An accident at work may result in the need for medical treatments and care. Employees may need to take time off work to recover, and they might need help affording their care.
In many cases, workers' compensation can help injured workers. This is an important aspect of business insurance that no employer should neglect.
Medical Treatment After an Accident
The most prevalent coverage in workers' compensation insurance is medical care. The policy usually covers injuries or sicknesses caused by a work-related situation. Exceptions and limitations apply to certain work environments or specific types of injuries. The policy usually covers diagnosis and treatment for an injury or sickness.
Injuries do not always leave an individual with the same levels of strength or mobility. Retraining costs are often covered as part of workers' compensation insurance. The cost usually relates to your position in a job or training for a new position.
Lost income refers to the time you cannot work due to an injury. Business insurance covers part or all of the lost income while you heal. Disability coverage may also apply in workers' compensation insurance.
The coverage for lost income and disabilities depends on the policy. In most cases, it is a percentage of your normal income. The injury and your recovery expectations determine your options. You may have a limit on the time allowed for lost income benefits.
Benefits for Permanent Injuries or Benefits to Loved Ones
When an injury causes permanent damage to your health, you might receive a monetary benefit. Workers' compensation insurance also often gives your family a benefit if you die. The exact monetary amount depends on the type of ailment or injury as well as the policy.
You must read the details to determine the exact monetary benefit when you are not able to return to the job.
Limitations in a Policy
Workers compensation insurance sets limits and exceptions to coverage in the policy. The policy usually does not cover injuries caused by your carelessness. It also often does not cover accidents caused by ignoring company policies. If you start a fight or wound yourself purposely, the policy does not cover your treatment.
Business insurance coverage depends on the policy and the situation. Since employers offer workers' compensation insurance, you have some protection from injuries or sicknesses caused by your work. The key is recognizing the limitations and filing the paperwork when the injury occurs to avoid problems with your treatment.
We've got you covered. Call Williams & Associates Inc at (317) 549-8994 for a fast, accurate quote on El Paso workers compensation insurance.