Workers are at risk of injury in just about every industry; providing a safe and secure work atmosphere is an important responsibility of an employer. Also, he or she has to compensate in case of any mishap as it is a legal liability under Workmen’s compensation act, 1923. A workmen’s compensation insurance policy thus helps every employer as the employer can easily:
- Meet his/her legal liability due to an accident of a worker during the employment and as a direct consequence of the employment
- Pay medical expenses of injuries because an accident during employment if that cover is opted for
Role of Technology
New technology is facilitating workers’ compensation insurance by offering different functions. Some of them are:
Managing Claims
Alerts like texts and emails to keep clients informed.
Streamline the Process
Improving incident reporting by automated forms and offering many ways to report an incident.
Communication with workers
Relaying information on how to prevent injuries and claims updates sent directly to their mobile phones.
Training
Sharing workforce, health and safety training through the employer’s intranet or through smartphone apps to make it incredibly easy for workers to access the readily available information.
Wearable Technology
Using wearable technology to train employees, offer wellness programs, and preventing fraud.
The end to end transformation of this insurance is going to bring in efficiency and will help employees, employers, insurers and the other intermediaries.
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