What is covered under Workmen Compensation Insurance Policy?

Workmen compensation insurance is a product designed to insure the employer against their liability towards the workers in case of injury at the workplace. Workmen Compensation Act: Workmen Compensation Act was brought in to provide organizations and workers a medium to decide the extent of compensation owed by the employer if a worker sustains an […]

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Is a Workmen Compensation Insurance policy compulsory?

Workers employed by businesses that are exposed to high risks can face occupation-related health issues and accidents at work. Concerns with regard to loss of income and healthcare cost are addressed by the Workmen Compensation Act, 1923. The act has also been renamed as Employees Compensation Act, 1923. As per the rules and regulations laid […]

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Who can be an Employer for Workmen Compensation Insurance?

For the purpose of workmen compensation insurance policy, an employer shall be defined as follows: A group of individuals who may or may not be incorporated, Any managing agent of an employer. Here Managing Agent means any individual who has been appointed to represent another person for the sole purpose of carrying out that other […]

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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 by covering the legal liability coverage, which may arise when one of its workers meets with an accident […]

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