Employees Compensation Policy

The Workmen Compensation Act is an employee welfare scheme initiated by the Government of India under which the employer has to bear the legal liability of his employees in case injury/accident/ caused during or as a result of the course of employment

The section 2(1) (n)of the act clearly defined who is a workmen. And the schedule II of the Act, mentions the list of persons who are subject to the section 2(1) (n) , is also part of the definition of workmen

Any body of persons, whether incorporated or not, management of the employer and legal representative of the deceased employer is the employer. The definition of employer is also extended even when the service of workmen is temporarily lent or let on hire to another person by the employer with whom the workmen or employee has signed a contract or service of apprenticeship.

If an employee gets an accidental injury during the course of official duty, the employee becomes entitled to specified workmen compensation benefits. The policy pays for death or disability caused due to accident

The extensions for Workmen Compensation Policy is as follows:
o Actual medical, surgical and hospital expenses including the cost of transport to hospital for Accidental employment injuries

o Any compensation for diseases mentioned in Part �C� of Schedule III of the Workmen Compensation Act, 1923, which arise out of and in the course of employment.

Workmen compensation insurance is a type of employer�s liability insurance. Herein, liability arising on the employer due to death or disability of the employee in office or factory premises are covered.

Any injury or accident leading to death of the workman during the course of employment is a fatal accident. Whereas, any injury or accident resulting in partial or permanent physical disablement such as loss of limb or hearing is defined as non-fatal accidents.

Any injury or accident leading to death of the workman during the course of employment is a fatal accident. Whereas, any injury or accident resulting in partial or permanent physical disablement such as loss of limb or hearing is defined as non-fatal accidents.

Some exclusions to workmen or employee compensation policy are:
o Liability of the Insured assumed under an agreement

o Diseases mentioned in Part �C� of Schedule III of the Workmen�s Compensation Act, 1923, unless explicitly agreed to be covered.

o Any change in statute provisions after the policy has commenced

Worker insurance also offers a layer of protection to employers. If the injured employee accepts worker comp benefits then they are generally waiving their right to sue for the incident that caused the accident.