ICICI Workers Compensation Insurance

ICICI Lombard Workmen Compensation Insurance Inclusions 

This policy protects employers by covering their legal responsibilities for workplace injuries, disabilities, or employee fatalities. Coverage is provided under:

1. The Employee's Compensation Act, 1923, including amendments up to the date of policy issuance.
2. Common law, within the agreed indemnity limits.
3. The Fatal Accidents Act, 1855, ensuring compensation in case of fatal workplace incidents.

What Does the Policy Cover?

• Compensation for accidental death, permanent total or partial disability, and temporary total disability caused by workplace incidents.
• Protection against occupational diseases as listed under Schedule III of the Employee's Compensation Act.
• Coverage for contractors, subcontractors, and employees engaged in the insured's business.
• Medical expenses for surgical procedures requiring hospitalization for more than 24 hours.

The policy applies when an employee is injured while actively working for the employer and not engaged in personal activities. A valid employer-employee relationship is necessary for coverage to be applicable.

ICICI Lombard Workers Compensation Insurance Claim Process

To initiate a claim under Employee Compensation Insurance, follow these steps:

1. Notify the Insurer – Immediately inform the insurance provider in writing about the accident, injury, or fatality involving the employee.
2. Verification Process – The insurance company will assign an investigator to assess the claim's validity.
3. Gather Required Information – Collect all relevant details and supporting documents related to the incident.
4. Submit the Claim – Fill out the claim form and provide essential details, including:
• Policy number
• Insured's name
• Injured employee's name
• Date and nature of the accident
• Type of claim (injury, disability, or death)
• Brief accident description
• FIR copy (if applicable)
• Other necessary documents requested by the insurer

Documents Required for Purchasing ICICI Employee Compensation Insurance

Make sure you have the following documents ready to purchase ICICI Lombard's Workers Compensation Insurance:

• A duly completed proposal form signed by an authorised representative of the company clearly stating the nature of business operations.
• Employee records, including the total number of workers and their respective job roles.
• Salary or wage details of all covered employees.
• Any additional documents requested by the insurer as part of the underwriting process.

Preparing these documents in advance ensures a smooth and hassle-free policy issuance process.