Employees Compensation Insurance Policy

Employee Compensation Policy is issued to indemnify the employer in respect of the liabilities arising on account of legal liability arising on the part of the employer to provide compensation to the affected worker for Death, bodily injury (both temporary and permanent) arising out of and in the course of employment under the following Acts-

a. Workmen’s Compensation Act 1923

b. Fatal Accidents Act 1855

c. Under Common Law

WC policy provides cover in respect of payment of all the legal costs and expenses incurred with the insurance company’s consent. The policy can also be extended to cover medical expenses following such accidental death/injury to the employee arising out of and in the course of employment.

WC policy provides indemnity to the insured (employer) in respect of legal liability towards employees / workmen arising during the course of employment on account of:-

1. Death

2. Bodily injury both temporary and permanent in nature.

WC coverage is provided in 2 forms i.e. vide Table A & Table B as under:-

Table A – Under this table, coverage is provided in respect of employees / workmen as per following Acts:-

1. The Workmen's Compensation Act, 1923 and subsequent amendments of the said Act prior to the date of issue of the Policy.

2. The Fatal Accidents Act, 1855, and,

3. Common Law.

This table provides insurance coverage in respect of the any class of employee irrespective of whether or not the employee comes within the purview of the definition of the employee as per Workmen’s Compensation Act 1923.

Table B – This table covers legal liability of the employees falling under following Act:-

1. The Fatal Accidents Act, 1855 and,

2. Common Law

This table cannot be issued to the employees falling within the purview of The Workmen's Compensation Act, 1923.

Premium rate chargeable under the policy will depend on the trade classification of the employer based on the hazard levels of trade.

1. War, nuclear and allied perils

2. Insured’s liability for contractor’s employees unless specifically opted for under the policy.

3. Liability attaching by virtue of an agreement.

4. Liability arising from compressed air sickness unless specifically opted under the policy.

5. Any sum which the insured would have been entitled to recover from any party but for an agreement between the insured and the party. (Contractual Liability)

In the unfortunate event of any claim under the policy, please intimate IMMEDIATELY to our Call Centre at Toll Free Numbers: 1800 200 4030 or 1800-22-4030 or Email at contactus@universalsompo.com. Please note that no delay should be allowed to occur in notifying a claim on the policy as the same may prejudice liability.

The documents can be scanned and sent across to enable us to start with the claim process. Once we receive the originals the process would be complete

The documents have to be dispatched to the below address:

Universal Sompo General Insurance Co.Ltd. Unit No.601 & 602, 6^th floor, Reliable Tech Park, Thane-Belapur Road, Airoli, Navi Mumbai – 400708

Contact Details:

Name of the company: Universal Sompo General Insurance Company Limited

Registered & Corporate Office: 8th Floor and 9th Floor (part - south side),Commerz , International Business park, Oberoi Garden City, Off Western Express Highway, Goregaon East, Mumbai- 400063 Tel: 022-44759801 , 022-69979900

Note: The above is only a summary. Please read the policy wording carefully for complete details.