Dear All:
Our company is registered under shops & establishments act. I wanted certain details with regard to workmen's compensation in the event of an accident while the employee is on duty whether in or outside the premises of the company.
Our work conditions does not have any scope for occupational diseases. Now we wonder if a personal accident policy would suffice to cover the liability of the company in the above case?
I guess legally it does not really cover the liability but could be worked out with a mutual agreemnt with the employee by taking his consent in writing that in such events, the compensation from the insurance company shall be treated/hold good as the the compensation from the employer and that he will not approach the labour court for any further compensation from the employer.
I would like to know if any of the companies are doing this and if yes, what is the format of agreement?
To my knowledge the highest limit of compensation under WCA is 4 laks.
Please correct me if I am wrong at interpreting WCA in any way.
Thanks and looking forward to a valuable response at the earliest.
Shradha
Our company is registered under shops & establishments act. I wanted certain details with regard to workmen's compensation in the event of an accident while the employee is on duty whether in or outside the premises of the company.
Our work conditions does not have any scope for occupational diseases. Now we wonder if a personal accident policy would suffice to cover the liability of the company in the above case?
I guess legally it does not really cover the liability but could be worked out with a mutual agreemnt with the employee by taking his consent in writing that in such events, the compensation from the insurance company shall be treated/hold good as the the compensation from the employer and that he will not approach the labour court for any further compensation from the employer.
I would like to know if any of the companies are doing this and if yes, what is the format of agreement?
To my knowledge the highest limit of compensation under WCA is 4 laks.
Please correct me if I am wrong at interpreting WCA in any way.
Thanks and looking forward to a valuable response at the earliest.
Shradha