There are many people who experience injuries at work. They may slip and fall. They might smash their finger in a door. In most cases, workers’ compensation insurance covers work-related injuries.
What Is Workers’ Compensation Insurance?
Workers’ compensation is part of a federal law that requires most companies to give their employees coverage for injuries or illness. The compensation comes in the form of medical care and wages while a person is out of work for an extended time.
Employers are safe from battling employee lawsuits concerning illnesses and injuries. Employees are also protected from financial loss stemming from the injuries.
What’s Covered by Workers’ Compensation Insurance?
Workers’ compensation coverage is much different from the coverage of your health insurance.
Workers’ compensation insurance covers the following:
Medical treatment – As a qualified employee, you get medical coverage for your injury that you don’t have to pay for. On your health insurance plan, you usually pay some costs. The coverage applies to both illnesses and injuries that are job-related.
Wages – In some states, you also get coverage for loss of wages. If you can return to work and perform another job that pays less, then it’s sometimes possible for you to get a portion of the two rates.
Temporary and permanent disability benefits – You can usually receive payments while you are out of work. You usually get temporary benefits first. If you exceed a certain amount of time out of work, you may qualify for permanent disability benefits.
Death benefits – If you die as a result of your injuries, your spouse and children may be eligible for death benefits.
Workers’ compensation isn’t a benefit, but a federal rule for most companies. If you have questions about your eligibility, you should speak with your employer.
For more information about Worcester workers compensation insurance, give Knight-Dik Insurance Agency, Inc. a call today at (508) 753-6353.