What To Know About Workers' Compensation

When a worker is harmed on the job, they file a claim with the insurance provider (or self-insuring employer), who then may pay hospital and disability payments based on a state-approved calculation. 

However, employers who do not have workers' compensation insurance are susceptible to penalties, criminal prosecution, and civil liabilities unless they belong to certain excluded groups.
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Therefore, to help you, as an employer, here are essential things you need to know about workers' compensation.

The Basics of Workers Compensation for Employers
Here is some basic information about workers' compensation to ensure you and your employees are safe.

1. Worker's Compensation Coverage
Workers' compensation benefits replace lost income, pay for medical care, and provide vocational rehab programs so that employees can return to work. For work-related/on-the-job incidents and fatalities, certain sorts of benefits are paid, this includes:

• Psychological counseling is part of rehabilitation
• Disability benefits replace a portion of an employee's wages while disabled
• Coverage for medical expenses, including prescription drugs
• Disability benefits replace a portion of an employee's wages while disabled
• Benefits for the worker's spouse and dependents in the event of their death

2. Exempted Workplace Injuries
Some job injuries or illnesses are not covered by worker's compensation, specifically:

• Claims for pain and suffering or carelessness
• If the injury occurred while committing a crime
• If it's a self-inflicted injury 
• If the employee was not at work when the incident occurred
• If the employee broke a corporate regulation, or if the person was incompetent

3. Keeping Records
According to state regulations, workers' compensation data and the state agency must be reported to workers and the state agency. Employers must, in general:

• Post a note to employees in strategic locations
• Report Injuries that cost you time and other accident reports
• Keep track of lost time injuries and occupational diseases

Final Thoughts
Millions of employees and their families are covered by workers' compensation insurance, which protects them from the financial consequences of missed payments and medical expenses in the event of a workplace accident, work-related sickness, or, in the worst-case scenario, a worker's death.

At CSIS Insurance Services, Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (888) 501-2747. Get your free quote today by CLICKING HERE. Coverage discussed in this article is not guaranteed. Please contact our agents today to ensure that your needs are being met and learn more about your policy. We are happy to help!