As a business owner you’re required by law to carry workers’ compensation insurance coverage. Naturally, you strive to keep your workplace as safe as possible, but accidents sometimes happen nonetheless. When they do, workers’ compensation insurance provides coverage and protection.
Workers’ compensation insurance serves two purposes: First, it assures that injured workers get the proper medical care and monetary compensation for a portion of the income they lose while they are unable to work. Second, workers’ comp insurance can protect you, the employer, from lawsuits by workers injured while on the job. Worst case scenario, for an accident that ends in the death of an employee, workers’ compensation insurance provides death benefits for the worker’s dependents.
Any injury, large or small, that an employee sustains on the workplace premises or anywhere else while they are acting under the scope of employment is covered under an employer’s workers’ comp insurance. For example, if an employee was driving a delivery vehicle and was injured in a car accident, workers’ compensation benefits would cover their claim.
Each state within the United States has its own workers’ compensation laws, the circumstances under which workers’ compensation is available to workers, the amount of benefits that a worker may receive, and the duration of the benefits paid to an injured worker, vary by state. Fearnow Insurance Inc., team of independent insurance agents are fully abreast of the ins and outs and can help you understand the details. For commercial insurance in Wesley Chapel, FL, contact us today for more details.