CSIS Insurance Services, Inc. Blog
Workers' compensation policy is meant to protect the workforce of a business. Businesses must have this kind of insurance to give aid to those who will be met with an accident while on the job. But it is not an excuse for employers not to do their job in maintaining a safe workplace.
Two Parts of A Worker Compensation Policy
Part one includes medical, rehabilitation expenses, and salary lost due to physical disability or general inability to work. In the case of death, it also pays out to the beneficiaries of the deceased. Benefits can have no limits, and claims are uncontestable and undeniable unless there is evidence that fraud occurred.
The second part is about the liability of the employer. If the employer's negligence causes injury or death to the employee, they may be sued. They will be obliged under law to pay additional fines for damages caused aside from paying the compensation benefits. This part of the policy has certain limits unlike the first part
What is Not Included in A Worker Compensation Policy?
This policy, like many others, also has its limitations. These are set to prevent employers from being taken advantage of since they are paying for their premiums. Here are the instances that your policy won't cover:
It's essential to know and understand the information regarding your insurance policies. Knowing these limits also saves you from future problems when you claim your work insurance policy!
At CSIS Insurance Services, Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (888) 501-2747. You can also request a free quote by CLICKING HERE.
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