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 […]

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How does Workmen Compensation benefit an Organisation?

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

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Why is workman’s compensation policy is a must for Organisations?

While organizations try to make the workplace as safe as possible, accidents can happen anytime. According to the report published in a leading newspaper, the Ministry of Labour reported an average incidence of 1,400 fatal and 1 lakh non-fatal accidents in non-domestic places. It is the employers’ responsibility to ensure their workers are working in […]

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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 […]

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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 […]

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Steps To Take When Your Employee Is Injured At Work

The world is full of uncertainties, and no one can predict their fate, but we keep on trying for a better tomorrow. Similarly, your organization is your little world where you try best for your employee’s safety. But sometimes worst things can happen like a workplace injury or illness that does not only affects your […]

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Who can be an Employer for Workmen Compensation Insurance?

An employer in a workmen compensation insurance policy is: A group of individuals. These may or may not be incorporated, Any managing agent of an employer. Managing Agent implies an individual appointed to represent another person for carrying out that other person’s trade or business. This does not include a subordinate to an employer or […]

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What Is Workers’ Compensation?

Workers’ Compensation or Employee Compensation refers to the monetary compensation offered to workers or employees of an organization, firm, household or any establishment in lieu of any injuries they might sustain while involved in employment-related activities. An important factor to note about worker’s compensation is that it is only applicable in the case where the […]

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