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The employee compensation insurance is the primary method by which an employer can demonstrate the ability to satisfy the obligations imposed by the employee's compensation statutes.
Key Feature
Legal liability to pay compensation for personal injury by accident or disease arising out of and in the course of employment by the insured in the Business and if the Insured shall be liable to pay compensation for such injury either under the Law(s) set out in the Schedule or at Common law
On payment of additional premium, the following coverage can be opted:
Coverage for Medical Expenses
Coverage for Occupational Disease
Coverage for Contractors workers/employees
Coverage
This Policy indemnifies the Insured in respect of:
The Company will indemnify the Insured against all sums for which the Insured shall be so liable and will in addition be responsible for all costs and expenses incurred with its consent in defending any claim for such compensation that may arise during the period of insurance due to any employee in the Insured's immediate service sustaining personal injury by accident or disease arising out of and in the course of his employment by the Insured in the Business
Basis of Indemnity
As per Employees Compensation Act, 1923 and the amendments thereof and liabilities incurred by the insured under Common Law only up to limit of indemnity agreed
Exclusion
This Policy shall not cover liability of the Insured:
For Injury caused to Employee by accident directly or indirectly caused by or arising from or in consequence of or attributable to war, invasion, act of foreign enemy, hostilities (whether war be declared or not) civil war, mutiny, insurrection, rebellion, revolution or military or usurped power, nuclear weapons material, ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel.
Accidents occurring at any other place than the Place or Places of Employment specified in the Schedule, unless the Employee was at such other place whilst on duty for the purpose of Business and on the directions of the Insured or any of its official authorized to exercise control and supervision over the Employee.
For Occupational Diseases contracted by an Employee
For interest and/or penalty imposed on the Insured under any law or otherwise.
Under any Law for medical expenses in connection with treatment of any Injury sustained by an Employee
For persons employed in the Business under a Contractor or Sub-Contractor of the Insured unless specifically covered in the Schedule
For Injury sustained by person whilst in the employ of the Insured otherwise than in the Business and/or who has is not declared for insurance under this Policy.
Assumed by agreement which would not have attached in the absence of such agreement
For any sum which the Insured would have been entitled to recover from any party but for an agreement between the Insured and such party.
For any accident occurring whilst the Employee is under the influence of intoxicating liquor or drugs.
For any incapacity or death of an Employee resulting from his/her deliberate self-injury or the deliberate aggravation of an accidental Injury.
