MANAGEMENT

Detailed explanation-1: -The Workmen’s Compensation policy provides payment for legal compensation to Employees or their dependants in case of injury and accident of the employees at workplace (including certain occupational disease) arising out of and in the course of employment and resulting in disablement or death.

Detailed explanation-2: -Workers’ compensation refers to the benefits that employees receive if they are injured on the job. Employer’s liability insurance protects an employer in the event that an employee sues them for workplace injuries. Workers’ compensation covers statutory requirements covered by India’s compensation laws.

Detailed explanation-3: -Ans: The employer is 100% responsible for providing all the benefits underwritten in the policy, within 30 days from the date when the claim is made. In certain circumstances, the employer directly settles the claims or sometimes by providing a labour insurance policy to its employees.

Detailed explanation-4: -For example, an employee got an injury in his ankle while unloading a truck of goods. This injury at the ankle caused him to limp and resultantly he was having back pain. Workers’ Compensation Insurance can help to cover his treatment of back pain because it was because of his ankle injury.