Workmen’s Compensation Policy is a type of insurance policy that provides compensation to employees in case of any injury or illness that arises during the course of their employment. Employers have a legal liability towards employees for such injuries or illnesses, as defined under the Workmen’s Compensation Act. This policy enables employers to reduce the uncertainty of the amounts they may be called upon to pay as compensation to the certainty of the insurance premium.

The Workmen’s Compensation policy covers the following:

• Death or injury caused to employees due to accidents arising out of and in the course of employment.
• Occupational diseases arising out of and in the course of employment.
• Legal costs and expenses incurred by the employer in defending a claim for compensation.