Accidents happen, but workers’ comp provides your business with a safety net that helps prepare you for the unexpected. In addition to helping cover medical bills and lost wages, the coverage may help with vocational rehabilitation services to assist getting your employee back to work. It can also help with legal costs in the event of a lawsuit.
What is Workers Compensation Insurance?
Workers compensation helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer. Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of a Workers Compensation policy. Workers Compensation is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job.
When Should a Workers Compensation Policy Be Considered
Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken. To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers compensation insurance.
What Standard Workers Compensation Policies Cover
Accidents On The Job
Covers workers injured on the job, whether they are hurt on the workplace premises or elsewhere.
Accidents While Driving
Covers workers in an auto accident while on business
Job Related Illness
Covers workers who become ill due to work related issues
What Standard Workers Compensation Policy Do Not Cover?
Injuries That Happen Because An Employee Was Intoxicated Or Using Drugs
Self-Inflicted Injuries (Including Those Caused By A Person Who Starts A Fight)
Injuries Suffered When An Employee's Conduct Violates Company Policy
Injuries Suffered While An Employee Was Not On The Job
Injuries Suffered While A Worker Was Committing A Crime
The Right Insurance Policy Begins Here
Begin By Contacting An Agent.
To add this coverage, please get in contact with a Squier Insurance Agent. They will walk you through each step, making sure the coverage you select meets your needs. To begin, please choose one of the options below.
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