It is crucial for employers to understand workmen’s compensation insurance well before buying a policy. Here are five things you, as an employer, should know.
The Workmen’s Compensation Act offers compensation to workers and their dependents in case of injury or accident that may arise out of and in the course of employment resulting in disability or death. It helps an employer to cover the legal liabilities, which may arise when one of its workers meets with an accident at […]
Workers’ compensation insurance not only covers medical expenditure arising out of workplace accidents but defense costs as well. Here are a few things about worker’s compensation benefits that you might not know.
Risks You Should Consider While Employing Blue Collared Workers Construction industry is the key driving force of our economy. It provides employment to a large number of the people of our country. Construction workers form an important component of our dynamic workforce. We depend on construction workers to build our homes, construct office buildings, and pave […]
India’s construction industry is the country’s second largest employer and contributor to economic activity, after agriculture. According to government estimates, it grew by 80 per cent in the last four years, from $78 billion in 2013 to approximately $140 billion this year. But there is a darker side to this explosive growth. For all the […]
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 […]
Amount of Compensation Workers are Entitled to Under Workmen Compensation Act The Workmen’s Compensation Act 1923, aims to protect Indian workers when they suffer an injury due to an accident in the workplace. It helps in estimating the compensation amount payable to the workers in case of injury or death due to the task they […]
Worker’s compensation policy benefits both the employer and the employee as it provides coverage against injuries and diseases due to work or job-related activities. Know more here.
In 2016, a worker lost his life, while several others got injured when a fire broke out in a plastic factory in Delhi’s Narela. Even in a safe and conducive work atmosphere, accidents can happen. In such a case, the employer’s liability arises to pay the compensation to the injured. The compensation amount, in some […]
Yes, you need a workmen’s compensation insurance if you belong to the following category= Any employer of an employee who does not qualify as ‘workmen’ but enjoys any of the employee-employer relationships. It is the legal responsibility of employers to make the workplace safe for their employees. However, mishaps can occur even at the safe […]