Magnitude and Compensability of Industrial Accidents in Nepal

As the study has attempted to assess the magnitudes of industrial accidents in Nepal after the enactment of Labor Act 1992 in order to observe the effectiveness of the provision of health and safety measures in reducing incidence, frequency and severity of industrial accident. On the calculation of these indicators based on the secondary data observed inconsistency in the reduction between severity of industrial accidents and frequency and incidence rate of industrial accidents indicating seriousness of the accident and increasing the compensation and premium of insurance. Among the industrial accidents, more than fifty percent of them were compensable in nature indicating a significant loss of job and economic loss of workers and performance and productivity of the concerned enterprises. Thus, concerned parties are suggested to form a multipartite committee and organize sensitivity training to workers in every enterprise to manage the issue of industrial safety effectively and efficiently in Nepal.