It’s form of insurance providing wage replacement and medical benefits to employees injured in the direction of employment in exchange for mandatory relinquishment of the employee‘s proper to sue their employer for the tort of negligence.
Covers available under the workman compensation insurance policy
Mainly the benefits offered by the policy chosen by the employers, here are some of the event which is covered
- Permanent total disablement
- Permanent partial disablement
- Temporary disablement
- A legal costs incurred if any
Exclusion of the policy
Though the policy aims to offer wide legal liability coverage, there are some events which are not covered:
- Any injury caused by accident or disease directly linked to war invasion and other perils.
- Any injury or accident which does not cause a fatality or partial disablement for a period exceeding three days.
- liability toward contractors employees, unless specifically mentioned.
- The accident arises under the influence of drugs or alcohol.
- If there is a disregard for the safety measures.