Workers Compensation coverage is an insurance policy that provides medical benefits to employees who are injured at work.
The coverage is mandated by each state, and each state has its own rules and regulations that employers must follow to provide proper coverage for an injured employee. Workers compensation coverage can also protect business owners from lawsuits that may arise from an employee being injured on the job.
Is your business financially protected?
Workers compensation pays medical expenses, lost wages, and any costs for rehabilitation for workers who are injured or become ill “in the course and scope” of their job. If an employee is fatally injured on the job, workers compensation also pays death benefits to families of the employee. Claims for an accident can only be filed if the injury or illness is caused by duties of an employee while on the job.
Although most employers take as many precautionary measures as possible, sometimes accidents happen. Common examples of workplace injuries result from a slip or fall, strain from heavy lifting, cuts and lacerations, and accidents resulting from machinery operations. When an employee is injured on the job, workers compensation coverage ensures that necessary and appropriate treatment can be provided.
Workers compensation rates differ from company to company and are based on the employer’s payroll and the types of duties the employees perform. We can help provide a workers compensation policy for all types of businesses. Give us a call to discuss your options!
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Here at H.B. Cowan we can provide you with the personalized experience, knowledge and support your company deserves. Give us a call today.