Workers’ compensation coverage provides employees with medical care and compensation for lost income when injured in the course of employment.
Why do I need a Workers’ Compensation policy?
By statute, most states (and many clients) require employers to carry Workers’ Compensation coverage, which protects employers as well as employees. By protecting employees injured on the job, Workers’ Compensation also serves to protect employers from costly lawsuits and payments.
What is Employers Liability coverage?
Employers’ Liability insurance protects your practice when sued by an employee (or an employee’s family member) for negligence that contributed to a work-related injury or illness (i.e., providing a safe and healthy work environment).
Medical Benefits: Provide four types of benefits, such as surgical, hospital, nursing, medication, special equipment, and transportation expenses, including a variety of related incidental expenses
Disability (Loss of Income) Benefits: Replace part of an employee’s lost income who are unable to work due to work-related injuries.
Rehabilitation Benefits: Includes medical rehabilitation (i.e., physical therapy) and vocational retraining (if needed) for a different occupation
Survivor (Death) Benefits: Compensates spouses, children or other relatives of deceased employees, subject to state-centric payment statutes