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If your company has employees, you are required by law to acquire a worker’s compensation policy. Just as the name suggests, this policy is meant to compensate employees for sustained injuries while on their official duties. It can also protect a business from potential lawsuits from employers. Many workers suits are based on the assumption of risk, contributory negligence, and fellow employee negligence.

These defense are very challenging for plaintiffs (workers) to overcome. However, things are different if you have obtained the worker’s compensation policy for workplace-related injuries.

What’s covered?

If you are an employer and you want to acquire a worker’s compensation insurance plan, you may want to know what exactly is covered. The policy is likely to consist of different parts, including declarations (an information page), various endorsements, and the policy form. Sometimes, it might also include one or several schedules like locations and lists.

Generally, the workers’ compensation insurance affords benefits to workers who have sustained injuries in the course of their work scope. Though such coverage is afforded regardless of who was at fault, it is recommended that employees get involved in crashes while using company vehicles to consider the services of an experienced Los Angeles accident lawyer. This will ensure that they get the right compensation amount.

Note that an injured employee is eligible for various benefits associated with the worker’s compensation whether or not their negligence contributed to the accident that caused the injuries. Here are some of the benefits offered by this insurance policy.

Disability: Offers a partial replacement of the wages or income lost when employees are unable to work because of the injuries they sustained while at work. Remember, the disability might be temporary or permanent, and the compensation may be partial or even total.

Medical coverage: This includes all expenses associated with hospital care, doctor visits, physical therapy, prescription medications, and other similar forms of treatments. With the workers’ compensation policy in place, employees no longer need to worry about their healthcare in case they get involved in workplace accidents.

Vocational rehabilitation: Some workplace injuries might result in severe injuries to the point that they can’t resume their previous jobs even after recovery. Vocational rehabilitation cover helps such workers to learn a new skill based on their current abilities.

Death benefits: Generally, these benefits are meant for the minor kids and spouse of an employee who died in their line of duty.

Exclusions

The workers’ compensation insurance has several exclusions. Your insurer won’t pay excess benefits that are needed due to the following reasons.

  • Serious or intentional misconduct committed by the employer.
  • The employer knowingly hired someone in violation of state or federal law.
  • Your workplace doesn’t comply with health and safety laws.
  • You coerce, discharge, or even discriminate a worker in violation of the laws that govern workers’ compensation.

Business analysts and other experts strongly believe that workers compensation insurance shouldn’t be ignored. In addition to protecting your employees, it protects your business too.

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Posted by Penny S. Lopez

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