Worker’s Compensation Insurance: Employers are legally obligated to take reasonable care to assure that their workplaces are safe. Nevertheless, accidents happen. When they do, workers’ compensation insurance provides coverage.
Workers’ compensation insurance serves two purposes: It assures that injured workers get medical care and compensation for a portion of the income they lose while they are unable to return to work and it usually protects employers from lawsuits by workers injured while working.
Workers receive benefits regardless of who was at fault in the accident. If a worker is killed while working, workers comp (as it is often abbreviated) provides death benefits for the worker’s dependents.
What Injuries Are Covered?
Injuries employees sustain on the workplace premises or anywhere else while the employee is acting in the “course and scope” of employment are covered if their employer has workers comp insurance. For example, the leading cause of worker’s comp death claims is traffic accidents that occur when the employee is in a vehicle for work purposes, whether the trip is made in the company’s car or the employee’s own vehicle. Accidents driving to and from work are not covered.
In addition to injuries from accidents, workers comp covers injuries employees may sustain from other events that may occur while they are working, including workplace violence, terrorist attacks, and natural disasters.
What Treatment Do Injured Workers Receive?
Injured workers receive all medically necessary and appropriate treatment. With medical costs soaring, these include utilization management guidelines, which describe acceptable treatment protocols and diagnostic tests for specific injuries.
What Benefits Do Injured Workers Receive?
Income replacement benefits are based on whether the disability is total or partial and whether it is permanent or temporary. Impairment is generally defined as a reduction in earnings capacity.
When a business purchases a worker’s compensation insurance, policy provider can help cover businesses by giving financial assistance with, but not limited to,
Coverage of WC: