Why Workman Compensation Policy Matters for Your Business ?
September 16, 2024 ⚊ 1 Min read ⚊ Views 14 ⚊ BLOG
Learn why a Workman Compensation Policy is crucial for protecting your employees and safeguarding your business from potential risks. Expects every business to keep the work environment safe for its employees. The employer is legally liable to pay compensation. If an employee suffers an injury (leading to disablement) or death due to workplace accidents or illnesses during the scope of employment. The Workmen’s Compensation Act, 1923 clearly states to pay compensation to employees for each type of claim. A workers compensation insurance policy is an effective way to protect employees and save the company from statutory liabilities related to employee claims. Let’s get to know why is workman compensation important insurance and why has it become an integral part of businesses.
