Every construction site aims to guarantee the safety and well-being of its workers to ensure smooth operation during working hours. Therefore, they purchase workmen's compensation insurance that provides coverage to the workers against bodily injuries sustained during the work. Thus, the employer should familiarize themselves with the value-added services offered in workmen's compensation.
The insurance companies allow the employer to extend the coverage of the workmen's insurance policy. The employer may make some additions to the existing workmen's compensation insurance. Here are the value-added services provided under workmen compensation insurance.
Normal workmen's compensation insurance offers coverage to the employees. However, an employer may make some add-ons and extend the purview of the policy to the subcontractor. The subcontractor plays a crucial role in the overall development of construction work. Therefore the subcontractor can also get coverage under this add-on.
Normally, workmen's compensation insurance does not provide coverage for severe disease or injury. However, upon the allocation of more premiums, the employer may push the policy towards covering severe diseases.
Like other policies, the workmen's compensation policy does not provide any coverage in case of war or nuclear explosion. However, after adding this particular add-on, the worker can get coverage for sustained injury due to terrorism.
A workman may not avail of the treatment for diseases as mentioned under part C of Schedule III of the act. Such diseases are Silico tuberculosis, extrinsic allergy, bagassosis, pneumoconiosis, etc. However, under policy extension, a workman may avail of treatment for such diseases mentioned or listed under part C.
The contractual employees do not cover under the workmen's compensation policy. However, under the policy extension, they may also avail of the aforementioned services.
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Conclusion
Value-added services in workmen compensation are available to the workers. The employer may add such services by paying some extra premium. Every employer must abide by the workmen's compensation act and do the needful for their workers.
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