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Workmens Compensation
The main way for a business to prove that they have the resources necessary to fulfil their worker’s compensation legal duties is through workmen’s compensation insurance. The policy also includes coverage for liability to workers under the Common Law and the Indian Fatal Accident Act of 1855.
Benefits of Workers' Compensation and Compensation Insurance
Complete Protection
The Workmen Compensation/Employees Compensation Act (WCA) of 1923 and its later changes, the Fatal Accident Act of 1855, and common legal liabilities are all covered by our workers compensation/employees compensation policy. Medical expense, occupational diseases, and diseases related to compressed air are all covered by our all-inclusive plan.
Globally Accepted
Your contractual obligations are met by our worker compensation/employee compensation policy. Additionally, it is acknowledged by clients, vendors, regulatory bodies, outside agencies, and multinational corporations. Under our workers’ compensation insurance/employee compensation plan, coverage is available throughout India in terms of risk areas.
Covers Unexpected Events
Our workmen’s compensation/employees’ compensation policy offers protection against unexpected circumstances such accidental death, occupational illnesses that arise while employment, lost pay from treating injuries, litigation (defence expenses), and disabilities brought on by working accidents.
Sector Specific
Because the risks and coverage vary significantly by sector, we provide industry-specific coverage. Typically, manufacturing and industrial businesses face the greatest risks. Before purchasing the insurance, we make sure the insured fully comprehends the risk and occupational categorization.
FAQ
General Question
? How can I submit a claim for workers' compensation?
The employer should notify the local labour authority of the region and the insurers right away in the event of an accident at the workplace. The subsequent step is to provide the insurance with the necessary paperwork, including the claim form, medical records, and compensation records.
? What sectors require a workmen's compensation policy?
For their workers and employees, all types of companies need workers' compensation or employee benefits insurance, although each industry may have various purchasing considerations. Construction, mining, transportation, and logistics are examples of industries that require a lot of labour since the danger of an accident or other catastrophe occurring while working is significant. Other sectors include IT and human resource consultancy, which purchase the WC coverage to abide with contractual and legal obligations.
? What benefits may an employer expect from purchasing a workmen's compensation policy?
In accordance with the Workmen Compensation/Employees Compensation Act of 1923, workmen compensation/employees compensation policies provide an employer with many layers of protection. For example, they cover the employer's statutory obligation for the death of, physical harm to, or occupational illnesses incurred by a workman/employee arising out of and in the course of employment. Additionally, a company is entitled to a tax deduction for the amount they paid for the worker compensation insurance.
Talk To Our Insurance Experts
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