WORKMEN’S COMPENSATION INSURANCE.
This protects you against your liability to employees, who suffer accident in the course of their employment in accordance with the provisions of the Workmen’s Compensation Decree – June, 1987.The major areas of Note are:
A WORKAN IS DEEMED TO BE ANY PERSON WITH A WRITTEN OR ORAL CONTRACT. There are very few exception ( sec. 1 sub-sec. 2). Employer’s liability is an absolute liability excluding serious or wilful misconduct.
Details of the compensation are:
Death – 42 months annual Salary
» Permanent Disability.
54 Months Annual Salary plus an additional compensation of up to 25% of the amount of compensation for total permanent injury, if the injury workman must have the constant help of another person.
» Permanent Partial Incapacity.
If the injury is one of those specified in schedule 11 of the Decree (i.e) Continental scale of benefits, the amount payable shall be a percentage scale of Benefits, the amount payable shall be percentage of the compensation which would have been payable in case of permanent total incapacity. However, in a case where the injury is not within the scale, a compensation, which appears to be in line with the schedule, would be paid.
» Temporary Incapacity.
If the injury experience is temporary, the employee would be paid his basic salary for six (6) months, if he cannot resume employment after he shall be paid half of the basic salary for the next three months and thereafter he shall be paid one-quarter (1/4) of his salary for another 15months.
» Medical Expenses.
An employer’s liability for medical expenses incurred by his workman is unlimited; however, the principle of reasonability is always applied.
However, it is necessary to re-emphasize that under the Decree, an employee who because of injury is unable to perform his duties for three days is entitled to claim compensation
To enable us advice on the premium payable, Kindly let us have the under mentioned information.
. Names of Employees
. Designation
. Total annual emolument |
