A safe work environment attracts and helps to retain employees. Taking precautionary or safety measures can help protect employees, the business premises, property as well as equipment. Adhering to rules and complying with the relevant laws of the land is the premise for any business to sustain long term. Workplace safety compliance is essential for any business to function without any hindrances and create a positive brand image.
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Workplace safety is essential for every business regardless of size. All companies, a startup or corporate giants must incorporate safety in their workplaces. Workplace safety refers to the steps taken to limit workplace accidents, hazards, and other kinds of harm.
Typically, workplace safety directly affects the productivity of your workers and employees as well as their well-being, thus translating into a better quality of output for your business. Employers, therefore, strive to create a safe environment for their employees. Workplace safety is considered a moral responsibility of the employer toward his employee.
Workplace safety helps in:
Preventing workplace injury
Reducing stress
Improving overall productivity
Making employees or workers more aware of the workplace and tools
Helps in avoiding damage to machinery and tools
Workplace Safety Compliance in India
India has rigorous labour laws. One of the recent developments in this law is related to workplace safety in Indian business setups. To make the workplace safer, The Occupational Safety, Occupational Diseases, Health, and Working Conditions Code, 2020 (OSH Code) came into force. The Act replaces 13 old labour laws and mandates a practice for employers to establish safety protocols in the organization.
Let us look in brief, at the duties of the employer and the employee under the OSH Code.
Duties of the Employer:
Ensuring the workplace is free from hazards and complies with the government’s directives and the OSH Code
Providing free annual health examinations or testing to a particular class of employees
Maintaining a safe working environment without risk to the health of the employees
Ensuring that employees are not charged for maintaining safety and health at the workplace
Duties of the Employee:
Taking reasonable care for maintaining the health and safety of themselves and fellow workers at the workplace
Complying with the safety and health requirements
Co-operating with the employer in meeting the statutory obligations
Reporting situations which are unsafe or unhealthy to the employer
Ensuring that no activity is undertaken willfully that may endanger themselves or fellow workers.
Why Should You Buy Workers’ Compensation Insurance?
Regardless of the measures taken and duties diligently followed, there can still be some accidents at work which may lead to injury, disability or in some cases even the death of a worker. A workmen compensation policy provides the employer with legal liability coverage apart from financially assisting the employees in case of an unfortunate event. It typically is a compensation policy for employees who are injured at the workplace.
We share three main reasons why employers should buy Workman’s Comp Insurance
The insurance company covers the costs and expenses of the employer
To make sure the employee gets proper medical care and compensation for lost income.
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Conclusion
Workplace safety is a critical issue, both for the employer as well as the employee. Employees prefer healthy and safer work environments. Organizations following workplace safety compliance are considered trustworthy and create a positive brand image in the industry.
Disclaimer: Above mentioned insurers are arranged in alphabetical order. Policybazaar.com does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.
Thank you, PolicyBazaar, for providing such a positive experience and ensuring that well-being of my employees and business!
Lucknow
4 June 18, 2023
Shreaya
Provides Financial Security
I purchased Workmen Compensation Insurance from PolicyBazaar for my business owner looking to secure their employees' welfare and protect their business interests.Thankyou. Worth buying.
Hyderabad
3.8 June 08, 2023
Raman
Nice Purchase
I purchased Workmen compensation plan which turn out to be the good decision. Thanks PB.
Pune
4.3 May 26, 2023
Mayur
Multiple Benefits
I recommend purchasing Workmen Compensation Insurance from Policybazaar. Their user-friendly platform, diverse policy options, exceptional customer support and efficient claims processing make them stand out from the competition.Thanks. It was a good decision.
Delhi
4 May 21, 2023
Shivam
Great Plan
I recently bought Workmen Compensation Plan at policybazaar website which provides comprehensive coverage giving me peace of mind knowing that my employees are well protected in case of any unfortunate event.Thanks.
Pune
3.8 May 16, 2023
Vishal
Helpful Representatives
The team at PolicyBazaar were responsive, courteous, and extremely knowledgeable. I had a few questions regarding the coverage terms and the representatives were patient in addressing all my queries. Thanks.
Coimbatore
4 May 11, 2023
Aditya
Good Platformm
When it came to selcting the right Workmen Compensation Insurance, Policybazaar offered an impressive range of options from reputable insurers. I appreciated the comprehensive details avalable for each policy which helped me to take the better decisions. Thankyou.
Chennai
3.8 May 06, 2023
Dhiraj
Well Informed
I recently purchased Workmen Insurance plan from PolicyBazaar. The process was straightforward and I felt well-informed throughout, thanks to the clear and concise information provided.
Delhi
4.3 May 01, 2023
Abhiraj
Good Decision
I am absolutely delighted with the Workmen Compensation Insurance policy I purchased through Policybazaar. From start to finish, the entire experience has been nothing short of exceptional. I can confidently say that this is one of the best decisions I have made for my business.
Mumbai
3.8 April 30, 2023
Anam
Instant Protection Against Accidental Misshappening
I bought Workmen Compensation Plan from the Policy bazaar website online for our workers in my industry to get protetion aganst any Accidental miss happening caused to them. It offers amazing deals which provide them with medical coverage and help me to get instant protection against any loss. Thanks, PolicyBazaar.
*All savings and online discounts are provided by insurers as per IRDAI approved insurance plans. Premium varies on the basis of Occupancy, Business Activity & Coverage Type By clicking on "View Plans" you agree to our Privacy Policy and Terms Of Use and also provide us a formal mandate to represent you to the insurer and communicate to you the grant of a cover. The details of insurance coverage, inclusions and exclusions are subject to change as per solutions offered by insurance providers. The content has been curated based on the general practices in the industry. Policybazaar is not responsible for the factual correctness of these details.
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