What add-ons are offered under Workmen Compensation Insurance plan?

Following is a list of the worker’s compensation insurance policy add-ons: Occupational disease Compressed air disease Contracted/ sub-contracted coverage PAN India location coverage Medical expenses (per employee limit) Terrorism coverage Cashless for medical expenses

What legal liabilities are covered under Worker’s Compensation Insurance Plan?

Following are the inclusions for legal liabilities under workmen compensation policy: Fatal accidents according to the Fatal Accident Act of 1855 Common laws and legal obligations Workmen Compensation Act, 1923 and subsequent amendments of the act before the issue date of the policy.

What is occupational disease cover?

It is coverage offered for the injury or damage that happens due to the nature of the occupation. This add-on provides coverage for diseases that are mentioned under Schedule III of the Workmen Compensation Act.

What details are required to purchase a worker's compensation insurance plan?

Following is the information required to buy a workmen compensation insurance plan: Nature of work or occupation of the employees The number of employees who will be covered Policy tenure Risk allocation address Last 3 years claim details with amount and number of claims made

What is covered under the PAN India Location Coverage add-on?

In case your business has more than one risk location across the country, this additional benefit will come in handy for you. To put it simply, PAN India Location Cover enables you to buy a single insurance plan to cover its employees across all the branches and offices.

Track & Policy DownloadLogin

Workmen Compensation Insurance

Workmen Compensation Insurance provides financial protection to employees in case of any injury or disability that happens due to their job. To put it simply, the policy will help guard your employees against mishaps that may arise on the work premises.

Compare & Buy Customised Plans

Business Details

Your details are secured with us!

Scroll to know more

What is Workmen Compensation Insurance?

Unfortunate workplace events can occur regardless of how many precautions are taken. Therefore, worker’s compensation insurance will provide protection for your employees who get injured or become disabled while performing their job.

For instance, suppose you own a construction firm and your workers get injured while working at the construction site. The worker can sue and claim compensation for medical expenses if your business is not covered under worker’s compensation insurance.

Benefits of Workmen Compensation Insurance

While doing the course of work, if any employee is injured, they can file a lawsuit in Civil Court against the employer for an injury or damages. As a result, legal procedures and medical expenses can burn a hole in your books of accounts. If you purchase employee compensation insurance, it will financially help you overcome any work-related injuries or illnesses. Looking for more reasons to invest in this plan? Find out in the section below:

The insurance will protect your employees if any injury or illness happens while they are performing their job. Additionally, it will allow them to get proper treatment, recover early, and get back to work.
It protects your business by cutting off the risk of financial loss in case your employee is injured.
The plan will reduce the risk of lawsuits for your company as it covers accidents that happen at work.
This will help your business stay aligned with the Worker’s Compensation Act of 2013.
The businesses also receive additional protection if sued. This is because once the claim settlement process is complete, the employees cannot claim or sue the business for that incident.

Frequently Asked Question

1
What add-ons are offered under Workmen Compensation Insurance plan?
Following is a list of the worker’s compensation insurance policy add-ons:
- Occupational disease
- Compressed air disease
- Contracted/ sub-contracted coverage
- PAN India location coverage
- Medical expenses (per employee limit)
- Terrorism coverage
- Cashless for medical expenses
2
What legal liabilities are covered under Worker’s Compensation Insurance Plan?
Following are the inclusions for legal liabilities under workmen compensation policy:
- Fatal accidents according to the Fatal Accident Act of 1855
- Common laws and legal obligations
- Workmen Compensation Act, 1923 and subsequent amendments of the act before the issue date of the policy.
3
What is occupational disease cover?
It is coverage offered for the injury or damage that happens due to the nature of the occupation. This add-on provides coverage for diseases that are mentioned under Schedule III of the Workmen Compensation Act.
4
What details are required to purchase a worker's compensation insurance plan?
Following is the information required to buy a workmen compensation insurance plan:
- Nature of work or occupation of the employees
- The number of employees who will be covered
- Policy tenure
- Risk allocation address
- Last 3 years claim details with amount and number of claims made
5
What is covered under the PAN India Location Coverage add-on?
In case your business has more than one risk location across the country, this additional benefit will come in handy for you. To put it simply, PAN India Location Cover enables you to buy a single insurance plan to cover its employees across all the branches and offices.