Find out what to know about the different types of workers’ compensation benefits.
Workers’ compensation is a must for all businesses. Not only is workers’ compensation required by law in most states across the country, it helps to protect your business and employees from disaster. Sometimes accidents are inevitable. Despite your best efforts, an employee gets hurt on the job. With workers’ compensation insurance, your business is protected from liability and your employee gets certain resources to help them get back on their feet.
Medical Coverage:
When injured on the job, medical attention is necessary. Getting the required medical attention is often expensive. Workers’ compensation insurance provides the necessary coverage to cover such medical expenses. From doctor’s visits and hospital stays to medications and diagnostic tests, workers’ compensation has you covered.
Disability Coverage:
After sustaining an injury on the job, employees may be left with a disability. Whether the disability is short term or long term, it can have a serious impact on the quality of life as well as the employee’s income. With workers’ compensation coverage, your employee is given some disability coverage if necessary. This typically depends on the severity of the injury and whether it lasts past the waiting period. However, the specific rules vary depending on the state.
Rehabilitation Coverage:
After an injury, it’s can take time to recover. While assistance with medical bills is a primary component of workers’ compensation insurance, it also offers some vocational rehabilitation coverage. This benefit assists employees with training for new positions if they are unable to return to their original job position. That way they’re best able to transition into a new role rather than having to rely on disability benefits.
Get the right type of workers’ compensation coverage. We at PMC Insurance Group are experts on workers’ compensation and can provide quality and up-to-date insurance for you to sell. To learn more about getting competitive coverage for your small business and construction clients, contact us today.
