In our factory, we typically mandate for every contract workman entering the plant earning less than 15000 to have an ESI registration.
For contract workmen earning more than 15000, we simple ensure that they have some other medical insurance policy (generally coverage is 1 lakh mediclaim and upto 4 lakh for group accident policy). In this case, will we have any liability as Principal Employer in case an accident occurs inside the plant?
As per WC Act for youngest employee with accurate calculation the compensation is Rs. 11,00,000 approximately.
Thus your PA cover shall be more than 11 lakh. Else simply take WC policy as it will also cover elements like heart attack in office, paralysis which will not be covered by PA policy. I sure on this but as it is sensitive issue will advise to talk to Lawyer and highly expert Insurance advisor.
He have small vendors providing manpower for temporary work (sometimes for just 2-3 hours) for temporary tasks, for instance to repair some furniture or some waterproofing work. In most cases, these people donot have PF ESI registration. How should we handle such cases.
Second question: In our company, all employees earning more than 15,000 are covered under Mediclaim Policy with coverage of 1.5 lakhs and Group Accident Policy with maximum coverage of upto 10.5 lakhs. But we have not taken WC policy. Does that mean that we'll be liable to pay for treatment in case any accident takes place within the company?
I am working as a HR in an reputed underground mining contract company, we are dealing with different types of works on 24x7(3shift perday)and we are having different work orders for each work, for Ex; I have two work orders i.e X and Y, in X work order we are having 19persons and in Y work order we are having 5persons, now my question is
1.labor license applicable or not?
2.Reg WC policy:
as I mentioned above X company I have 19 members ,but we need only 5workers in each shift to carry on my work,now I want to take wc policy with basic of Rs.8000/- for 5persons and with Rs.2000/- basic wage for 14 members(Total 5+14=19) to reduce payable premium burden ,on my company, is it lea gel or not?
In our factory in Gujarat, we have WC policy and also we cover employees with Mediclaim, PA and Term Life policies. These policies are better than WC policy coverage / benefits.
Is it mandatory to have WC policy even if better benefits are provided to employees?