Hi,
An employee has suffered an accident while at work. As per the Employees Compensation Act, 50% of the monthly salary is to be paid to employee by the employer in case where temporary disability has occurred. The company (employer) has taken personal accident policy of the employee and the employee will get compensation under such Policy.
If the insurance company pays the compensation to the employee concerned, does it mean that liability of the company to pay compensation is complied with? Does the company need to pay anything above the compensation paid by the insurance company to the employee? Please share your views.