Fatal Accident: Any injury or an accident leading to death of the worker during the course of employment
Non Fatal Accidents: Any injury or accident resulting in partial or permanent physical disablement such as loss of hearing, limb or sight
Employee compensation is specifically designed to cover injuries that arise from either employee or employer negligence
Covers death, permanent total and partial disability, and temporary disability of employees when at work
Contractual Employees: Can be covered as an extension if they are specifically declared under the policy
Medical Expenses: It can be covered with Per Employee and Aggregate Limit
Employee compensation is made to insure the employer against their liability towards the workers in case of injury at workplace
Despite all preventive measures, accidents can occur at the workplace. The Employee Compensation Act, 1923 provides for the payment of compensation by the employer to his employees (for their dependents in the event of fatal accidents) if personal injury is caused to them by accidents arising out of and in the course of their employment. We have designed the Reliance Employee Compensation Insurance Policy to assist employers during such events. Any employer, as a principal or contractor, can take this policy to cover the liability towards employees/dependents under the statute and common law
An injury, death, or disability occurring due to war, attacks, invasions, etc. is not the fault of an employer. Hence, the settlement for associated contingencies in case of wars and attacks does not need to be done by the employer.
Terrorist attacks on the business premises are not the responsibility of an employer. Hence, he is not liable to compensate the employee for any loss in case of terrorist attacks.
The compensation cover excludes costs paid to third parties that are not workers or employees. When hired third-party contractors, labourers, or consultants suffer an injury, disability or death then the Workmen’s Compensation Policy would not provide the coverage. This is because these employees are not full-time employees of the company.
The policy does not cover self-attempted injuries and suicide attempts by the employee. It only covers accidental injuries, not intentional ones.