Regulations, imposing duties on employers and those in control of workplaces (mining and construction sites excepted), aimed at: (a) health and safety in the workplace covering the environment in which employees are expected to work (ventilation, temperatures etc.); (b) design and maintenance of the premises (condition of floors, traffic routes, etc.); and (c) welfare facilities. The Regulations apply to all parts of the workplace including outdoor workspace. A breach of the Regulations is criminal and also provides the basis for a civil action.
Insurance Encyclopedia
Works Damage Insurance
An engineering insurance relevant to businesses producing manufactured goods with installed plant and machinery which may, along with the manufactured goods, suffer accidental damage in the factory. The property is insured against damage following accidental external impact, including falling, toppling, overturning or dropping at the location. The policy usually extends to cover customers’ property undergoing repair or renovation and, in certain circumstances, loading and transit cover in respect of new products may be included. The policy carries an excess and exclusions relate to fire and additional perils, theft, faulty workmanship, electrical and mechanical breakdown, loading for despatch, the initial installation or final removal (these are insured as transit risks).
Worksite Marketing of Insurance Products
Worksite marketing is about approaching a group of clients (could be employees of a particular company or members of a particular group such as a club or an association) for selling of insurance policies, by addressing them in a group or making a presentation to them. This is an innovating channel to distribute insurance products though is still evolving in India. The premium payment could be done by the employer by way of collecting/sharing a portion with employees. The business sources by this channel is individual business and not group insurance. While in group insurance, there is one master policy given to the employer for all the employees, the policies issued in worksite marketing arrangement are individual ones. Worksite marketing is about offering need based solutions to each client. As the various members of a group could be interacted with and addressed in on ego itself the time taken in closing the sale is relative shorter.