Workmen Compensation Insurance

Workmen Compensation insurance

 

As per the Employee's Compensation Act, an employer is liable to pay compensation if personal injury is caused to an employee due to an accident arising out of and in course of the person's employment. When a company takes a Worker Compensation Policy (also called WC policy), the insurance company will make the payment to the worker instead of the company. The compensation payable to the injured employee will be determined by the labour court and will be paid by the insurance co as per the policy conditions.