Workers Compensation Insurance
Why a Company Needs Workers’ Compensation
Insurance
In the most basic sense, Workers Compensation acts as ‘on the job’ disability coverage. This coverage covers a company’s employees against an on the job accident, injury or illness.
Workers Compensation coverage is a state mandated coverage so there is no getting away from it if you have employees on payroll, this can include a company’s owners as well. Fines and penalties for not having it in place can be steep and can result in a ‘stop work’ order from the state (in MA anyway…). Short story, don’t be the company that doesn’t have it. Protect your employees and yourself. Contact us today to get the coverage you need.
What does Workers Compensation Insurance cover?
Workers’ Comp insurance provides coverage to help pay for medical expenses related to a work-related injury or illness. Such expenses can include emergency room visits, hospitalization costs, surgeries and Rx prescriptions.
Some work-related injuries or illnesses may require ongoing treatment and services that go beyond initial medical expenses including services for rehabilitation and physical therapy.
Workers’ Comp helps replace lost wages if an injured employee requires time off to recover from a work-related injury or illness.
In the unfortunate event that your employee loses their life from a work-related accident, workers’ compensation coverage can help pay their funeral costs and provide death benefits to your employee’s beneficiaries.
If a workplace injury were to result in a disability, Workers’ Compensation coverage can provide for disability coverage to a covered employee.
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