What is the Workmen Compensation Insurance Policy? Today’s global work environment has turned the spotlight on employees’ rights. To safeguard organizations from the threat of costly lawsuits and other financial liabilities insurers offer the Workmen’s Compensation(WC) Policy. It covers the statutory liability of an employer for the death, injury or occupational disease of an employee […]
Workmen Compensation Insurance is an employer’s liability insurance, which covers the employers’ liability to pay compensation to an employee or worker, injured on duty. This infographic explains the application of the insurance and when a compensation will become payable. It also provides the events when the policy is not applicable.