The Workmen compensation insurance policy is a product designed to ensure the employer against their liability towards the workers in case of an injury at the workplace. Workmen Compensation Act: Workmen Compensation Act is to provide organizations and workers with a medium to decide the extent of compensation owed by the employer if a worker […]
Articles Tagged: Workmen Compensation Insurance Policy
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 […]
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 Compensation Insurance Policy (WC Policy). It covers the statutory liability of an employer for the death, injury or occupational disease of an employee at the workplace. As […]
Know all about the Workman Compensation Insurance Policy and its Benefits
In today’s highly competitive work environment, employees’ rights have also moved forward. Providing a safe and secure work atmosphere is one of the main responsibilities of an employer. However, one can’t deny the fact that injuries at the workplace are a common part of businesses. To keep your business safe from expensive legal problems and […]
Why Should You Make Workmen Compensation Policy An Imperative Part Of Your Business?
As a business owner, one of your priorities is to increase the volume of your earnings in a fair and ethical manner. You need to protect all your assets and proceedings. For this, you need to adhere to government norms and also ascertain the welfare of your employees. Providing your employees with a workmen compensation […]
How to Determine Post Hospitalization Medical Expenses in a Worker Compensation Insurance?
A worker’s compensation policy applies to accident-related bodily injury or illness due to work. To avail of the benefit of this type of policy, it is important that the worker should have suffered bodily injury or an accident during the policy period. A workmen’s compensation policy covers both the pre-hospitalization charges and the post-hospitalization charges […]
Why is a Workman Compensation Insurance policy compulsory?
Employees in high-risk businesses may experience work-related health issues and accidents. The Workman Compensation Act, 1923, addresses concerns about lost income and healthcare costs in such cases. Also, renamed the act as Employees Compensation Act, 1923. As per the rules in the Workmen Compensation Act, workers who get injured at work or experience certain work-related […]
What is the difference between the WC policy and ESIC?
Workers in India have access to various health insurance and social security schemes to safeguard their interests during contingencies. Two of the security benefits offered to workers in India are the Workmen Compensation policy and Employee State Insurance. Despite several similarities in terms of benefits, there are differences in the application and functioning of both […]
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 in a safe workplace also. An employer has to provide compensation […]
What are the legal rights of the Company after the loss under Workers Compensation Insurance?
The workers’ compensation (WC) insurance policy safeguards organizations from the threat of expensive legal suits and financial liabilities. Employees’ compensation insurance policy is the other name for it. Let’s look at the rights of the company after the loss under Workers’ Compensation Insurance. Rights Of Employers Under WC Policy The companies/employers that purchase the insurance […]