The findings, part of the BimaKavach Workplace Risk Report 2026, are based on insights from over 6,000 MSMEs across five-plus sectors. The report examines emerging workplace risk patterns, compliance-led insurance buying, and the growing role of digital platforms in speeding up policy issuance.
Key highlights
The report shows that Maharashtra accounted for 20.9% of all policies, followed by Gujarat, Karnataka, and Delhi. Together, these four states made up over half of total policies, indicating a strong concentration of industrial and corporate activity.
It also shows that manufacturing and factory-based operations recorded the highest number of claims, driven mainly by machinery-related accidents, slips, falls, and construction-linked injuries. In contrast, IT and technology companies reported negligible claim activity despite a strong policy base.
Seasonal patterns were also evident, with the report showing July as the peak month for claims at 13.4% of the annual total. The monsoon period from June to September accounted for 43% of claims, largely due to outdoor hazards and slippery working conditions.
On insurance adoption, the report shows that 94.6% of MSMEs purchase workmen compensation insurance primarily for regulatory compliance. However, it also notes a gradual shift toward viewing insurance as part of broader employee safety and risk management.
Digital adoption continued to accelerate issuance timelines, with 69.1% of policies issued on the same day and over 82% activated within three days, compared to earlier turnaround times of 3–7 working days.
Tejas Jain, Founder and CEO of BimaKavach, said workplace risks often remain underestimated until they begin affecting operations. He noted that improved reporting and digital access are making risk exposure more visible and encouraging a shift toward proactive risk management.
The report further shows that workplace risk is becoming more dynamic, influenced by sector exposure, seasonal conditions, and operational environments, while digital tools are improving access and speed of coverage for MSMEs.
