Workers Compensation Insurance
Workers’ compensation insurance, also called workers’ comp insurance, helps cover medical expenses and lost wages for small business owners if an employee is injured or becomes sick. This coverage can include rehabilitation services and death benefits too. Workers’ compensation insurance is also called workman’s compensation or workman’s comp. We have teamed up with companies to help your business get the coverage you need.
Interested in a Workers Comp Quote?
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How does Workers Compensation Insurance work?
Workers’ comp is designed to help protect both employees and businesses. Employees get peace of mind that they’ll receive financial protection and medical care if they are injured on the job. For employers, it significantly mitigates the risk of being sued by employees, reduces liability, and protects them from a major financial loss due to employee injury.
So starting out, when an employee is injured on the job, they should report the injury immediately, or as soon as possible. They should also seek medical treatment right away. After that initial visit, the employee’s medical provider will complete a report and send it to the employer’s insurance company to be processed.
It’s also important to understand what qualifies for workers’ compensation and what doesn’t. An example of a workers’ comp claim would be if a construction worker injured themselves because they were struck by an object on the job site. On the other hand, if they were in an accident on their commute to the job site, that wouldn’t qualify.