We are here to discuss Work Comp Insurance Questions and Answers in this blog.
Workers Compensation Insurance is a type of commercial insurance that provides benefits to employees who suffer work-related injuries or illnesses. Specifically, this insurance helps pay for medical care, wages from lost work time and more. Workers’ compensation insurance benefits can vary by state. We will be focusing on California state Workers Compensation because we are licensed to conduct business in this state.
Workers’ Compensation Insurance, also known as Work Comp, will help your business in three ways.
- Work Comp will cover employee illnesses and injuries that might happen in the workplace.
- It also will protect your business from lawsuits that might occur.
- And will keep your business complaints with the state regulation.
Work Comp Insurance Questions and Answers about coverage of work related illness, disability, injuries and death
The following are the expenses Work Comp will help to cover:
- Medical care
- Partial wages lost from time off work to recover
- Ongoing treatment and care
- Funeral costs
Workers’ Compensation also helps cover a deceased worker’s family with a financial benefit as well. Therefore, covering expenses like these not only helps protect your employees, but also your business. For instance, say an employee breaks their leg while working and your business doesn’t have workers’ compensation coverage. Also, in cases like these, your employees may hire workers’ compensation attorneys and file lawsuits against you. As a result, you may have to pay the medical expenses associated with the injury out of pocket. As a result, this can have devastating financial consequences for your business.
Please remember that your workers’ comp coverage isn’t responsible for covering an employee’s personal injury. You won’t have to file any workers’ comp claims for injuries employees sustain on their own away from work.
The length of workers’ compensation benefits can vary state by state. This variation often depends on the type of workers disability an employee receives. The types of workers disability are:
- Temporary disability
- Permanent disability
- Full or partial disability
There are two different ways disability benefits get classified. These are:
- Temporary or permanent benefits
- Total or partial benefits
This classification of disability benefits varies from state to state. It’s important to remember that your disability benefits are determined by your healthcare provider.