Workmen's Compensation Policy
This policy covers the legal liability of an Employer to an unlimited extent, under the Workmen's Compensation Act, The Fatal Accidents Act, and at Common Law. This liability devolves statutorily on the employer if his employee, falling under the purview of the definition of "Workman", suffers death, bodily injury (both temporary and permanent), and disease arising out of and in the scope of his employment.
Why Tata AIG?
Indian multinationals who have Workmen's Compensation needs in various countries around the world can opt for global policies from Tata AIG, which leverage AIG's presence in more than 130 countries. Tata AIG can issue locally admitted and non-admitted policies as per the demands of the jurisdiction in which the multinational operates.
Who should buy?
All manufacturing units with employees who fall under the purview of the Workmen's Compensation Insurance Act, 1923 have Employers' Liability exposures under the Act. All business organisations have Employers' Liability exposures under Common Law and such organisations form the target market for this class of business.
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