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 […]
Articles Tagged: workmen compensation policy
Does premium vary with different workmen compensation insurers?
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 […]
How do I buy a workmen compensation policy?
A workmen’s compensation policy is important coverage for organizations. It protects employers from financial liabilities suffered under the Workmen’s Compensation Act, 1923, Fatal Accidents Act, 1855, and also under Common Law. Every organization is financially liable to compensate its employees if they suffer any physical injury due to the nature of their employment. A workmen’s […]
10 Things business owners must do to comply with workmen’s compensation act, 1923 & factories act, 1948
The Workmen’s Compensation Act 1923 and Factories Act, 1948 protects the interest of the workers and also provides financial liability protection to employers. The Acts intends to improve working conditions and regulate the health and safety of young persons, women, and children employed in the factories. Workmen’s Compensation policy also pays for legal costs and […]
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 employment. It is imperative for small […]
What is the Workmen Compensation Insurance Policy?
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?
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
Irrespective of the type or size of your business, employees or workers are the real reason for your success. Therefore, providing a safe and conducive working atmosphere to your employees is indispensable. However, one can’t deny the fact that accidents or injuries can happen at a safe workplace also. Let’s see Workmen’s Compensation as an […]
What Are the Different Types of Medical Expenses Covered Under A Workmen Compensation Policy?
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 […]
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 […]