How to choose the best insurance provider for WC Policy? Workmen or employees are the most valuable assets of any company. The responsibility to provide them with a safe working environment lies with the employer. In this regard, every employer lays down various safety measures. However, accidents at the workplace are unexpected. Accidents may lead […]
Does premium vary with different workmen compensation insurers? Workplace injuries can be expensive. Accidents can happen, resulting in death or injury to employees at the workplace. Specifically, in businesses with perilous nature of work, getting protection against workplace risks is extremely important. Workmen compensation insurance is effective as it secures you against lawsuits arising due […]
Seven Exclusions of Workmen Compensation Policy The Workmen Compensation Insurance Policy is an essential backup plan for employers. Itprotectsthem from incurring any financial liability when workers have an accident. The policy covers financial expenses arising due to physical injury, partial or total disability and occupational diseases of workers while on duty or because of their […]
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 […]
Why Should You Make Workmen Compensation Policy An Imperative Part Of Your Business? As a business owner, one of your priorities is to increase the volume of your earnings in a fair and ethical manner. You need to protect all your assets and proceedings. For this, you need to adhere to government norms and also […]
Workmen’s Compensation: What you need to know as an Employer A worker was killed, and four others were injured during a mishap at a private stainless-steel plant in Jaipur. Irrespective of the type or size of your business, employees or workers are the real reason for your success. Therefore, providing a safe and a conducive […]
Medical expenses cover can be included as an add-on in a workmen compensation insurance policy. Different insurers define the limit of medical benefits differently. Some of these options are: A fixed sum (per case) daily, for the duration of hospitalization The actual amount spent up to the total sum insured as defined at the time […]
The construction business is one of the most complex ones in the industrial sector due to the involvement of machines and equipments on a large-scale. Their use increases the risks of accidents at the site. A construction project includes complex and time-consuming procedure with deadlines that can be tough to meet due to many prospective […]
Yes, you need a workers’ compensation insurance policy, even if you have fewer employees. The fact is that any business working 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 of […]
There’s a lot to know about a workmen compensation policy. This type of insurance policy offers legal liability cover to employers. It also protects employees from incurring financial burdens by providing them compensation in case of any injury or accident at the workplace. However, several small business owners consider it like any other extra and […]
