Protect
Your People, Power Your Business
Prepare for the unexpected and protect your employees with workmen compensation insurance.
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Why is Workmen’s Compensation Insurance Vital for Business
Ensure your business is compliant with the Employee’s Compensation Act, 1923. Protect your employees and your company.
What Types Of Businesses Need Workmen’s Compensation Insurance Coverage?
Construction & Manufacturing
Protect your workforce from on-site risks with Employee’s Compensation Act, 1923 compliant coverage.
Logistics & Transportation
Ensure your drivers and warehouse staff are covered under the Employee's Compensation Act of 1923.
Mining Operations
Critical for covering miners under Employee Health Insurance due to high-risk work environments.
Other Businesses
Businesses with employees engaged in hazardous occupations listed under the Employee's Compensation Act 1923 need WC Policy coverage.
How will Employee Compensation Insurance Help Businesses?
During a construction project, a construction worker suffered a severe fall that left him partially disabled. The employer faced mounting medical bills under the Employees’ Compensation Act, 1923. However, Workmen’s Compensation Insurance covered the medical expenses promptly, saving the business from financial disaster.
A Safety Net for Your Business and Your Workforce
Workmen compensation steps in to cover these costs, preventing a financial blow to the company and ensuring the injured employees receive the care they need.
Inclusions
Death Benefits
Financial support to dependents if an employee dies from a work-related incident
Disability Benefits
Compensation for lost wages if an employee is temporarily or permanently disabled due to a work injury or illness
Accidental Injury
Covers medical costs and other expenses for injuries sustained at work
Medical Expenses
Pays for medical treatment related to a work-related injury or illness, including hospitalization and rehabilitation
Occupational Illness and Diseases
Covers illnesses contracted due to workplace conditions or exposures
Exclusions
Self-Inflicted Injuries
Injuries intentionally caused by the employee themselves
Injuries Due to Intoxication
Injuries resulting from being under the influence of drugs or alcohol
Injuries Due to Willful Disobedience
Injuries caused by deliberately disobeying safety rules or instructions
Injuries Occurring Outside of Employment
Injuries not sustained during the course of employment or at the workplace
Pre-Existing Conditions
Injuries or illnesses that existed before employment and were not aggravated by work
War, Invasion, or Civil Unrest
Injuries occurring during times of war, invasion, or civil unrest
Expert Claims Management
Instant Coverage
Affordable Premiums
Easy Online Process
Why Get WC Policy From Covrzy?
Covrzy streamlines the process of securing essential protection for your employees. With our WC Policy, you can ensure compliance with the Employee's Compensation Act of 1923 in a matter of minutes.
Expert Claims Management
Instant Coverage
Affordable Premiums
Easy Online Process
Real Life Claim Story
In 2018, a tragic accident occurred at a construction site in Mumbai, Maharashtra. A 29-year-old construction worker fell from the 14th floor of an under-construction building. The worker, who was not wearing proper safety gear, suffered fatal injuries from the fall.
Legal Support
The insurance provider assisted in handling the legal proceedings, providing expertise in navigating the complexities of the Employee's Compensation Act.
Prompt Settlement
The insurance facilitated a quicker settlement process, ensuring that the deceased worker's family received the compensation without prolonged delays.
Frequently Asked Questions
What is Workmen’s Compensation insurance?
Workmen’s compensation insurance is a type of insurance that provides financial protection to employers against their legal liability for injuries or illnesses sustained by their employees during the course of their employment.
Is Employee Compensation Insurance mandatory for all businesses in India?
Who is covered under the Employee's Compensation Act of 1923?
Do you have more questions?
Contact us for any queries related to business insurance, coverages, plans and policies. Our insurance experts will assist you.
Compliant, Confident and Compensated
Comply with Employee’s Compensation Act, 1923
