• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
WittySparks Logo White

WittySparks

Ignite Your Thoughts

  • Topics
  • Reviews
  • Newsletter
WittySparks / Health and Healthcare / 3 Situations where a Workmen Compensation Policy protects you
Workers Compensation Policy - Workplace injury

3 Situations where a Workmen Compensation Policy protects you

Health and Healthcare October 10, 2019 by Nishitha

No matter how small or big an organisation is, it grows because of its employees. Indeed, the workforce is its lifeblood, and the employer needs to take good care of them all during office hours. Uncertainty does not come knocking at the front door usually.

If you own a company, no matter big or small, you are expected to pay for the expenses related to injuries that happen to your employees during work hours. The worst-case scenarios can even create legal issues for your business and create a need for a high compensation amount to be paid.

It is imperative that you buy the workmen compensation policy as per the Workmen’s Compensation Act 1923. There are a few situations in which this policy can be of great help, as described below:

Injuries Caused to Employees at the Workplace

You cannot ignore the fact that injuries can happen to your workers at any point in time. As per rules laid by the Ministry of Labour, you must provide compensation to the employees, depending on the nature of the injury. However, you can avoid doing this by having an active workmen compensation policy.

The policy will cover compensation liability to the workers for bodily injury arising out of the work done during employment. Furthermore, it can be extended to cover medical expenses.

Event of Death or Disability

People employed in factories, construction sites, and similar occupations are at higher risk of bodily injuries. In some cases, accidents at work can lead to the death of a worker or cause partial or permanent disability. In the eyes of workers, the employer is accountable for providing compensation to the victim of such an accident.

As an employer, you can avoid facing the expensive consequences of a workplace accident by buying workmen’s compensation insurance. As per the policy guidelines, the insurer will be liable to compensate for the losses that occurred.

Lawsuits Filed by The Victims or Their Families

Workplace accidents often lead to lawsuits against employers. The victims or their families can file legal cases against the organisation and file defamation proceedings against them in court. If this happens, the legal procedures turn out to be time-consuming, and you will need to hire a lawyer to represent you in the courts.

All this can be avoided when you have a workmen’s compensation policy. The other party will get the expected compensation as per the policy norms, and that eliminates the need to file a lawsuit.

Important Tips Related to Workmen’s Compensation

  • You should hand out a clearly-written document to all your employees that tell them how to maintain safety when at work.
  • The workforce should be appropriately trained to do their jobs.
  • You should be truthful about the risks involved at work to the employees hired in your organisation. Otherwise, the authorities may cancel your policy or even penalise for sharing the wrong facts.
  • Make sure you invest a certain amount of money in providing workplace safety training to all your employees. It will help them realise the importance of safety when at work.

Do All Businesses Need Workmen’s Compensation Insurance?

No matter if you have ten, fifty or hundreds of employees hired in your company, you need to buy a workmen compensation policy. This helps you avoid the possibility of paying for medical treatment bills or lost wages to an injured employee with this policy.

Since buying workmen compensation insurance is mandatory by law for all employers, not buying it may cause trouble for your company.

Featured image source: Shutterstock

Related Topics

  • 10 Things You May Not Know About The ABHA Card
  • How to Diagnose and Treat Gestational Diabetes
  • The Internet of Things: A Revolution in Healthcare Sector
Previous Post: « The Future of Data Centers in the IT Industry
Next Post: Is cloud-native the future of software development? »
Profile picture for Nishitha

About Nishitha

Co-founder of WittySparks
WittySparks Staff

I am done with my Physiotherapy Graduation. And I always try to share Health and technology tips with people. Apart from Physiotherapy and being a tech savvy, I do explore more on Technology side and I keep sharing my findings with wider audience.

View all posts by Nishitha

Primary Sidebar

Search

Exclusive Coupons

  • Moqups coupon code: WITTYSPARKS for 20% or PARTNERS50 for 50% discount.
  • WPForms coupon code: WITTYSPARKS for 50% off.
  • Serpstat coupon code: wittysparks_discount for 30% off.
  • SEO Buddy coupon code: WITTYSPARKS for 25% off.
  • Morningscore coupon code: wittysparks for 30% off for 3 months.
  • FlexClip coupon code: WITTYSPARKS for 30% off.
  • Uplead coupon code: “witty” for 30-day free trial.
  • FastestVPN coupon codes: WITTYSPARKS15 or WITTYSPARKS10 or Get up to 93% OFF.
  • Outranking.io coupon code: WITTYSPARKS50 for 50% off.

For more such offers visit our exclusive offers for SEO, Bloggers, Marketers and for Business owners.

Featured Productivity Software

Notion logo
Notion

Whether you’re a solo entrepreneur or a large team, Notion Workspace can help you stay organized and get more done. Get started today and take your productivity to the next level.

Try Notion for FREE

Footer

Affiliate Disclosure

If you make a purchase from WittySparks links, we will receive a small commission. See our Affiliate Disclosure.

Sponsors

Partnered with FreePik to use the licensed images.

turn to dhgate for smartphone

Follow Us

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn
  • Instagram
  • YouTube
  • RSS

Copyright © 2023 · Hosting sponsored by Rocket.net (Affiliate link)

  • About Us
  • Contact Us
  • Privacy Policy
  • LinkedIn
  • Twitter
  • Like
  • Pinterest