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Workers’ compensation insurance
Workers’ comp that protects your employees and your business
Workers’ comp insures that employees are taken care of financially in the event of a workplace injury.
Protecting both the employees and the employer
Workers’ compensation insurance, workers’ comp for short, protects both the employees and the employer. It covers medical and rehabilitation costs and provides income for the employee during recovery.
It also protects the business from being sued by the injured employee in most cases. Coverage and benefits vary from state to state.
What workers’ compensation can cover
Any injury on the job
Repetitive motion injury
Like carpal tunnel.
Lung and breathing issues
As a result of work performed.
Medical costs
Rehabilitation costs
Income replacement
Can be up to 2/3 of salary.
Liability
Lawsuit protection for the business.
Death or dismemberment
No-fault coverage
It does not matter who is at fault
Workers’ compensation laws are written around a no-fault concept. Whether the employer or the employee is at fault, workers’ compensation insurance will cover the incident. In some instances, fault may be a factor in the event of illegal activity, or drug or alcohol use.