Workers Compensation: How To Stay On Top

​Worker’s compensation is something that every business owner should consider. It's not just about the cost of doing business, but the safety and well-being of your employees. To stay on top when it comes to workers' compensation insurance, you need to keep up with all changes in laws and regulations.

What is Workers Compensation?
Worker's compensation is a type of insurance that provides benefits, usually financial, to employees injured on the job. It includes lost wages and medical care for injuries sustained during work hours or while commuting from home to work.

What Does Workers Compensation Cover?

• Lost Wages: Compensation for the time you miss at work due to an injury or illness
• Medical Care: Medical bills incurred as a result of your workplace accident/injury but not including reimbursements for previous treatment received before the date of disablement
• Temporary Disability: A temporary percentage reduction in pay if you're unable to perform some duties because of disability caused by an occupational incident (if you can do everything required in your job)
• Permanent Disability: A permanent percentage reduction in pay if you're unable to perform some duties because of disability caused by an occupational incident ( if you can do everything required in your job).
• Death Benefit: Provides a benefit for the surviving family members or dependents. After-tax deductions and other withholdings take out.

How Does Workers Compensation Work?
You must have applied for workers' compensation benefits within 30 days from the date of disablement or illness and be able to show that it was work-related. The employer will complete and submit form WC01a on your behalf with all relevant information so long as there is no dispute about whether filing is necessary.

What Is The Best Workers' Compensation Practice?
It is even more difficult when matters slip through the cracks, supervisors fail to follow protocol, or employees try to play the system. Here are the best practices to manage the expenses, time, and effort involved with the different aspects of workers' comp.

• Provide training and education
• The causes of accidents are investigated.
• Claim as soon as possible
• Establish external and internal partnerships
• Manage claims as a priority

Conclusion:
Worker’s compensation is a critical topic. It can be easy to neglect, but it's not something you should put off. There are many ways that workers' compensation insurance coverage could help your business and employees.

Stay up-to-date on the latest trends. Your safety and peace of mind begin with staying up-to-date on all things related to your workplace injury protection needs.

At Cornerstone Insurance Company, we do our best in making sure 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.