If your business is the cause of an accident or illness, it will be liable against most–if not all–charges brought against it. This is where workers' compensation can help.
Workers' compensation covers the expenses that come with an employee-related work injury or illness. This can include the cost to the hospital in an ambulance and extended costs like lost wages or physical therapy. It can even cover your legal fees if an employee chooses to sue. Let's take a more detailed view as to what workers' compensation covers.
- Medical Costs to Treat Injuries/Illnesses
Your business should take every available measure to prevent all workplace injuries and illnesses. But, try as we might, accidents are bound to happen. If an employee gets injured or ill and needs medical treatment, workers' compensation comes in not only to relieve your employee of the costs, but to save your business from a potentially nasty lawsuit.
- Legal Costs in Case of a Lawsuit
Unless your workers' compensation has an "exclusive remedy" clause in it, your employee has every right to sue you for the injuries that befell them. Unfortunately, not all injuries are the same and your employee may feel entitled to more if the limits don't cover the medical costs. Workers' compensation can help cover the legal costs of the lawsuit.
- Lost Wages
What happens when your employee breaks his leg and can't work for a while? Most laws require you pay at least a portion of their paycheck until they are fit enough to come back to work. Workers' compensation can help cover those lost wages while they recover.
Workers' compensation along with your business insurance can help protect your business from lawsuits that are brought by your injured or ill employees.
Contact the insurance professionals at CV Mason Insurance Agency in Bristol, Connecticut.
