which mode is better for buying Workmen Compensation Insurance policy?
One can buy workmen’s compensation insurance either through a representative of the insurance company(ies) or through the online medium. Traditional Method – Offline mode Advanced Method – Online mode Traditional Mode of Application You can always approach an insurance company, agent, or insurance broker to enquire about the policy features. When opting for this method, […]
Are there any value-added services in workmen compensation?
Employee welfare is crucial for every business to ensure its smooth run and growth. Protecting the employee’s health and welfare benefits both employer and employees. It’s the legal responsibility of every employer to protect employees’ health and safety. The primary and effective way to comply with legal obligations is to avail workmen’s compensation policy. What […]
How to make a claim under a workmen compensation policy?
Workmen’s Compensation policy is the primary solution for employers to safeguard themselves against statutory liabilities to their employees. With a good workmen compensation policy, employers can exhibit their potential to meet the statutory obligations imposed by the workmen’s Compensation Act, 1923. Therefore, must know to make a claim under a workmen compensation policy. Coverage Offered […]