Dear All,
I would like to know whether it is compulsory for a Company to take employees compensation policy to cover liability against the employees or General Personal Accident Policy will suffice the requirement.
Manish Mehra (Associate Company Secretary) (47 Points)
16 May 2013Dear All,
I would like to know whether it is compulsory for a Company to take employees compensation policy to cover liability against the employees or General Personal Accident Policy will suffice the requirement.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 25 May 2013
Company is liable to pay compensation as specified under Employees Compensation Act in case of any claim. General Personl Accident policy will not serve the purpose. Hence it is advisable to have separate policy for claims under the Act.
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