What is a Workmen's Compensation Insurance Policy?
A Workmen’s Compensation Insurance Policy is known as Workers Compensation Policy (WC Policy) or Employee Compensation Policy.
The Workers’ Compensation Policy covers the legal liability of the employer to pay compensation to the employee or their family members in case of accidental death or disablement (Permanent Total Disablement/ Permanent Partial Disablement/ Temporary Total Disablement) in the course of their employment.
The Workers’ Compensation or Workers’ Comp Policy covers the legal liability of the employers under the Workmen’s Compensation Act, 1923 and Fatal Accidents Act, 1855.
