WC Policy Is Compulsory
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Dear Gaurang Sheth,The Workers' Compensation (WC) policy of the contractor should cover the average number of workers employed by him on any given day. This is because, in the event of a claim, it will serve as proof/evidence.The Group Personal Accident policy i...
In case the employees are covered under the ESI Act, there is no need to opt for a W.C. Policy.For individuals earning more than Rs. 15,000/-, you can consider an Accident Insurance Policy to provide coverage in the event of an accident.
If your workplace comes under ESIC coverage, you must opt for ESIC; then it's not required to take a WC policy. If your organization is not under ESIC coverage, you should take a WC policy for all employees. You can easily determine if your organization is cover...
I am the IR in-charge of a reputed construction company. I want to know if we have a workmen's compensation policy at the site that covers all construction workmen under it. Additionally, we also have ESIC applicability at the site for all workmen who draw gross...
ESIC is compulsory where the coverage is applicable. Check with the ESIC office to see if your sites are covered. There is no option of not covering them.For all those not covered, both for locations outside ESIC coverage and those with wages above ₹15000, you a...
I am an IR in charge at a reputed construction company. I want to know if we have a workmen's compensation policy at the site that covers all construction workmen, and if we also have ESIC applicability at the site for all workmen who draw gross wages below 1500...
Please seek details before posting comments.1\. Whether the site is in an ESI-implemented area? If yes, employees drawing gross up to Rs. 15,000 per month need to be covered under ESI. If there are site employees drawing more than Rs. 15,000 per month, they need...
Difference between WC policy and ESIThe main difference between a Workers' Compensation (WC) policy and Employee State Insurance (ESI) lies in the coverage they provide. Workers' Compensation is a form of insurance that provides wage replacement and medical bene...
Hi,ESIC is applicable for employees who are receiving wages less than 21000/-. WC is applicable for other employees. If your area is not covered under ESIC, then WC is applicable to all employees. Feel free to call or revert for any assistance.
The Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996 is an Act to look after the welfare of the construction worker and conditions of the services. The government collects Cess @ 1% of construction value from...