Workmen Compensation Insurance
Worker’s Compensation is a legal obligation mandated by government regulations. This legislative mandate ensures that employees have access to financial security in the unfortunate event of deadly accidents. The provision helps employees and their families handle unexpected events, creating a safer and more secure work environment. This means that if an employee is unable to perform their job due to a workplace injury, they will still receive a portion of their regular wages. Lets Compare & Buy Workmen Compensation Insurance from Coverbox.
Types of Workmen Compensation Policies
There are two types of WC Policies or labour insurance Policies:
- Named: In this policy, the names of employees will be explicitly mentioned in the policy copy. Lets Compare & Buy Insurance from Coverbox.
- Unnamed: In this policy, it is not obligatory to specify the names of employees. Lets Compare & Buy Insurance from Coverbox.
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Key Offerings
If you do not have an idea about what workers comp cover, you need to understand the inclusions before buying a policy.
The workers comp insurance coverage offers the following inclusions:
Bodily injuries sustained due to accidents occurring during the course of employment.
Bodily injuries resulting from diseases or conditions aggravated by the employment.
Temporary disability or death.
Partial or total permanent disability.
Legal expenses incurred with the company’s consent.
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