The Workmen Compensation Act of 1923 is brought to assist employees to avail of compensation for injury caused during employment. The employer may purchase a workmen's compensation policy to provide medical treatment to the employees. Further, the policy also provides appropriate compensation to the family of the workman on his demise.
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The worker cannot present an appeal or file a lawsuit for not having a worker's compensation policy or liability insurance. The employer is considered to be the guardian of workers during their employment. Therefore, the employer shall be responsible to provide coverage for the damages caused to the workers. In addition, the law mandates the employer to offer appropriate damage or compensation to their employees.
The compensation under workmen compensation insurance varies from one state to another.
For example, many states provide two-thirds of the total monthly wages of the workers.
The Workmen or Employee's Compensation Act of 1923 grants the following rights to the workmen.
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Conclusion
An employer must purchase liability insurance or a workers compensation policy to provide appropriate compensation to the employees. The workmen compensation act mandates that employers having more than 20 employees buy liability insurance. The employer may present an appeal for the damages caused to him during employment. However, they cannot sue the employer for not having workmen's compensation insurance.
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