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Putting your Employees First

Workmen Compensation Insurance Policy

Features & Benefits

  • Requirements

    The start and growth of all small to big firms is based on their employees and the work that they deliver. Among the many factors that drive the functionality of your employees, their safety and security plays a major role. With mishaps being part and parcel of the workplace, it is only natural that the ‘Employer’ assists the employee by compensation for the loss.

  • Benefits

    An Employees’ Compensation Policy has been devised with a view to assist you in taking care of your employees if any unfortunate incident were to ever arise. Under the Employees’ Compensation Act, 1923 and its ensuing amendments along with the common law, this policy covers physical injury and death resulting from an accident due to and during the employment.

  • Scope of Cover

    Adhering to what’s prescribed in the Employees’ Compensation Act, this policy protects the insurer against their obligations as employers, for injuries caused to the employees at the workplace. With the payment of an extra premium, the coverage gets extended to surgical, medical and hospital expenditures, including transportation expenses to the hospital.

  • Insurable Wages

    The insurable wages to be paid to the employees serve as the base of premium calculation, and must be stated for the chosen policy period.

  • Premium

    The sum of the premium depends on factors like the kind of work, category of employee and the amount that has been insured.

Please read the policy wordings. for more information.​​​*Terms & Conditions apply.​​

Coverage

Any employer, contractor or principal that appoints or involves employees as stated in the Employees’ Compensation Act, or shares an employer-employee relation is eligible to buy this policy.

The insurance policy that we provide protects you against any obligations that you may have as an employer for the physical injury or death caused to your employee due to or during the employment.

However, on payment of an extra premium, you get to attain coverages like –

  • Medical expenditures, including that of surgical and transportation to the hospital, occurring during the employment for those who are covered under the policy.
  • Obligations towards the employees of contractors

This is not an exhaustive list. For a detailed list of inclusions & other details, please read the policy wordings.

The risks that may not be covered under the policy include –

  • Incapacity or death of an employee arising from his/her purposeful self-injury or purposeful intensification of an accidental injury
  • Any mishap arising when the employee is under the influence or a drug or intoxicant of any kind
  • Obligation of the insured assumed under an agreement
  • Obligation to the employees of contractors of the insured (unless stated precisely)
  • Interest and/or penalty imposed on the Insured under any law or otherwise
  • War, terrorism and nuclear incidents

This is not an exhaustive list. For a detailed list of exclusions​& other details, please read the policy wordings.

Why Commercial Insurance

Listen to Our Customers

The Client has highly appreciated the inputs and report from Mr. Sudhanshu.
Its because of him we were able to convince the client to move to Liberty along with local sales support.​

Rohit Kapoor

We find the report is very exhaustive in bringing out the risk exposures and the works the client has to carry out for risk elimination. Surely the client will be benefited by the suggestions you have put forth.​

Gurudutt

The contents of your newsletter are quite interesting and informative.

This will help in creating awareness in the industry about the loss prevention and good maintenance.

Thanks for the good work you are doing.​

M.Rajaram

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Registration Number: 150 | ARN- ADVT/2017/May/22 | CIN: U66000MH2010PLC209656

© 2017 Liberty Videocon General Insurance Co. Ltd.

Reg Office: 10th floor, Tower A, Penisuala Business Park, Ganpat Rao Kadam Marg, Lower Parel, Mumbai - 400013

Trade Logo displayed above belongs to Liberty Mutual and used by the Liberty Videocon General Insurance Company Limited under license. For more details on risk factors, terms & conditions please read sales brochure carefully before concluding a sale.