Worker-Compensation

This is the insurance that provides benefits to the employees who get injuries or illnesses during the work or due to the work. Specifically, this insurance helps pay for medical care, wages against the days offs taken due to the injuries or the illness.

Workers’ Compensation Insurance:- Secured businesses and the employees from financial loss when an employee gets hurt/sick on the job. Workers’ compensation is also known as workman’s comp. These all are having the same sense that safety of employees from potentially devastating costs of work-related injuries.

What Does Workers’ Compensation Cover?

The Hartford’s workers’ compensation insurance covers employee’s treatment cost, lost wages, ongoing care expense, as well as funeral expenses if an employee is dies due to injuries or the sickness happened during the work.

What Is Not Covered by Workers’ Comp?

Worker’s compensation insurance helps to secure the business and employees whenever it comes under the covered loss, but when it comes to the not covered cases, it does not provide the protections on those events. These vary from state to state and are typically determined by the different state laws.

 Below are some examples where most of the Worker Compensations do not provide protection.

• Injuries received during the fights between the employees.
• Worked in the drunken condition and got injured.
• Intentionally gets the injuries.
• Emotional injuries or trauma.

How Do I Get Workers’ Compensation Insurance?

Workers’ compensation insurance can be bought online or by the agent, your business state determines your workman’s comp policy requirements. There are many factors determining the coverage and how much you should pay for it. Here's some information to know before buying a policy:

• How many employees need coverage?
• The number of employees at your business.
• The type of work employees will be doing.
• Your payroll size.

It is important to note that not all the insurance companies sell this directly to the business; some providers sell it only through the agents.

State law decides the deadline for the provider to respond on the claims submitted by the injured employees and this is different in each state. In most of the states, it is within two to three weeks after submission of the claim.

It bears all the expenses of hospital and medicals those are important to diagnose and treat your injury. But it also provides disability payments while you are unable to work (typically, about two-thirds of your regular salary).

You are not eligible to receive workers compensation payments for disability up to the 7 non-working days; you are eligible to receive worker compensation for 14 or more non-working days. If you are suffering from some serious and permanent disability due to injury on the job, you may be eligible for a life pension payment from workers' comp. In many states, you do not need to provide any proof for not to be able to work in order to have a eligibility for a lifetime workers' compensation pension.

Reasons for Denial of a Claim

you are not eligible for worker compensation if you come across any of the below situations.

You don’t meet any serious injury. 

Your injury or the scope of employment is something like you don't need medical treatment for your injury.

You don't need time off work for your injury.

Injured workers must have to inform to their employer when they met any of such work-related injury or develop an illness related to work....If they do not report the illness within this period of time, the employer may be able to deny the claim.

Just like other insurance policies, the premium cost varies according to the nature of the business, its size, risk factors and the location. Typically, a small business owner with a few employees can expect to pay around $2,000 to $3,000 in Workers Compensation Insurance premiums annually.