Workmen Compensation Insurance

Protect your workforce and their families from uneventful circumstances.
Introduction

The Workmen’s Compensation Insurance Policy provides for legal liability coverage for compensation to your employees for bodily injury or death caused due to accidents / occupational diseases arising out of and in course of employment. According to the Indian Ministry of Labour, a scheme is set out in the Workmen’s Compensation Act, where the employer is liable to compensate for their workforce. This insurance helps in satisfying the obligations laid out in the statutes.

Advantages

    • It covers indemnity against any fatality or accidental injuries that might occur out of and during the course of employment.
    • It also covers legal liabilities if any.

    Basic coverage

        The policy covers legal liability of an employer under:

        Table ‘A’ – Indemnity against legal liability to all employees (whether or not coming within the definition of the term Workmen) under the W.C.Act 1923 and subsequent amendment to the said Act prior to the date of issue of the policy, the Fatal Accidents Act, 1855 and at Common Law

        Table ‘B’ – Indemnity against legal liability under the Fatal Accidents Act, 1855 and Common Law.

        The following events are usually covered under the WC policy:

        • Death.
        • Permanent Total Disablement (PTD).
        • Permanent Partial Disablement (PPD).
        • Temporary Disablement.
        • Legal costs, if any.

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