Understanding Workers Compensation Insurance
If you are operating a business and have employees, workers compensation is legally required. Workers Compensation insurance safeguards your business from employee injuries or disease during the course of employment. By having Workers Compensation Insurance, employees must turn to workers compensation as the only cure for injury compensation and generally can’t sue their employer. This insurance coverage can greatly protect your business from costly medical expenses and legal actions related to employee injuries.
What is Covered Under Workers Compensation Insurance?
Policies can provide coverage for the following:
- First aid, ER, and other medical costs in regards to injury
- Prescription Medication
- X-Ray and MRI tests
- Survivor death benefits
- Rehabilitation expenses during physical therapy
- Lost income reimbursement or indemnification payments