EMPLOYEE’S COMPENSATION INSURANCE

Not compensating can lead to legal issues, affecting employee confidence and the business's reputation. Employee’s compensation insurance (commonly known as WC policy or WC insurance) helps financially, covering compensation and legal costs. It also protects against lawsuits, as employees usually give up the right to sue for workplace negligence when accepting benefits. Previously known as Workmen Compensation Insurance, it ensures both businesses and employees are financially protected. Employee’s Compensation Insurance helps you financially safeguard your employees and their families against unfortunate workplace accidents and mishaps. Most importantly, it presents you as a thoughtful and caring employer who values his workforce, an asset for any organization.

Group health insurance, as the name suggests, offers coverage to a group of people. It generally covers employees of a company or members. A group health insurance policy plays a vital role in ensuring employees' well-being by offering financial protection against medical expenses.

Affordability is a significant benefit of group health insurance. The premium of group health plans tends to be lower than individual health insurance plans. This makes it a cost-effective option for both employers and employees.

Group health insurance plans generally offer extensive coverage for various medical expenses. This includes hospitalisation, surgeries, medications and even post-hospitalisation expenses for certain days. Some plans may also offer coverage for outpatient treatments.