Yes, you need a workmen compensation insurance policy, even if you have fewer employees. The fact is that any business working with either part-time or full-time is vulnerable to lots of expenses if its employees become sick. Even if your business is statutorily exempt from buying coverage, you should properly weigh all the catastrophic costs […]
A workmen compensation insurance policy is meant to offer legal liability cover to employers and protect employees by providing them compensation in case of any injury or accident. However, small business owners consider it like any other extra and unnecessary expense and thus, scout for various ways to avoid buying it. Some small business owners […]
How is Insurer’s Liability Decided under Worker Compensation Insurance in Case of Occupational Disease?
Insurer’s 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 Compensation Workers are Entitled to Under Workmen Compensation Act The Workmen’s Compensation Act 1923, aims to protect Indian workers when they suffer an injury due to an accident in the workplace. It helps in estimating the compensation amount payable to the workers in case of injury or death due to the task they […]
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.
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.
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?
How is a Claim Payable under Workmen 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 […]
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 the Average Clause in Workmen Compensation Insurance? An average clause in workmen 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 […]