What is Labor Insurance?

Labor insurance serves as a vital safety net for workers, offering financial compensation in the face of various employment related risk. this comprehensive policy cover a spectrum of potential hazard including workplace injuries, illness, disabilities and even fatalities. the core objective of labor insurance policy is to ensure the workers recieive essential benefit, including coverage for medical expenses, replacement income during period of incapacity and acess to rehabilition services.

Why Do you need Labor Insurance?

Here are some of the reasons-

• Labour insurance provides financial support during workplace related emergencies.
• it offer a buffer against unexpected events, ensuring stability for workers.
• Labour insurance is mandatory in many juridiction ensuring adherence to legal requirement.
• It demostrate employer commitment to worker welfare fostering a positive work environment.
• it contribute to social stability by supporting workers and their families during time of need.

What does policy cover?

labor insurance cover-

• injury caused due to an accident during employment 
• Partial and permanent disability
• Temporary disability or fatality
• legal cost as well as expense incurred with the company consent.

Labor Insurance Add on

Additional feature-

• Subcontractor cover- if a contractor engage a subcontractor who lack employee compensation coverage the contractor has the option to include subcontractor coverage on add on.
• Medical extenstion – employee have the option to include a medical extension add on. however it is applicable only if a worker is hospitalized for more than 24 hours.
• Terrorism Coverage – the labour insurance policy offer an add on for terrorism providing coverage for losses or damage resulting from terrorist attack.