Every business needs to plan risk management strategies for long-term growth. The right liability insurance and business insurance policies are crucial to an organisation’s risk management and other internal measures to reduce risk. Businesses need to first understand the types of policies available and how Employers’ Liability Insurance Versus Workers Compensation Policy are relevant to […]
Articles Tagged: Workman compensation
Why is workman compensation policy important?
Expects every business to keep the work environment safe for its employees. The employer is legally liable to pay compensation. If an employee suffers an injury (leading to disablement) or death due to workplace accidents or illnesses during the scope of employment. The Workmen’s Compensation Act, 1923 clearly states to pay compensation to employees for […]