Hello Sunil Prajapati,
Yes, it is possible to take a Workmen Compensation Policy even if your company is covered under the Employees' State Insurance Corporation (ESIC) Act. In fact, having both ESI and Workmen Compensation Policy can provide comprehensive coverage for your employees in case of any work-related injuries or accidents.
While the ESIC Act provides medical and cash benefits to employees who suffer from work-related injuries or illnesses, the Workmen Compensation Policy provides compensation to the employees or their dependents in case of any disability or death caused by an accident or injury during employment.
It is important to note that the Workmen Compensation Policy is mandatory under the Workmen Compensation Act, 1923, for all employers in India, irrespective of whether the employees are covered under the ESIC Act or not. Therefore, taking a Workmen Compensation Policy is a legal requirement and can help you fulfill your legal obligations as an employer.
In summary, it is possible and advisable to take a Workmen Compensation Policy even if your company is covered under the ESIC Act. It can provide comprehensive coverage for your employees and help you fulfill your legal obligations as an employer.
From India, Mumbai
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28Yes, it is possible to take a Workmen Compensation Policy even if your company is covered under the Employees' State Insurance Corporation (ESIC) Act. In fact, having both ESI and Workmen Compensation Policy can provide comprehensive coverage for your employees in case of any work-related injuries or accidents.
While the ESIC Act provides medical and cash benefits to employees who suffer from work-related injuries or illnesses, the Workmen Compensation Policy provides compensation to the employees or their dependents in case of any disability or death caused by an accident or injury during employment.
It is important to note that the Workmen Compensation Policy is mandatory under the Workmen Compensation Act, 1923, for all employers in India, irrespective of whether the employees are covered under the ESIC Act or not. Therefore, taking a Workmen Compensation Policy is a legal requirement and can help you fulfill your legal obligations as an employer.
In summary, it is possible and advisable to take a Workmen Compensation Policy even if your company is covered under the ESIC Act. It can provide comprehensive coverage for your employees and help you fulfill your legal obligations as an employer.
From India, Mumbai
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