Workmen’s Compensation Insurance
Workmen’s compensation insurance implemented for the safety and rights of workmen working in the industry or in any factory. This workmen compensation insurance safeguards the employers from the unpredictable liability arises in respect of any worker met with an accident during the working hours at their industrial/factory site (working sites) then all such medical expenses of injury will be claimed from the employers by those suffering workers ( if that employer doesn’t take any insurance related to their workers).
The main benefits of this coverage:
- Occupational Death – Should a worker die as a result of a work-related injury, the member of his family shall be entitled to cash amount of his basic wage up to 24 months.
- Loss of Wages – If a worker is unable to work due to injuries, there is coverage for a cash allowance equal to his normal salary for up to six months.
- Permanent Disability – When a worker is permanently disabled, the cash amount is the same as the death benefit. It is given for a period of 24 months.
- Medical Expenses – When you are unable to work due to a work-related accident, the employer shall pay for the cost of treatment in a government or private approved medical center. This includes all medical services such as rehabilitation equipment and medicines.