Our housing society is planning to insure the guards, gardeners and electrician. Which policy do you recommend for them?
Preeti Arora, Noida
Your society as employers of night guards and gardeners is responsible for any accident or unfortunate happening while they are on duty. The liability in such cases is determined under the Workmen’s Compensation Act, 1923. Therefore, as employers, you should cover them under a Workmen’s Compensation (WC) policy. This policy will cover your society against any liability under the WC Act. Apart from this policy, you may cover them under a Personal Accident policy and a heath policy. Both personal accident cover and the health policy will require 24 hours of hospitalisation by the claimant.
