This policy is suitable for Employers or companies employing more than ten (10 persons). Such employers are liable for any accidental death of or bodily injury or occupational diseases to workmen, as per the Workmen’s Compensation Act of 1978.
- The policy covers the 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.
- The Act provides a very wide meaning for the term ‘arising out of and in course of employment’ (for example a workman starting from his house to the work place is treated as in course of employment). Death of or injuries arising out of an employee’s own negligence are also treated as arising out of employment’.
- Being a legal liability policy, the claim amount payable is the amount of compensation as stipulated in the Workmen Compensation Act. An employee who is engaged for casual duties (casual not by time) is not a workman within the
Why You Must Buy the NIC Workmen’s Compensation Policy
The liability of an employer being absolute by statute for the death of or bodily injuries or occupational diseases sustained by the workmen ‘arising out of and in course of employment of the employee’, this policy is suggested for all employers, with work a workforce of a minimum of ten members.