General InsuranceWorkmen Compensation
Workmen's Compensation protects organization from the threat of expensive lawsuits and large compensation payouts. The policy covers statutory liability of an employer for the death of or bodily injuries or occupational diseases sustained by workmen in the Insured's immediate service and arising out of and in the course of employment. It is compensation payable under a scheme set out in the Workmen's Compensation Act of India, monitored by the Ministry of Labour.
The employers legal liability under the W.C. Act to pay compensation to employees not covered under E.S.I.
Act for bodily injury or disease sustained / contracted out of and in the course of employment is covered by this policy. Liability to employees under Indian Fatal Accident Act 1855 and at Common Law is also covered under the policy.
