As a business owner who has employees on staff at your place of business, workers compensation is essential.

Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.

Workers Compensation Insurance is designed to help companies (or individuals with domestic employees) pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. FYI: Workers Compensation Insurance is not health insurance and it is designed specifically for injuries sustained on the job.

If you have employees, you are required to carry Workers Compensation coverage. The state does random inspections and can shut down any business not in compliance.

As an employer, you have a legal responsibility to your employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken.

Workers Compensation coverage protects employers from lawsuits resulting from workplace accidents and provides medical care and compensation for lost income to employees hurt in workplace accidents. Workers compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.

Workers compensation provides payments to injured workers--without regard to who was at fault in the accident--for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.

Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.

Contact us for more information.