Workmen Compensation Insurance Malaysia

The employer has to purchase a workmen s compensation insurance for workmen s compensation claims by injured employees or workers.

Workmen compensation insurance malaysia.

Workmen s compensation covers your employees work injuries and ensures your financial well being we use cookies to provide you with the best possible online experience. Workers accident compensation insurance is paired with unemployment insurance and referred to collectively as labour insurance. Workmen s compensation act 1952. Employer s liability insurance this policy covers you as an employer and mitigates the risk of you being sued by employees not protected by workmen s compensation acts or socso and who suffered bodily injuries or diseases in the course of their employment.

It is also known as workmen compensation. Read more about our cookie usage here. This is administered by the department of labour and applies throughout malaysia. This list is non exhaustive.

This workers compensation insurance is bought as an employer business protection. Page 2 of 2 cmi pds workmen s compensation insurance workmen s compensation insurance product disclosure sheet 6. Workers accident compensation insurance is managed by the labor standards office. The employer will have to purchase a workmen s compensation insurance for workmen s compensation claims by injured employees or workers.

What is the workers compensation insurance in malaysia. Workmen s compensation is a compensation for injury to an employee or worker arising out of and in the course of employment that is paid to the worker or dependants. It is a workers compensation coverage. Please refer to the policy wording for full terms and conditions.

What are the major exclusions under this policy. However this stipulation is no longer applicable to employees who are socso members as provided under the employees social security act 1969. To protect an employer s liability for an injured worker or worker suffering from occupational diseases from the workplace. In accordance with the workmen s compensation ordinance 1952 employers are legally obligated to insure their employees who are defined as workmen under a workmen s compensation insurance policy.

This section covers how an employer should insure his foreign employee worker and what to do in.