Workmen Compensation Insurance

* In an increasingly global work environment, employee rights have rapidly moved forward. To protect organisations from the threat of expensive lawsuits and large compensation pay-outs,

* The workmen’s compensation insurance is the primary method by which an employer can demonstrate the ability to satisfy the obligations imposed by the worker’s compensation statutes. It is compensation payable under a scheme set out in the Workmen’s Compensation Act of India, monitored by the Ministry of Ladour.

* The policy covers statutory Liability of an employer for the death of or bodily injuries or occupational diseases sustained by workmen in the Insured’s immediate service and arising out of and in the course of employment.

* Employer’s Liability insurance covers for bodily injury to employees occurring within the scope of their employment when that Liability is not covered by worker’s compensation.

* The policy covers legal Liability of an employer under:

• • Workmen’s Compensation Act, 1923, and Subsequent amendments of the said Act prior to the date of issue of the policy

• • Indian Fatal Accidents Act, 1855, and Subsequent amendments of the said Act prior to the date of issue of the policy

• • Common Law

Who needs these policies?

• • Any employer of employees who do not qualify as “workmen” but share an employee-employer relationship.

• • Any employer of employees who do not qualify as “workmen” but share an employee-employer relationship.

Plan Coverage

• • Death

• • Permanent total disablement

• • Permanent partial disablement

• • Temporary disablement

• • Legal costs and expenses incurred with the company’s consent

Extensions

• • Actual medical, surgical and hospital expenses including the cost of transport to hospital for Accidental employment injuries