Labour Laws & Ir
Admin & Facilities Incharge
let me clear you first that where ESI act will applicable workmen compensation will not be applicable,it means whosever is entitle benifit from ESI ,will not get any benifit from WMC act.
it is not necessary to take insurance against this act through any insurance companies,however you can take if you wish.
there is no need to have S B account for this purpose.
wormen compensation calculation doesnot have any relation with medical expenses.
25th August 2009 From India, Delhi
25th August 2009 From India, Bangalore
If your company is covered under the ESI Act, 1948 then you do not require to have any insurance coverage. If the employee is not covered under this Act then it is not compulsory to have any insurance/ personal accident insurance coverage for them but in that case if any liability accrues then the employer will have to borne that liability from his own account. We use to have W C policy/ insurance to avoid any sudden heavy burden on the pocket of the employer.
5th September 2010 From India, Delhi
I have one clarification.
I am working in a software industry and our company comes under shop & establishment act in tamilnadu.
My questions is if we engage a vendor or service provider for our company purpose like cleaning, AMC, etc. do they need to comply workman compensation policy as per local regulation in India? but those vendors have PF, ESIC as per local regulation.
Please help me with your valuable answer.
19th April 2017 From India, Chennai