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Injury at work

Insurance has evolved as a process of safeguarding the interest of people from loss and uncertainty. It may be described as a social device to reduce or eliminate risk of loss to life and property.

B Hemalatha, Assistant Manager, United India Insurance Company Ltd, Coimbatore details out various policies that comes under industrial safety and the need of availing such policies during an accident.

Men and women working in industries, despite all pre-safety measures, are susceptible to workplace accidents. Industrial safety refers to the protection of workers from the danger of industrial accidents. Industrial accidents can be reduced by two approaches:

  1. Actuarial approach, which involves determining accidents based on actual data
  2. Safety educational campaign for employee groups

It is disheartening to note that several workers either suffer permanent disablement or succumb to injuries suffered in industrial accidents. While the  workers suffer physical and mental pain, the management is pushed to mental stress when an accident happens.

Even if the workers’ negligence has contributed to the accident, the management has to compensate the affected workers for the following reasons :

  1. Personally answerable to workers and trade unions
  2. Bound by various statues in the law of the land Insurance secures the monetary loss suffered by the management from the above two causes

(Read the full part of this article from the February issue of the Safety Messenger Magazine 2015)

Author: SubEditor

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