Workers Compensation

Protect Your Workforce and Your Business

A employee compensation policy cover the legal liability of an employer to provide compensation to its workmen in case of their death or accident. Also know as employee compensation or labor insurance.

It applies to workmen employed in factories, mines, plantations, transport establishments, construction work, railways, ships, circuses, & other hazardous occupations & employments specified in Schedule II to the Act.Every employee, including those employed through contractor are also covered. The coverage of this act is also to cooks employed in hotels and restaurants. The Act extends to the whole of India.

The Act does not apply to members of Armed Forces of the Union & workmen who are covered by the ESI Act, 1948.

The compensation to be paid by the employer depends upon the age of the employee, nature of injury and the average monthly salary or wages paid to them. However the minimum & maximum rate is fixed for death & disability, subject to timely revision.

ENQUIRY

Why Choose SmartFinServe?

  • Quick policy setup for all industries
  • Guidance on legal compliance & claim filing
  • Transparent claim assistance
  • Competitive premium options

Documents Required to Apply :

  • Company PAN Card
  • GST Certificate
  • Nature of Job
  • Working Site
  • Labours : No of employers with Break-ups
Download the document, fill the required details and  print the details in letter head.
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To pay the compensation the insured employer is legally liable to pay to his employees and their dependents due to the death or injury caused by accidents or diseases contracted due to the work and during the course of the employment.

To fulfill the insured employer’s liability arising either under:

  • The Employees Compensation Act, 1923
  • The Fatal Accidents Act, 1855
  • Common Law
  • Bodily injury caused by accident during the course & scope of the employment.
  • Bodily injury caused by disease or aggravated by the conditions of the employment.
  • Death or temporarily disablement.
  • Permanent total or permanent partial disablement
  • Non-fatal injuries
  • The initial 3 days of disablement
  • Injury caused due to war, Strike
  • Accident or injury caused under the influence of alcohol or drug
  • Willful disobedience of the workman to an order expressly given, or to a rule expressly framed, for the purpose of securing his/her safety.
  • Willful removal or disregard by the workman of any safety guard or other device which he knew to have been provided for safety purpose.

Death:
50* monthly wages* Relevant factor of age or 120000 whichever is higher.

Permanent Total Disability:
60* monthly wages* Relevant factor of age or 140000 whichever is higher.

Permanent Partial Disability:
40% of 60* Relevant factor of age.

Temporary Disablement:
The amount of compensation shall be a half monthly payment of the sum equivalent to 25% of the monthly wages of the workman.

  • Medical expenses
  • Occupational Diseases
  • Coverage for Contractors Workers, Sub Contractor Workers / Employees
  • Claim Form
  • Attendance Register
  • Wage Slips (register)
  • Document confirming age proof
  • FIR & PM report (in case of death fatal injury)
  • Form A filled & duly discharged by WC commissioner
  • Address Proof of deceased and legal hire of deceased.
  • Disability Certificate from Doctor
  • Intimation letter to EC/Labor commissioner
  • Attendance records in case of TTD

Workmen’s Compensation Policy

Key Highlights

Key Feature Description
🛡️ Protection Against Workplace Injuries Covers medical expenses, disability, and accidental death benefits for employees injured during work.
⚖️ Mandatory Legal Compliance Helps employers comply with the Workmen Compensation Act and avoid legal liabilities.
💼 Financial Security for Employers The insurer pays compensation, reducing financial burden on the employer.
👷 Covers All Types of Employees Applicable to skilled, unskilled, contract labor, drivers, cleaners, helpers, and more.
🏥 Medical Expenses & Hospitalization Covers hospitalization, emergency care, and ongoing treatments as per policy terms.
📅 Weekly Compensation Ensures income protection for employees until they recover.
⚰️ Death & Permanent Disability Benefits Provides lump-sum compensation to affected employees or their families.
📜 Court & Legal Liability Coverage Covers legal expenses related to employee injury claims.
🔧 Customizable Plans Add-ons like medical expenses, occupational disease cover, and contractor coverage can be included.
🤝 Builds Trust & Employer Reputation Shows you care about your employees, increasing loyalty and satisfaction.
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