Worker’s compensation insurance is a type of employer-paid insurance that provides medical and liability benefits for work related injuries and accidents as well as financial support to the employee while recovering. Any employer who regularly employs more than four workers full-time or part-time is required to get workers’ compensation insurance.
Depending upon the exact situations of the accident or injury, worker’s compensation offers huge benefits to the employees and protects the employer from employee claims. These include:
Medical Benefits: If an employee is affected from a job-associated injury or illness or accident or even the person who suffers from permanent disability will certainly get paid by either the employer or by the insurance company offering the policy coverage. The employee can get the medical benefits like doctor services, hospitalization, oral care, scanning and laboratory services and all other sensible care can be obtained from the doctors.
Wage or Income Benefit: If an employee undergoes temporary or permanent disability, he will get paid for loss of wages resulted in the event of a job related injury or sickness.
Temporary or Permanent Disability Benefit: If a doctor reveals that the wounded employee is not able to work due to the job-oriented illness or injury, then employee will get temporary or permanent disability benefits in the form of hospitalization if the employee is disabled for more than 2 weeks of his work. Permanent disability benefit is offered if he will never fully recover whereas temporary disability benefits would be stopped, if the health of employee is totally improved and returns back to his work.
Vocational Rehabilitation Benefit: Vocational Rehabilitation is paid when the worker gets improbable situation and he is not capable to do his normal job again. This cause is due to the job-associated accident and the employer will not provide other employment to that worker.
Thus seeking assistance from worker’s compensation specialists you can get a right worker’s compensation insurance for your workers or employees.