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Advantages of Workmen Compensation Insurance

 
Our worker's compensation policy covers legal liability under the Workmen Compensation Act (WCA) of 1923 with subsequent amendments, the Fatal Accident Act, 1855 and common law. Our comprehensive plan provides cover for medical expenditure, occupational and compressed air disease as well.
Our worker compensation policy meets your contractual requirements. It is also recognized by customers, suppliers, regulatory authorities, external agencies, and international companies. In terms of risk locations, pan India coverage is applicable under our worker's comp insurance plan.
Our workmen compensation policy provides coverage against unforeseeable events such as disabilities due to workplace injuries, occupational ailments in course of employment, medical treatment for the injuries, lost wages, lawsuits (defense costs), terrorism and accidental death.
We provide industry-specific coverages as the cover and risks vary considerably by industry. Generally, the risks are highest in manufacturing and industrial businesses. We make sure the insured properly understands the risk and occupation classification before buying the insurance.

Benefits of Workmen Compensation Insurance

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Cover for Medical Expenditure
Workmen compensation policy covers medical expenses from injuries arising from accidents during employment
Medical expenditure could be incurred either during hospitalization or on outpatient basis
Choose one of three options for sub-limit from the calculator i.e., Rs 10000, 25000 and 50000.

Legal Liability
Workers compensation policy covers employer's legal liability from an accident to a worker, during the working hours in office premises
The policy pays the legal compensation decided by the local labor commissioner or court
Defense costs arising out of lawsuits filed in the labor court are also covered.

Cover for Occupational Diseases
Workmen compensation policy covers diseases & illnesses caused due to prolonged exposure to occupational hazards specific to the employer's industry
Compressed air diseases could be selected as an additional benefit under the policy
Sample diseases that are covered include Bagassosis, Bronchopulmonary, and Pneumoconioses