Workers Compensation

What Is Worker’s Compensation

WORKER’S COMPENSATION is a type of insurance coverage provided by business owners to their employees. It is required by most states, but the details and exceptions vary. This type of insurance protects both the employer and the employee in case the employee is injured on the job. It helps cover medical bills and lost wages to the injured worker while protecting the business.

Employees who have been hurt at work, have incurred an injury over time such as carpal tunnel syndrome, or have gotten sick due to environmental issues may all qualify for WORKER’S COMPENSATION benefits. Their employer must have the policy in place for the injured employee to make a claim. Employers who neglect to carry this insurance are subject to fines and a potential lawsuit from their employee. A claim can only be filed if the worker received the injury or got sick while working, whether on or off the worksite. For instance, if an employee is injured while delivering a product for the company, they may be eligible to file a claim.

To start the claims process, the employee needs to report the injury to their employer, usually within 30 days. Medical treatment is often provided by an approved list of doctors or in the emergency room depending on the injury. The employer should give the claimant the required forms to file a claim, although some states allow the employee to submit it themselves. An adjuster will review the claim, and if it’s approved the employee will receive benefits to cover their time off work and their medical bills.

Worker’s Comp covers various aspects of the employee’s losses. Medical coverage pays for doctors, hospitals, prescriptions, and items related to physical care. Another component provides payments for temporary or permanent disabilities, or for rehabilitation related to physical therapy or vocational services. There is a provision for death benefits including funeral costs and lost wages. Both the employee and the business owner benefit from this coverage. It provides a safeguard to the employee and prevents the employer from being engaged in a lawsuit