What is it? The Workmen’s compensation policy is a type of liability insurance policy which covers the legal liability of the employers under the Workmen’s Compensation act, 1923, and Fatal accidents act,1855. The act was passed to provide monetary compensation to the employees injured at the workplace. The act specifies that the employer will be […]
Workmen Compensation policy premium calculator takes into account the minimum monthly wages of the employees and the number of employees. In addition to this, the workmen compensation policy premium calculator also takes into consideration the occupation of the employees. Workmen’s compensation policy can be purchased online with ease and better discounts can be obtained. What […]
While we give the best perks and benefits to our directors and CEOs, we ignore the basic benefits for our workers. They are the only breadwinners in the family. In addition to taking care of occupational safety, one should always value their well-being. We would rather call it Work-care compensation insurance? In this article, we […]
If you are already covering your workers under ESI then the workmen compensation policy is not applicable. The compensation and treatment cost of the disease will be as per ESI policy. For those cases where the workers are only covered under the Workmen compensation policy, you can read further. Workmen’s Compensation policy covers any worker […]