How much is the cost of Workmen Compensation Insurance ?

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Cost Of Workmen Compensation Insurance

While worker compensation insurance provide a lot of benefits to workers. It is also very beneficial for employers too. For instance, a tragedy befalls on a worker out of natural disasters or human errors at the site of working, a worker is covered. It will be up-to the employer to pay the medical bills and medication fees for the injured employees. The employer can claim all the money back which was spent on the injured employees by showing the medical receipts/bills to the insurance company. Moreover, the best thing is that the cost of workmen compensation insurance is budget friendly. It can be bought on annual basis in the UAE on reasonable prices.

How to buy Workmen Insurance policy ?

What you need to do to buy this policy ? Just get in touch with Dubai online insurance or send an email.

Cost of Workmen Compensation Insurance is almost nothing. It can be easily bought at cheap rates. How much compensation the employer will get is decided on the bills of accident and the employees monthly salary as leave days are also paid in this insurance.. For instance let’s suppose that a company has 10 employees and the salary of each employees is 1000. Now to get this insurance the company will calculate the total salary for the year for all employees i.e

  • 10×1,000=10,000/- (Per month)
  • 10,000×12=120,000/- (Per Year)

So the company will implement the rates on the per year wages of the employees. In this case the cost will be Dhs. 830/- depending activities of the company.

Seeing the benefits of this policy, this cost is nothing. The employee liability will be on your head in case you are an employer and you don’t have this insurance. Why to risk it all? Ask smart and apply for workmen compensation insurance to secure your money and time. Contact Dubai online insurance right away.

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  2. […] policy’s cost depends on the total number of employees annual wages. The annual wages exceeding a certain amount […]

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