The basic right of each and every one of us is the right to security and protection. When this protection is guaranteed, only then can we thrive and strive in our lives for a better future. This protection has to be provided to us by so many ways and at so many levels. To cater to some specific needs and to provide us this guarantee that we will be taken cared for and protected, this responsibility comes after God, State and our parents onto the insurance companies who are there to help us in our hard times or to guarantee us our benefits in case we are hurt, or our security has been hurt or damaged. They have individual insurances for every sphere of our life that caters to different parts of our unpredictable lives.
Similarly, occupational accident insurance caters to all the injuries, damages, bills and accidents that have unfortunately occurred during our occupation, while performing our duties or because of the accident happening at the premises of our work. The purpose of this business oriented insurance is to cater to the rights of an employee.
Occupational insurance is actually a mixture of so many other insurance policies as it combines all benefits in one package, securing and strengthening employees so that they have no fear of the unknown future. They don’t have to worry about the risks and harmful side-effects that could cause their pocket to be over burden by dealing with the damages, injuries, disease or mishaps that occurred during the work. Their bills and other costs will be catered through the policies which are paid by the company they are working for.
Employees who go through a major injury or get killed because of some unfortunate accident while doing their work are protected and covered through this occupational accident insurance. It is the best option for the employees as it saves them from heavy bills because it is an amalgamation of long- term disability and worker’s compensation.
We see so much counterfeit in our daily lives that only the accurate statistics bring the strong belief in a new concept or to justify why a new policy is the need of the hour. In this case, the results of a research are taken by the International Labor Organization who declared that 340 million injuries occur at the work places per year and around 2.3 million people die fighting for their life in the adverse cases that arise during their jobs. So, an extra policy is much needed to protect such labors, truckers or any one from the worker class.