Bajaj Allianz Workmen Compensation Insurance protects employers by covering their legal liabilities for workplace injuries, illnesses, or accidents affecting employees. In the event of a work-related injury or disability, the policy provides compensation in accordance with applicable labor laws. It helps employers manage medical costs, disability payouts, and death benefits, ensuring financial protection while prioritising employee welfare.
The Workmen's Compensation Insurance Policy provides coverage for:
The add-ons under the Bajaj Allianz WC policy are as follows:
Note: Additional benefits are also available based on policy terms and chosen coverage options.
The exclusions under the Bajaj Allianz Workers Compensation Insurance are as follows:
a) Injuries caused to an employee due to war, invasion, civil war, rebellion, nuclear material, or radiation exposure.
b) Accidents occurring outside the specified workplace unless the employee was on duty and acting under the employer’s instructions.
c) Occupational diseases contracted by the employee.
d) Interest or penalties imposed on the employer under any law.
e) Medical expenses for treating employee injuries unless covered by law.
f) Injuries to workers employed by a contractor or subcontractor unless specifically included in the policy.
g) Injuries to individuals not declared for coverage under this policy.
h) Liability assumed under an agreement that wouldn’t apply otherwise.
i) Claims that the employer could have recovered from another party if not for an agreement between them.
j) Accidents occurring while the employee was under the influence of alcohol or drugs.
k) Injuries or death resulting from the employee's deliberate self-harm or intentional worsening of an injury.
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