What Does Workers Comp Insurance Cover?

Workers compensation is required in Idaho Falls, ID and will cover expenses that are related to an employee’s work-related injury or illness. It can cover immediate costs, as well as long-term costs. There is also a portion that will cover legal fees if an employee is suing your organization.

1. Medical Costs for Immediate Illnesses and Injuries: While a business should take every precaution to prevent illnesses and injuries, accidents can still happen. When an employee does get injured, an employer is usually responsible for covering the cost. Workers comp insurance can pay for the emergency room visit, ambulance ride, and other medical bills.

2. Lost Wages: If an employee has an accident and he or she can’t work for a while, you may still be required to pay a portion of their missed wages when they are in recovery. This may also mean you still need to find, train, and pay for a temporary replacement worker. Missed work can be a huge expense, so workers comp can reduce this financial burden. When choosing a policy, you have the option of a fixed dollar mount or to cover a percentage of lost wages. Ask an agent at Insure It All to figure out what is best for your business.

3. Ongoing Care: If an injury is severe and the employee needs ongoing care, these policies can cover the cost.

4. Death Benefits: If there is a tragedy and it ends with an employee’s death, insurance can cover funeral costs and death benefits for support payments to the employee’s dependents. These benefits can be useful if you work in a high-risk industry.

5. Legal Costs: If you face a lawsuit because of an injury, your worker’s comp policy can cover the associated fees.

Contact Insure It All, serving Idaho Falls, ID, to get a quote on workers comp insurance.