Workers’ Compensation Insurance

Workers’ compensation is one essential component of a business insurance policy. Workers’ compensation helps ensure injured workers get benefits when they have experienced a work-related injury or illness. It may also provide employers coverage for lawsuits filed by workers related to such instances.

What Is Workers’ Compensation Insurance?

This type of policy helps provide essential benefits to employees who suffer work-related injuries or illnesses. It is designed to help support injured workers financially and limit employers’ liability.

Workers’ compensation insurance typically helps cover medical expenses, rehabilitation costs and wage replacement for employees who suffer a work-related injury or illness. It may also provide disability benefits for workers who are temporarily or permanently unable to work due to work-related conditions. In the event of an employee’s death, coverage may provide death benefits to their dependents.

What Does Workers’ Compensation Insurance Cover?

Workers’ compensation typically covers injuries an employee sustains while performing tasks in the course and scope of their job. In addition to injuries from accidents, your policy may also cover certain illnesses and occupational diseases contracted due to employment.

While the specific coverage may vary depending on the jurisdiction and policy terms, the following are some common types of injuries and illnesses typically covered by workers’ compensation:

• Accidental injuries
• Occupational illnesses
• Preexisting conditions aggravated or worsened by work-related activities or conditions
• Mental health conditions
• Repetitive motion injuries

Who Needs Coverage?

The specific requirements for who needs workers’ compensation insurance vary based on location, industry and number of employees. However, in general, the following entities typically need to have coverage:

• Employers
• Independent contractors
• Sole proprietors and partners
• Nonprofit organizations

Contact Betzy Insurance LLC today to discuss workers’ compensation insurance. We can make coverage recommendations based on your specific organization.