What Are Workers’ Compensation Benefits?

Your employees are among your business’s most valuable resources. An able-bodied and capable workforce is essential as your company maintains consistent operations and chases future aspirations. However, accidents and other unexpected incidents may constantly threaten your employees’ health. Work-related injuries and illnesses could occur even in relatively low-risk workplaces, such as office environments. Fortunately, the right workers’ compensation insurance can provide a multitude of benefits, allowing you and your employees to recover and get back on track.

Key Benefits Offered by Workers’ Compensation Insurance

After a work-related injury or illness, affected employees can file a workers’ compensation insurance claim with your business’s provider. If approved, the resulting payouts could play a necessary role in helping employees manage the following:

• Medical bills—If an employee’s work-related injury or illness requires them to seek medical care, workers’ compensation coverage can help pay the resulting bills.

• Lost wages—Employees who are injured or become ill on the job may need to take time off; however, workers’ compensation claims can reimburse them for the income they would have earned.

• Disability benefits—Should an employee develop a temporary or permanent disability due to their work-related ailment, workers’ compensation insurance may help pay for ongoing income replacement.

• Vocational rehabilitation—If an employee is unable to return to their previous job, your policy may help pay for training and other costs as they seek out a new position.

• Death benefits—If a workplace illness or injury proves fatal, your insurance can compensate the employee’s family members.

In addition to the aforementioned benefits for affected employees, workers’ compensation insurance also typically includes employers liability coverage. This component of your policy can help with attorney fees, settlements, judgments and other legal expenses if an employee chooses to sue you over their work-related injury or illness.

We’re Here to Help

Contact Express-Way Auto Insurance Agency today to learn more about how workers’ compensation insurance can help your business and its employees.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.