WORKMEN (EMPLOYEE’S) COMPENSATION INSURANCE
Show your employees you care about them and their families
As a business person, you always strive to provide your workers with a safe and secure working environment. Even with the best practices and safeguards in place, accidents do take place.
In the unfortunate event of an Employee suffering bodily injury (temporary or permanent), or death during the course of his/her employment, as an Employer you are legally liable to pay compensation to the him/her or their next of kin under the Employee’s Compensation Act 1923, The Fatal Accidents Act 1855, and at Common Law.
Such incidents can however put considerable financial strain on your resources. At Ethika, we believe that investing in a sound Workmen (Employee’s) Compensation Policy reassures your employees while securing your companies financial health.
A Workmen Compensation Insurance protects businesses and business owners against financial liability arising out of workplace accidents. It encompasses not just workmen but all employees. Aside from personal accident cover a Workmen Compensation Insurance covers any additional claims that may be brought against the company.
Workmen Compensation Insurance Vs Group Personal Accident Insurance (Policy Comparison)
At Ethika we believe that by understanding the risks and the specific coverage offered by different insurance policies, we can help our clients make better more informed decisions. We therefore recommend that in addition to a Workmen Compensation Policy, employees be made aware of the financial securities and risk coverage offered by Group Personal Accident Insurance.
|COVERAGE||WP INSURANCE||GPA INSURANCE|
|Accident Due to Employment||Yes||Yes|
|Accident Outside Workplace||No||Yes|
|Accident Due to Drug/Alcohol Abuse||Yes||No|
|Compensation||Dependent on Incident||Fixed|