Does premium vary with different workmen compensation insurers?

Does premium vary with different workmen compensation insurers? Workplace injuries can be expensive. Despite all the safety measures by the employer, workplace accidents can still happen to result in death or injury to employees. Specifically, in a business where the nature of work is risky, protection against such risks is extremely important. Workmen compensation insurance […]

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Seven Exclusions of Workmen Compensation Policy

The Workmen Compensation Insurance Policy is an essential backup plan for the employers to safeguard themselves from any liability arising due to physical injury, partial or total disability and occupational diseases suffered by their employee while on duty or because of the occupational activity. The small organisations which depend on their employees for their growth […]

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How does Workmen Compensation benefit an Organisation?

A workmen compensation insurance policy enables the employer to cover any liability arising due to injury, disability or death of a worker or employee while at work under the Workers’ Compensation Act, 1923. It offers legal coverage against liability that may arise during business. In general, most insurers also cover the claims that come under […]

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Workmen's Compensation: What you need to know as an Employer

A worker was killed, and four others were injured when a mishap occurred 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 working atmosphere to your employees is indispensable. However, one […]

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Risks You Should Consider While Running a Construction Business

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 […]

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Does your Business Need Workmen Compensation Insurance Policy?

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 […]

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