Page 189 - RISK Management IC 86

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over negotiations with injured employees or third
parties, or their legal representatives. Most firms
prefer insurers handling such claims since their know
how and expertise in these matters are the best.

Q6. ExplaintheimpactofprovisionsofFactoriesAct,1948
on therisk management programme in a factory.

Ans. The Factories Act, 1948 was amended in 1976. The
primary object of the Act is to regulate the conditions of
work in factories. Specifically, the object of the art is to
secure health, safety, welfare, proper working hours,
leave and other benefits for workers employed in
factories.

A 'factory' is defined as any premise wherein a
manufacturing process is being carried on by ten or more
workers with the aid of power or is ordinarily so carried
on, or twenty or more workers without the aid of power,
or is ordinarily so carried on.

The Act is structured as follows :
Chapter I - Preliminary: This chapter is mainly
concerned with approval, licensing and registrations of
factories.

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