Unnamed Labour Insurance

This is also known as Workmen’s Compensation Policy. It is a commercial insurance policy that covers the legal liability of an employer to provide compensation to its workforce in case of their death or accident. This insurance enables employers to meet their obligations imposed by the Workmen’s compensation act.

Why is Workmen Compensation / Labour Insurance required?

• To pay the compensation that the employer should pay to the labour or their children on the event of accident or death of the workman due to work or during the course of employment.
• To fulfil the insured employer’s liability under the law
• To cover the costs of the employer with the consent of the insurance company to defend any additional claims.