Workmens Compensation Insurance
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What is Workers' Compensation Insurance?
Workmen's Compensation Insurance also covers occupational illnesses and disability due to workplace injuries. The policy covers blue-collar, white-collar, and offshore workers.
Who Needs Workers' Compensation?
Workers Compensation is legally payable to employees who suffer any injury, illness, disability, or death due to their work. So workmen’s compensation policy is required in most of the free zones in the UAE. Some of the businesses that need this policy are:
Businesses that are highly labor-intensive such as logistics, transportation, mining, and construction
Businesses that depend on high-quality human capital, like banking, IT, hospitality, and consulting companies
Businesses that engage a huge number of contractual workers
Common Risk Scenarios in Workers' Compensation
The employer is legally liable to pay workers compensation for any injury, illness, or fatalities suffered by the employees at the workplace. Some of the common risk scenarios are:
Injury and disability while operating heavy equipment or machinery
Injury from moving & handling heavy objects
Injury, disability, or death due to employer’s negligence
Accidental slips & falls at the workplace
Constant exposure to toxic chemicals or hazardous conditions
Accidents during work-related travel
Injury, disability, or death caused by co-workers
Muscular disorders due to repetitive motions
Inclusions of Workmen's Compensation Insurance
The Workmen’s Compensation Insurance UAE includes the following aspects:
- Medical treatment expenses of employees who face any injury, occupational illness, or disability during work
- Disability cover to compensate for lost wages of employees who are unable to work
- Death benefits to beneficiaries of employees who die due to any work-related incident
- Employer's compensation insurance protects employers from financial losses due to workplace accidents
Exclusions of Workmen's Compensation Insurance
Employers should take note of the following exclusions in the Workmen’s Comp. Insurance:
- Self-inflicted injuries or injuries caused deliberately by the employees are not covered by workmen comp insurance
- Injuries due to negligence or disregard of safety rules by the employees
- If the employee is under the influence of alcohol or drugs during the accident
- Accidents that occur outside the workplace during non-working hours are excluded
- Pre-existing diseases or health conditions of employees are not covered under workers' compensation insurance
- Employees of contractors are not covered unless they are covered separately
- Liabilities assumed under an agreement between the employer and the employees
- Injuries, disability, or death by riots, strikes, war, and terror attacks are not covered by workmen's insurance policy
How Much Does Workmen's Compensation Insurance Cost?
The premium for a workmen’s compensation insurance policy depends on various factors like:
Nature of your business
Number of employees in the business
Salary/wages payable to employees
Claims history of your business
Size and scale of your business
Location of business activities
Adherence to safety rules & regulations
The premium may cost a few thousand dirhams every year for small businesses. Large businesses carry much bigger risks, and the premiums are priced accordingly. Prominent Insurance Brokers offers you tailor-made insurance policies at highly affordable premiums.
Benefits of Having Workmen's Compensation Insurance
Workmen’s compensation is essential for both the employer and the employees. The significant benefits are as follows:
Legal Claims
The insurance policy protects the employers from the legal claims of the affected employees
Injured
WC insurance provides financial security to the injured employees and their family members
Labour laws
The policy helps your business to satisfy the labor laws and related statutory compliances
Accidents
Workmen compensation policy helps to reduce the costs of workplace accidents
Employees
It helps your business to attract & retain the best employees
Confidence & Security
This policy provides a sense of confidence & security to employees engaged in high-risk activities
How to Buy Workmen's Compensation Insurance Online?
Step 1
Visit the official website of Prominent Insurance Brokers . Enter your details in the workmen’s compensation insurance get quote form.
Step 2
Once you provide all the required details in this form, click on the 'Submit' button.
Step 3
It is our team's responsibility to explain everything about the policy wording and assist you in choosing the best workers' compensation insurance for your needs.
Step 4
If you have any questions regarding workmen's compensation insurance in UAE, you may also contact our team by clicking on the Whatsapp icon on this page.
FAQ's about Worker's Compensation Insurance
Workmen’s compensation insurance policy compensates the employees for injuries & fatalities at the workplace. The policy also protects the employers from the legal & financial claims filed by the affected employees.
Workmen’s Comp. Insurance is required for most of the free zones in UAE. Every business that is labour-intensive needs this policy.
Compare the features, benefits, and premiums of different workmen comp insurance policies. Study the insurer’s track record of operations and claims settlement. Look out for positive reviews & feedback about customer service.
Prominent Insurance Brokers offers the best deal guarantee with an option to customize insurance policies based on your needs.
Yes, the workmen’s compensation insurance coverage extends to contract workers only if they are specifically declared under the policy.