Step-By-Step guide to filing Workmen Compensation Insurance Claims. A Workmen’s Compensation Insurance covers the legal liability of the employer to pay compensation to the employee or their family members in case of accidental death or disablement.
ESIC stands for Employee State Insurance Corporation, which manages the Employee State Insurance Policy. It is a scheme managed under the Employee State Insurance Act 1948. It protects employees against sickness, maternity, disablement or death suffered as a result of employment injuries. The ESIC Scheme applies to companies that employ 10 or more people, such as hotels, restaurants, cinemas, logistic operators, etc.
A Workers Compensation Insurance Policy covers the legal liability of the employers to provide compensation to the employees in case the employee suffers from employment related disablement or death. The WC Insurance Policy is governed by the Workmen’s Compensation Act 1923 and Fatal Accidents Act 1855.
What is the Workmen’s Compensation Act 1923? The Workmen’s Compensation Act 1923, also known as Employee Compensation Act, came into force on 1st July 1924, and it applies across India. The Workmen Compensation Act 1923 was formed to provide compensation to workers who faced Accidental Death or Injuries in the course of employment. The Act makes […]
Workers in India are entitled to a safe working environment as per the law. Employers can be held legally liable if an employee suffers from any workplace related injury. Workplace-related accidents and injuries are a common occurrence and such injuries leave the family of employees in an extremely vulnerable position since the injured worker faces […]
A Workmen’s Compensation Insurance Policy is a Policy which covers the legal liability of the employer to provide the compensation to an employee in case the employee suffers from an injury or death in the course of his employment. A Workmen’s Compensation Insurance Policy is also known as WC Insurance Policy. This article describes in […]