Every business’ main goal is to keep its workers safe while they are at work. Accidents do happen, though, and sometimes it’s not always possible. While it is not always simple to protect your personnel from accidents and injuries, it is nevertheless possible to make sure they are protected against lost wages and high medical costs in the event that such an occurrence occurs. Workmen Compensation Policy serves just that purpose.
This policy pays for medical expenses and typically a portion of missed wages in the event that an employee becomes ill or injured while on the job and is rendered unable to work as a result. This kind of insurance policy covers the following conditions:
- accidents brought on by slips, stumbles, and falls
- injury brought on by faulty or improperly used equipment
- Fire or corrosive substance burns or other injuries
- injuries brought on by faulty or falling equipment
- accidents brought on by bending or lifting
- Chronic strain injuries
- Any illness or injury brought on by your company’s mistakes or negligence
Your company is protected by this insurance from any costs associated with compensation, hospitalisation, medicine, and treatment of disease and injury, as well as funeral expenditures in the event of a death. Both employees and employers will have complete peace of mind with this policy. It also helps you discover the best care for any handicapped staff members and make sure they can obtain it without having to pay out of pocket. This policy assists you with the financial implications of worker illness, accident, or death. Additionally, as is common knowledge, the strain and issues that might occur from worker illness or injury.
The main exclusions of this policy are:
- Any accidental or medical condition that can be directly linked to a war, invasion, or other risk
- Responsibility for the workers of the contractor
- Any obligation that resulted from a contract that would not have existed without it
- Any amount that the insured would have been entitled to recover from a third party but for the contract between the insured and the third party.
Doctor Professional Indemnity Insurance
In our culture, people place more confidence, faith, and believe in doctors than they do in God. They cure a patient by applying their expertise and knowledge to end their suffering. They face risks at every step of the therapy procedure; therefore this is not simple for them. Any negligence, carelessness, failure, or inability to do their duties could end their lucrative professional career and cause them great financial trouble. Better protective measures are required for doctors.
Exclusions of this Insurance are:
- Prior Issues and Notifications Known
- Legal Responsibility
- Patent & Trade Secret Prior Claims/ Situations Insolvency
- Before Acts or situations
- Employer Behavior Violation
- Fines, penalties, punitive damages, etc. when insured versus insured
- Pollution
Doctor Professional Indemnity Insurance is a type of professional liability insurance for doctors that pays for any damages or costs that may be awarded in the event that they are found to have been negligent in rendering professional services that result in the customer losing money.
