In an unfortunate event of an employee suffering a bodily injury (Temporary or Permanent), or death during employment, employer is legally liable to pay compensation to the employee.
Worker's compensation/employee compensation policy covers legal liability under the Workmen Compensation/ Employees Compensation Act (WCA) of 1923 with subsequent amendments, Fatal Accident Act, 1855, and common law.
A comprehensive plan provides also covers medical expenditure, occupational and compressed air disease as well.
- Advantages:
- 1. Comprehensive cover.
- 2. Coverage under policy is a mirror reflection of the provisions under WC act and the amendments.
- 3. Covers Unforeseeable events.
