A work compensation policy is an insurance mandated by the government for employers to ensure the well-being of their employees or workers. This insurance is beneficial for both employers and employees. It gives financial protection to employers against the statutory liabilities that may arise from claims related to workplace accidents. The policy compensates the employees […]
Articles Tagged: Workplace accident insurance
What are punitive damages in the context of workplace accident insurance?
Workplace accident insurance is a legal requirement, that provides financial protection to employers by compensating employees who get injured on the job. It protects employers from lawsuits, promotes workplace safety, and ensures a prompt and fair resolution for workplace injury claims. Having workplace injury insurance exhibits a commitment of the employer toward employee welfare and […]