As a business owner, you have a legal obligation to provide your employees with certain benefits in the event of a workplace accident resulting in injury or death. State law mandates the type of coverage your employees are eligible for, but a workers comp insurance broker can give the specific details about the risks and liabilities your employees face.
Workers Comp Coverage
Most often, a workers comp policy will include the following:
- Medical costs associated with treating work-related employee injuries or illness
- Lost wages for employees on medical leave due to injury, rehab or illness
- Ongoing care expenses such a rehab or therapy services
- Death benefits and funeral expenses in the event of accidental death
- Legal costs for lawsuits or claims arising from the incident
If your employee has brought a claim to your attention, it is very important that you treat the matter seriously, no matter how minor it may seem. You will definitely want to contact your workers comp insurance broker right away, in order to follow the steps necessary to secure the best possible outcome with a settlement.
Be sure your employees have been informed of their rights and benefits when it comes to workers comp incidents. In addition to education, preventive safety measures and training are equally important to provide a safe working environment.