What is the Purpose of Worker’s Compensation? Facts!
Workers’ compensation insurance is one of the most important for your workplace. Your employer must have this type of policy since your expenses need to be covered by the policy mentioned above when an accident at work.
The types of compensation may vary according to the kind of accident because there are minor injuries, big ones, and even some that, unfortunately, can lead to death.
This blog presents the answers to many frequently asked questions about workers’ compensation; we invite you to read all the information!
What is Workers’ Compensation? What Is the Purpose?
Workers’ compensation is a type of insurance that provides assistance, medical payments, and compensation if a worker suffers an accident related to the work he/she performs.
In addition, it covers not only accidents but also illnesses directly related to work. Employers are required to have such insurance.
The benefits vary in different states throughout the country. It is essential to mention that if an employee sues the company in court for negligence, they will not receive such compensation.
What is the purpose of worker’s compensation? So the purpose of workers’ compensation is to protect employees at all times while performing their job duties.
The federal government has one type of workers’ compensation insurance, but each state has specific laws. However, all companies must provide this type of policy for their workers.
What Does Workers’ Compensation Cover? Benefits
As mentioned above, this type of insurance provides many benefits to workers, as it covers various types of accidents. It is essential to highlight that no employer can retaliate because of your work-related injury. You have the right to apply for compensation.
In the case of an accident, the first step is to seek medical attention. All consultations, examinations, (analysis and x-rays), and hospital services will be covered in this case.
Temporary or Permanent Disability
In either case, the employee is entitled to receive assistance. In the more tragic case, permanent disability, the employee must receive payments that must be calculated depending on salary, type of disability, and taxes.
The physician will determine what type of disability the employee has. In the case of physical therapy, rehabilitation, and occupational therapy programs, the affected person will receive payments while recovering.
Death and Funeral Services
If workers lose their lives due to a work-related accident or illness, benefits will be provided for funeral expenses.
Commonly, the spouses are called “first responders” and are the ones who receive the deceased person’s benefits. This will depend on some cases, but the compensation should be paid as long as everything is in order.
It is essential to mention that all insurance agencies work differently so that benefits may vary.
Cases That Are not Covered by Worker’s Compensation
- Self-inflicted injuries
- Fighting accidents
- Accidents while the employee was away from work hours
- Injuries while under the influence of alcohol or drugs
- Any accident after you were fired, and you end the job contract
Trust Our Workers’ Compensation Insurance
Now that you know the purpose of worker’s compensation, it’s time to act to avoid any problems. A workers’ compensation policy is vital to keep your workers always protected and comply with state requirements.
Our workers’ compensation insurance provides many benefits to workers injured on the job. Contact us and get your personalized assistance and free estimate.