What Is Compressed Air Disease Covered Under a Workmen Compensation Policy?

Compressed air disease is one of the occupational illnesses covered under workmen compensation policy. It is a sickness attributed to the working environments where air pressure may be higher or lower than the normal surface air pressure. Workers employed at high altitude, under water, or working with pressure generating equipment can be exposed to compressed […]

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What is Average Clause in Workers Compensation Insurance?

Average clause addresses the situation where new employees may join, or old employees leave the organisation after the policy has come into force. To address the gap in the number of employees (or average income) covered and the actual existing insurer can prorate the sum assured to cover all available employees under this clause. The […]

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Does Premium of Workmen Compensation Policy Changes Every Year? How?

Yes, the premium for workmen compensation insurance policy changes every year. As the premium is decided on the basis of occupation and wage of the worker, the premium also changes accordingly. Here are some of the factors due to which premium of workmen compensation insurance policy changes: Change in payroll – As stated above, the […]

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