Workmen’s Compensation Insurance
This policy is meant to protect the employer against legal liability if any towards his employees/workmen as enjoined by the law of the land.
The employer shall be liable to pay compensation, in accordance with the provisions of Workmen Compensation Act, 1923, for personal injury or death caused to a workman by accident arising out of and in the course of employment and/or disease contracted specified therein as an occupational disease peculiar to that employment in Part A Schedule III of Workmen Compensation Act 1923.
For purposes of workers’ compensation, an injury is deemed to be job-related when it arises out of employment activities and when it occurs in the course of employment. Liability to employees under the Workmen’s Compensation Act 1923, Fatal Accidents Act 1855, and at Common Law is covered under this policy. Worker’s compensation insurance assures that injured workers get medical care and compensation for a portion of the income they lose while they are unable to return to work.
The policy covers the legal liability of an employer under:
Table ‘A’ – Indemnity against legal liability to all employees (whether or not coming within the definition of the term Workmen) under the W.C. Act 1923 and subsequent amendment to the said Act prior to the date of issue of the policy, the Fatal Accidents Act, 1855 and at Common Law.
Table ‘B’ – Indemnity against legal liability under the Fatal Accidents Act, 1855, and Common Law. (Table ‘B’ policies may not be issued to cover employees who fall within the definition of “Workmen” under the Workmen’s Compensation Act, 1923 as amended).
