The Workmen’s Compensation Act, 1923 makes it mandatory for an employer to compensate the worker and/or the worker’s family in case the worker dies, becomes injured, or suffers a disability during the course of his/her employment. If the worker suffers from any physical disability due to the nature of his employment. Then the employer becomes […]
Articles Tagged: Workmen Compensation Insurance Policy
What are the major exclusions under Workmen Compensation Policy?
A Workmen’s Compensation Policy provides financial protection to the employer in case the employee suffers an injury, death, or disability during the course of employment. The employer is liable to compensate the employee when he/she suffers an injury during the course of the employment. A Workmen’s Compensation Policy takes care of this financial liability faced […]
Risks That Construction Companies Should Consider While Employing Blue Collared Workers
The 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 and repair our roads. However, construction workers […]
Construction Site in India – A Big Risk For Workers
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 percent in the last four years, from $78 billion in 2013 to approximately $140 billion this year. Thus, a construction site in India also possesses a high level of risk for workers. […]
Does your Business Need Workmen Compensation Insurance Policy?
Yes, you need a workers’ compensation insurance policy, even if you have fewer employees. The fact is that any business working 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 of […]
Things Small Businesses Should Know About Workmen Compensation Insurance Policy
There’s a lot to know about a workmen’s compensation policy. This type of insurance policy offers legal liability coverage to employers. It also protects employees from incurring financial burdens by providing them compensation in case of any injury or accident at the workplace. However, several small business owners consider it like any other extra and […]
How is Insurer’s Liability Decided under Worker Compensation Insurance in Case of Occupational Disease?
Insurers’ liability under worker compensation insurance is defined as per Common Law or the Workmen Compensation Act 1923 in case of occupational disease. According to the Act, an occupational disease is a disease that a worker may contract while in service of the employer. One has to prove that the disease contracted is related to […]
Amount of Worker’s comp are Entitled to Under Workmen Compensation Act
The Workmen’s Compensation Act of 1923 works to safeguard Indian workers who experience injuries from accidents at the workplace. It helps in estimating worker’s comp amount under Workmen Compensation Act. The employer offers this compensation to the worker if injury or death resulting from the tasks they perform. Workmen’s compensation also protects employers by establishing […]
5 measures your construction company should take for ensuring safety of workers
Maintaining safety measures is important for a construction company to ensure that the workers stay safe and secure. Here is what you need to know.
Different Ways In Which Workmen Compensation Can Benefit your Business
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.