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: Workmen compensation act
Decoding Labor Insurance: Why It Matters for Regular Employees and Hired Labor
Labor power is the only capital that every working laborer possesses for their livelihood. Government has thus made it mandatory for the employer to compensate the labor for losses suffered due to workplace accidents. As per the labor protection laws, the government has made provisions of social guarantees for the affected laborers in accidental mishaps. […]
What are the most common claims for workers compensation?
Safety is an utmost important element to creating a healthy workplace environment. As safety-related incidents can affect the employees’ morale and their family, productivity, and the organisation’s reputation, various safety measures are taken to prevent such risks. However, ensuring workplace safety requires both employee and employer cooperation. Despite all the safety measures and rules for […]
Video- Why do you need a Workmen compensation insurance?
Workers Compensation Insurance This video blog discusses the significance of workmen compensation policy or workers compensation insurance coverage through a real-life case study. Workmen’s compensation is a vital insurance policy that provides financial assistance to employees in case of any work-related injury, illness of death a the workplace. It highlights the importance of understanding the benefits […]
Workers Compensation Coverage for Remote Workers: A Complete Guide
Ever since the pandemic impacted the way we work, the remote work environment has become the new normal. More than 82% of employees prefer working from home as per a reliable survey. As almost everyone has worked from home at some point by now, it often makes business owners undermine the importance of a worker’s […]
10 Questions of Workmen Compensation Insurance Answered
Workmen’s Compensation Insurance is an employer’s liability insurance, which covers the employer’s liability to pay compensation to an employee or worker, injured on duty. What is Workmen’s Compensation? It is a system of insurance that provides financial assistance to employees who are injured or become ill as a result of their work. Who is eligible […]