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Product Detail

Workmen's Compensation Insurance (WC)

The policy covers statutory liability of an employer for the death of or bodily injuries or occupational diseases sustained by the workmen arising out of and in course of employment.

Any employer whether as a Principal or contractor engaging "workmen" as defined in WC Act to cover his liability to them under statute and at common law. Employer can cover Employees who do not qualify as "Workmen" under separate table.

The Scope Of Policy Is as Under:

• To pay all sums which the insured is legally liable to pay the employees in respect of personal injury by accident or diseases 'arising out of and in the course of the employment'.

• Insured's liability arising either under common law or the laws set out in the schedule Workmen's Compensation Act 1923.

• Costs or expenses incurred by the insured with the consent of the company, to defend any claims are paid in addition.

Premium rating is governed tariff. It depends on the nature of work carried on by the insured.

Tariff prescribes 2 forms of insurance:

Table-A: Indemnity against legal liability for accident to employees under:

1. Workmen's Compensation Act 1993.

2. Fatal Accident Act 1855.

3. Common Law

Table-B: Indemnity against legal liability:

1. Fatal Accident Act 1855.

2. Common Law Table A policies may be extended to cover insured's liability for contractor's workmen.