What Does Worker's Compensation Insurance Give You?

If you have employees, let them have workers' compensation insurance. It is required by most state regulations. So employers are the ones responsible for providing it to their workers. 
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This policy gives employees benefits if they incur work-related illnesses or injuries. It pays for their lost wages, medical expenses, and the like. Hence, here is a list of what worker's compensation insurance usually covers!

Benefits of Having Worker's Compensation Insurance 

Medical Coverage
This coverage pays for your employee's medical expenses. But these expenses happened due to a work-related injury or sickness. It can also pay for your employee's lost time at work.

But you might have to wait for a few days to claim it. Most policies have a three to five days waiting period. After that, your policy will pay the expenses. 

Examples of expenses covered in this policy:

• Appointments to the doctor
• Hospital visits
• Prescribed medicines
• Recovery equipment
• Therapy

Yes, your employee might take time to fully recover, so they need ongoing guidance or care. But this policy does not cover the following: 

• Acupuncture
• Homeopathic medicine 
• Neuropathic treatment

Disability
This coverage pays your worker who cannot report to work. It applies when your worker suffers an illness or injury due to work. So when a worker goes back to work and completely heals, this benefit stops.

There are four kinds of disabilities this policy can cover:

• Temporary partial disability happens when your employee can work but in a decreased capacity.
• Permanent partial disability happens when your worker can return to work. But your worker does not have the same ability as they did before.
• Temporary total disability happens when your employee cannot report to work for some days. But will go back to work with the same capacity from before.
• Permanent total disability happens when your worker is not able to work. They will also not return to their position.

Death and Funeral Services
If your employee loses their life, this coverage pays for the burial services. The benefits of this coverage go to the immediate family members.

Lost Income
If your worker is not reporting to work. It is because they are healing from their work-related illness or injury. This coverage pays for their lost salary.

Conclusion
Workers' compensation protects both you and your employees. This is beneficial for them if they get injury or sickness from their job. It shows that you care for them. Hence, it is essential to buy adequate coverage for them! 

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.