Workman's comp insurance

Workers Compensation Benefits Explained

Workman’s comp insurance is a type of insurance purchased by employers that cover work-related illnesses and injuries. It is often referred to as “workers comp.” Workers compensation is often state-mandated through a program that requires compensation to works injured or disabled while doing their job. In most cases, employees are entitled to workers comp regardless of who was at fault for the injury.

Incidents Covered

Workman’s comp insurance is designed to cover injuries that result from either an employee’s or an employer’s carelessness. Although the range of covered injuries is broad, there are limits. For instance, alcohol and drug tests might be mandatory for an injured employee. Benefits may be denied if the individual is found to have been under the influence when the injury occurred. Self-inflicted injuries may also be denied.

Expenses Covered

Typically, workers comp insurance covers

  • Costs of retraining
  • Death benefits
  • Immediate medical care
  • Long-term medical care
  • Lost income
  • Permanent injury compensation

It also may provide protection to employers from lawsuits related to the injury. Many times, benefits do not cover pain and suffering. When it comes to lost wages, most policies cover 2/3 of the worker’s average wage. There are limits to this coverage as well.

Workman’s comp insurance is benefits both employees and employers. Employees don’t have to worry as much about getting hurt on the job and employers don’t have to live in fear of lawsuits.