Workmen Compensation Policy (WC) covers the liability of an employer for the death, disability and bodily injuries workers/employees caused accidental injury or death arising out of and during the course of their employment. It covers the liability of an Employer during such incident.
Scope of Cover - The policy, provides for two forms of insurance viz,
Table 'A' - Indemnity against legal liability to all employees (whether or not coming within the definition of the term Workmen) under the Workmens' Compensation. Act 1923 and subsequent amendment to the said Act prior to the date of issue of the policy, the Fatal Accidents Act, 1855 and at Common Law.
Table 'B' - Indemnity against legal liability under the Fatal Accidents Act, 1855 and Common Law. (Table 'B' policies may not be issued to cover employees who fall within the definition of “Workmen” under the Workmens' Compensation Act, 1923 as amended).
Workmen Compensation policy is for any employer of employees who do not qualify as “workmen” but share an employee-employer relationship.
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