Workers Compensation Insurance
Ensure employee protection
Workers compensation insurance is a contract between an employer and an insurance company, with the purpose of providing financial protection in the event that an employee suffers a work-related injury or illness. This coverage is mandatory for most employers and is intended to cover the medical costs and lost wages of injured employees. Additionally, it protects the employer against potential lawsuits arising from work-related injuries by employees.
The main coverages include:
Medical benefits
- Covers medical expenses necessary to treat an employee's work-related injuries or illnesses. This includes doctor visits, hospitalization, surgery, prescription drugs, and other necessary medical treatments.
Temporary disability benefits
- Covers wages lost during recovery from an injury or illness that temporarily incapacitates the employee from working.
Permanent disability benefits
- In cases where the injury or illness leaves the employee with a permanent disability, this coverage provides compensation based on the severity and nature of the disability.
Death and survivor benefits
- If an employee dies as a result of a work-related injury or illness, this coverage provides benefits to the dependents of the deceased employee, including compensation for lost income and funeral benefits.
Vocational rehabilitation
- Provides vocational rehabilitation and training services to help injured employees reenter the workforce after an injury that affects their ability to perform their previous job.
Legal defense and related costs
- Covers legal costs and attorney fees related to defending employers against workers compensation claims.
*It is important to keep in mind that the terms and conditions of the insurance companies may vary for each coverage. Therefore, it is essential to review carefully to fully understand the extension and any exclusions that may apply.
