Employees & workers are the real pillars of strength of any organization that strives to take the business to the next level. Whether it is a small scale, medium, or large scale enterprise, it is the dedicated workers whose hard work contributes to the identity of the brand. With such extreme dedication and hard work, it becomes the responsibility of the employer to cover their employees under Workers’ Compensation Insurance policy. What really matters in a workers’ compensation insurance policy? This is an important concern of many employers.
In this post, we will let you know what claims can be covered under workers’ compensation insurance and why it provides protection for both employers and employees.
What Is Workers’ Compensation Insurance (Lancaster)?
The workers’ compensation insurance policy is a much-needed product for every organization that is designed to protect both business owners and their employees in the event of uncertain events at the workplace. The nature of the ‘uncertain events at the workplace’ determines the coverage reach of the insurance.
In general, workers’ compensation insurance policy covers the statutory liability of an employer in case of bodily injuries, disability, and death of her/his workers caused by accidents arising during their employment. Coverage provided by the Workers’ Compensation Insurance (Lancaster) policy enables the employer to pay the compensation under the Workers’ Compensation Act.
Claims Covered Under Workers’ Compensation Insurance (Lancaster)
When a worker or employee is injured in the workplace, she/he is eligible to file a claim under the provisions of the Workers’ Compensation Act to help cover the cost of their injury. This claim can include the following:
- Medical treatment- Under the workers’ compensation insurance policy, an employee can file a claim for hospital costs, doctor visit fees, surgery, laboratory tests, and medical equipment like a wheel chair, if needed.
- If a worker or employee sustains a work-related workplace injury that prohibits them from continuing to work, workers’ compensation does pay for lost wages; even if the worker is partially or totally disable for more than a week.
- Ongoing care costs- Some severe injuries require long-term treatment, including therapy and rehab to cope and recover. Workers’ Compensation Insurance Lancaster is the only medium that enables the employer to potentially cover these costs.
- Death benefits- If a worker, unfortunately, dies because of severe injuries caused in the workplace, workers’ compensation insurance will pay for the funeral costs and provide the employee’s beneficiaries with death benefits.
Whether you are a start-up or an established business, workers’ compensation insurance is important to legally and financially protect your business from uncertain liabilities.