5 Things Covered By The Workers Compensation Insurance

​There are unexpected accidents that occur at work. Companies that employ people doing hard labor like landscaping, plumbing, and lifting materials are more prone to mishaps. However, almost all states require businesses to obtain Workers Compensation Policy for their employees to operate legally.

Definition of Workers Compensation Insurance
Workers Compensation is coverage that insures the employee when injury, disability, or mishap happens while doing their job. It is a legal contract mandated by the state to protect the employer as well as the employee. Workers Compensation provides medical and wage benefits for the employee. Death benefits for the dependents are also included.

Importance of Workers Compensation Insurance
Aside from being a state requirement to operate, having Workers Compensation will save the business from incurring liability and suffering damages. Employees are also given protection from losing their income and job. It also protects the business from shelling out company money to pay for an accident or injury.

What the Workers Compensation Insurance Covers
Listed here are five things the Workers Compensation Insurance Policy covers that employers and employees should know about:

1. Medical Costs
   Illness or accidents happening to a person during work is sometimes unavoidable and may result in extensive medical care for a short or long period. Hospital bills are expensive and heavy but can be covered by Workers Compensation.
   
   
2. Lost Wages
   Employees will not need to worry about getting their wages when they get hurt from working. Even if they were careless, they are assured of having their salary replaced by the Workers Compensation.
   
   
3. Temporary/Permanent Disability
   Some injuries can temporarily or permanently make the worker unable to work. Workers Compensation also covers this kind of situation.
   
   
4. Vocational Rehabilitation
   Some employees may be unable to work their usual job or return to their previous one because of an illness or injury. They may need to re-acquire their work skills to retain their position. Workers Compensation provides vocational rehabilitation for workers that need it. 
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5. Dependent Benefits
   When an employee dies from a work accident, the dependents will receive lost wages, and the insurance will cover funeral costs.

 
Conclusion
Getting Workers Compensation for a business ensures all parties are secured and protected from any damages. It will also save the company from having to deal with lawsuits and expenses unrelated to business.

At CSIS Insurance Services Inc., we do our best to make 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) 501-2747 or Click Here to request a free quote.