Coverage B of Workers’ Compensation Insurance

​Worker’s compensation insurance part B is a policy that provides coverage for rehabilitation costs, lost income, and medical care for injured employees on their shifts. It offers the necessary funds for workers when the liable individual is their employer.

How Workers’ Compensation Coverage B Works
Another term for Coverage B of Workers’ Compensation is the employer’s liability coverage. The Workers’ Compensation Act requires employers to provide their employees with the necessary coverage. Workers’ compensation insurance is often given to buyers of corporate insurance to provide protection for their workers and comply with state insurance requirements.

The two essential parts of most basic contracts of worker’s compensation are under Part B: Parts A and B. Under Coverage B, workers getting injured during their shift can get their medical costs covered 100%, lost wages coverage of about 66.66%, and a generous sum for disfigurement and disability, along with death benefits.

The coverage is a known state requirement if a company has more than three employees under their name, including subcontractor owners and their workers.

Special Considerations
There are a few essential notes to keep in mind when reviewing the coverage for workers’ compensation. It is crucial to ensure that the employers’ liability, or Part B, has an appropriate schedule on your corporate umbrella. Employer negligence can be an overwhelming sum, allowing the umbrella policy to be over a million dollars of primary limit.

Additionally, suppose a business is located in a state of monopoly, such as Ohio. In that case, you will have to purchase the standard employers’ liability as an endorsement from your general liability provider.

Example of Workers’ Compensation Coverage B
In cases such as potential employer negligence and employee injury, Coverage B will ensure to provide for any additional damages. Usually, the payments are disputed and only offered when an employee has experienced a severe injury due to the employer’s negligence. For example, a production machine exposes a faulty wire, and the worker immediately notifies their employer.

Conclusion
Worker’s compensation Part B is for other losses or damages not included in the Part A insurance policy. You can review the coverage provided by your employer to ensure you have the necessary protection that the law requires.

At Cornerstone Insurance Agency, we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (888) 661-8831 or Click Here to request a free quote.