What is Workers' Compensation Insurance?
Workers’ compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee’s right to sue his or her employer for the tort of negligence.
Additional Information about Workers' Comp Insurance
While plans differ among jurisdictions, provision can be made for weekly payments in place of wages (functioning in this case as a form of disability insurance), compensation for economic loss (past and future), reimbursement or payment of medical and like expenses (functioning in this case as a form of health insurance), and benefits payable to the dependents of workers killed during employment (functioning in this case as a form of life insurance).
General damages for pain and suffering, and punitive damages for employer negligence, are generally not available in workers’ compensation plans, and negligence is generally not an issue in the case.

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Benefits of Workers' Compensation

Workers' compensation is required in most states with businesses with 1 or more employees, but is it really worth it all? These are the standard benefits of workers' compensation insurance

How's it help?

You and the staff are assisted by statutory workers' compensation benefits. For staff injured or sick due to work-related activities. Accidents happen, but the compensation of employees helps give your organization a safety net.
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Benefits for Employees
Medical Bills
A portion of lost wages
Funeral expense if a work-related event results in a death
Benefits for your Business
Vocational rehabilitation services to help get your employee back to work.
Help with legal costs in the event of a lawsuit

What's covered in a workers' comp policy?

Coverage varies by state, but some examples of items typically covered have been mentioned. Please see your policy contract for a full list of what's covered in your jurisdiction.

What's covered?

Lost Wages
Medical Expenses
Rehabilitation
Death Benefits

What's not covered?

One due to an employee being intoxicated or using illegal drugs
Injuries that occur while not on the job
If an employee's conduct violates company policy
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