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What is Covered Under Workers Compensation?

workers insurance

Owning and managing a business is a huge responsibility. Thanks to workers compensation insurance, however, you can rest assured knowing you and your employees are well cared for.

 

What is Workers Comp?

 

Workers Compensation Insurance, more simply known as workers comp, is a form of insurance purchased by the business owner or employer to provide coverage of work-related injuries and illnesses sustained while on-the-job. This state-mandated program benefits employees who are hurt or fall sick as a result of the job. Workers comp also prevents employees from suing in the event of a work related injury.

 

Why Do You Need Workers Comp Insurance?

 

As an employer, you are legally responsible and liable for all of your employees. If an employee falls ill or is injured as a result of the job, it is your responsibility to provide medical and financial coverage for that individual.

 

Workers Comp provides a system that benefits both you, as the employer, and your employees. Your workers receive benefits despite who or what is at fault and you are protected from lawsuits and other legal issues surrounding the illness or injury of your employee.

 

What Does Workers Comp Cover?

 

As previously mentioned, workers comp covers only work related illnesses or injuries. One common misconception of workers comp is that coverage is only provided if the injury or illness occurs at the workplace. Wrong. As long it is job related, coverage will be provided. Even in situations like:

  • Business travel
  • Work-related errands
  • Attending work-related functions

 

Coverage is available for injuries and illnesses caused by a sudden accident or injury – like breaking a bone – and injuries that occur over an extended period of time – like carpal tunnel. Workers comp also covers illnesses that result from being exposed to pollution, chemicals, radiation, etc. Problems like heart conditions, lung disease, stress-related issues and more are also covered under workers comp.

 

Companies with workers comp are able to provide employee benefits like:

  • A steady income while the employee is not working
  • Financing medical expenses like doctor’s visits, surgeries, medication, etc.
  • Vocational rehab like training, education, job replacement assistance and more.

 

How Can You Get Workers Comp?

 

Aside from being an absolute necessity, workers comp is also very easy to purchase. First, check out your state’s mandated workers compensation system by visiting the U.S. Department of Labor website. Secondly, contact Heuer Insurance to discuss your options and become enrolled today.