Protecting Your Employees Through Workers' Compensation Insurance

​Time and time again, many experts have emphasized that a company's greatest asset is its employees. Numerous individuals and groups are appealing to business owners, especially in these challenging times, to consider workers' well-being and health. 

COVID-19 has brought unprecedented challenges to the business sectors. The top concern of most business owners is to revitalize their business and restart their operations. But entrepreneurs must realize that they cannot restore their business all by themselves. They will need the assistance of their employees to keep their business afloat.

Showing Compassion Through Workers' Compensation
As business owners, you need to acknowledge that your workers play a vital role in your business's success. It is essential to show your compassion to your employees to boost their morale. One way of caring for your workers is by protecting them through workers' compensation insurance.

It is insurance coverage that can benefit your workers who got injured or sick while performing their job by replacing their salary, covering medical expenses, and giving rehabilitation programs.

Workers' Compensation Is Mandatory
All states except Texas require all employers to have workers' compensation insurance. However, the level of coverage varies from one state to another. The definition of covered employees is not standard across the country. Each state has a list of workers who are covered by the insurance policy.

The types of injuries covered and excluded in the insurance policy differ in each state. Even the statutes of limitations and employer defenses vary in each state. Hence, the type of coverage covered under the workers' compensation depends on the business location.

Types Of Benefits

• Medical coverage. It pays the medical expenses associated with the worker's illness or injury, such as drug coverage, medical treatment, hospital care, and physical therapy, among others.
• Vocational rehabilitation. Suppose the employee can no longer return to his previous job. In that case, the insurance policy can provide the worker with vocational rehabilitation programs to learn a new skill suited for his current capabilities.
• Disability. The insurance policy can provide benefits to pay the worker's lost wages due to a work-related injury. The duration and amount of benefit depending on the type of disability. The salaries are covered by the policy and how long it will be given from one state to another.

Conclusion
Protecting your employees is a good gesture that can trickle to the productivity of your workers. Besides, workers' compensation also protects your business's finances because, in case your employees got injured at work, your insurance policy can cover the associated cost. You do not need to take out money from your business funds to pay for the expenses. 

At Pro Financials & Insurance Services, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (708) 233-8870. You can also request a free quote by CLICKING HERE.