CFO's Dashboard: The True Cost of Inaction
Statutory liability is predictable. A Common Law lawsuit is not. Model the catastrophic, unbudgeted risk of a single incident involving a key employee and see the strategic value of comprehensive coverage.
The Hidden Financial Drains of a Single Incident
₹25-50 Lakhs
Estimated Legal Defence Costs for a protracted negligence lawsuit.
Significant
Business Disruption from project delays & hiring/training replacements.
Unquantifiable
Reputational Damage impacting client acquisition and shareholder confidence.
A ₹75,000 premium mitigates a potential, unbudgeted liability of over ₹4 Crore.
That's a 533:1 ROI in Risk Mitigation.
More Than a Policy—It's Your Corporate Shield
For a high-earning tech professional, statutory compensation is often negligible compared to their actual loss of income. This makes a Common Law lawsuit a much more likely and financially dangerous outcome. Explore the key scenarios where this coverage is vital.
What's Covered: A Comprehensive Overview
Our Employer's Compensation policy is designed to provide a complete safety net, protecting you from both statutory obligations and unforeseen liabilities.
Accidental Death
Covers the statutory lump-sum compensation payable to dependents in the event of a work-related death.
Permanent Disablement
Provides compensation for both Total and Partial Permanent Disablement, based on the loss of earning capacity as per the EC Act.
Temporary Disablement
Covers loss of wages through half-monthly payments to an employee who is temporarily unable to work due to a workplace injury.
Occupational Diseases
Extends coverage to specified occupational diseases arising from prolonged exposure to certain work conditions.
Medical Expenses Extension
An optional but recommended extension to cover the actual medical, surgical, and hospital expenses for treatment.
Common Law & Fatal Accidents Act Liability
The most critical protection. Covers legal defense costs and unlimited damages from lawsuits filed by employees alleging negligence. This is your shield against financially crippling court awards.
A Clear Map of Your Corporate Liability Shield
As a leader, you manage a portfolio of liability insurances. Here’s a clear visual of where this policy fits, and the critical gap it closes.
Directors & Officers (D&O)
✓Covers: "Wrongful Acts" of Directors & Officers (e.g., breach of duty).
✕Excludes: Bodily Injury claims.
Employment Practices (EPLI)
✓Covers: "Wrongful Employment Practices" (e.g., harassment, discrimination).
✕Excludes: Bodily Injury claims.
Commercial General (CGL)
✓Covers: "Third-Party Bodily Injury" (e.g., a client slips in your office).
✕Explicitly Excludes: Your own Employee Injury claims.
Employer's Compensation (EC)
✓The ONLY Policy That Covers: Your liability for your own Employee Bodily Injury.
This policy closes the critical employee injury gap left open by your entire corporate liability portfolio.
EC vs. GPA: A Clear Comparison
Understanding the difference is key to comprehensive risk management. While both policies are valuable, they serve fundamentally different purposes.
Our Red Carpet Claims Promise
During a stressful time, your focus should be on your employee's well-being, not on paperwork. Our Red Carpet Claims Promise ensures a dedicated concierge manages the entire process with empathy, transparency, and speed.
Immediate Action
Your priority is to arrange medical care. Your only other task is to notify your dedicated Ethika claims manager.
Ethika Takes Over
We immediately register the claim with the insurer and begin coordinating all necessary steps.
Documentation Support
We provide a clear checklist of required documents and assist you in collating them correctly.
Swift & Fair Settlement
We liaise directly with the insurer to ensure the claim is processed efficiently and rightful compensation is paid.
Legal Guidance
In complex cases, we provide expert guidance on your legal obligations to avoid interest and penalties.
Your Path to a Safer, More Productive Future
An invitation to the Happiness@work Council. Take the first step towards a more secure and compliant workplace.