Running a business involves an inherent level of risk. For example, no matter how careful you are about safety, it is always possible for a worker to get hurt on the job. Fortunately, you can take steps to protect your workers and your business by getting workers’ compensation insurance. This type of insurance is designed to cover the medical expenses and lost wages of injured workers, so you don’t have to pay these costs out of pocket. In this article, our team at Pietila Family Agency will explain some key information you should know about workers’ compensation insurance.
What Workers’ Compensation Insurance Covers
The first thing you need to know about workers’ compensation insurance is what this type of policy covers. If one of your workers is injured on the job, then your workers’ compensation insurance will cover all reasonable and necessary medical expenses related to the injury. This includes things like doctor visits, hospital stays, medication, physical therapy, etc. Your workers’ compensation insurance will also provide temporary disability benefits to replace the wages your worker loses while they are unable to work.
What Workers’ Compensation Insurance Does Not Cover
It is also important to know that workers’ compensation insurance does not cover all injuries in all circumstances. If your worker is injured while on their way to or from work, the injury will not be covered under your workers’ compensation policy, as it did not occur while the individual was performing duties. If you are not sure if a worker’s injury is covered under your policy, you can contact our team to have us help you figure it out.