Difference between WC policy & BOCW policy?

One of my clients is asking to get the BOCW policy. We already have an all-over India WC policy. I need help to understand the difference.

WC means workmen compensation, now known as Employee Compensation. This act covers accident insurance only.

BOCW act is for the welfare of construction workers. There are differences in coverage, applicability, purpose, and beneficiaries between the two acts. There is no similarity in these acts.

In my understanding, if a company is engaged in any kind of construction or related works, then the BOCW Act applies to you. In this case, you have to look for the BOCW policy; otherwise, not.

Manasi,

Greetings...

I do not know if any insurance company is offering an insurance policy under BOCW Act or if there is an insurance policy that could cover all risks as detailed in BOCW Act, which looks into almost all aspects of construction activity and sets certain guidelines for "safe working" at construction sites. BOCW focuses more on "construction safety" and provides guidelines to avoid unwanted accidents at the site. It even specifies guidelines for the use of heavy construction machinery. Also, it covers payment of Cess on the value of construction work.

As far as I know, only WC and ESIC cover the risks involved in construction activities.

Dear Manasi,

Your client is asking to take registration under the BOCW policy, which means you have been awarded work of construction. The BOCW and The BOCW Cess are for safety and welfare measures for the construction workmen.

On the other hand, the WC policy covers liability under compensation to be paid to workmen in case of any accident resulting in the loss of working capacity or fatal, partial, or permanent disability.

I hope this explanation is sufficient to clarify your doubts.