A standard Workmen's Compensation policy protects employers against the following liabilities under the Act.
| Event | Compensation Payable | Basis |
|---|---|---|
| Death due to workplace accident | 50% of monthly wages × Relevant factor (or min. ₹1,20,000) | Schedule IV, WC Act |
| Permanent Total Disablement | 60% of monthly wages × Relevant factor (or min. ₹1,40,000) | Schedule I |
| Permanent Partial Disablement | % of PTD compensation × % of loss of earning capacity | Schedule I & II |
| Temporary Disablement | 25% of monthly wages per fortnight (max. 5 years) | Section 4(1)(d) |
| Occupational Disease | As applicable under Schedule III of WC Act | Schedule III |
| Medical expenses | Reimbursement of reasonable medical costs | Policy terms |
Permanent, contractual, temporary and casual workers — all covered under one policy.
Covers accidents occurring at the workplace, on site or during the course of employment.
Manufacturing, construction, logistics, hospitality, retail, IT and more — all sectors covered.
Covers reasonable legal costs incurred in defending employer liability claims before the Commissioner.
Any employer engaging workers in the occupations listed under Schedule II of the Employees' Compensation Act must compulsorily carry this insurance. Beyond legal mandate, it is simply the right thing to do for your workforce.
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