What Does Workers’ Compensation Insurance Cover?

20 Apr What Does Workers’ Compensation Insurance Cover?

Workers’ Compensation helps to safeguard businesses and employees alike.

Businesses all over the states do what they can to protect their livelihood. From locking doors to running security updates on computers, care is taken to safeguard the company. When it comes to protecting employees, the same care and attention should be included.

While you do what you can to prevent injuries, accidents happen. Workers’ Compensation covers the expenses that come with an employee’s work-related illness or injury. Check out what this valuable policy covers below.

Medical costs to treat immediate injuries and illnesses.

When an employee is injured and needs medical attention, the employer can be responsible for covering the costs. Workers’ Compensation can help to pay for an ambulance ride to the emergency room, as well as additional medical bills.

The injured employee’s lost wages.

What happens when your employee has an accident and can’t work for a while? Most laws require you to pay for at least a portion of missed wages while he or she recovers. This means that you may pay for finding, training, and paying a temporary replacement worker, in addition to the missed wages.

Ongoing care.

Sometimes a work injury or illness is so severe that the employee needs surgery, physical therapy, and treatment from specialists. Workers’ Compensation can help to pay for these costs, even if the employee is unable to ever return to work.

Funeral costs and death benefits.

Unfortunately, accidents can end in tragedies. Workers’ Compensation can relieve some of the financial burdens by helping to fund the funeral expenses of a deceased employee killed on the job. This lets you, your staff, and the employee’s family grieve without worrying about these costs.

Legal support if an employee sues you over the injury.

If an employee is hurt at work and thinks your business is to blame, you may face a lawsuit. Believe it or not, but the cost of a lawsuit can be tremendous. With a Workers’ Comp policy in place, you don’t have to worry about attorney fees, court costs, and judgments or settlements.

Put the right protection in place for your team and business! Visit KSD Insurance Agency to get started on securing reliable commercial insurance. Serving Illinois, Wisconsin, and Indiana, contact us today!