Covering Employee Accidents

Covering Employee Accidents

workers comp insurance

An employment contract usually addresses the manner in which employee accidents will be covered. For an employer, there is a legal obligation to provide working conditions that are reasonably safe and hazard free. In the event of an accident, workers comp insurance can provide the coverage needed to address employee injury or harm.

Two-Fold Purpose Offering insurance usually serves two purposes:

  1. It provides partial compensation of lost wages when employees are injured and unable to return to work.
  2. Employers are protected from lawsuit if an employee is injured while on the job.

Types of Coverage

Workers comp insurance is subject to state laws and regulations. These rules inform what kind of benefits an employee receives and what injuries are covered. They also address how damages are to be evaluated and remedied. Areas of coverage generally include:

  • Vehicular accidents
  • Injury resulting from employment tasks
  • Workplace violence
  • Occupational illness or diseases
  • Natural disasters

Types of Benefits

Most often, insurance covers a portion of wages lost if an employee was injured on the job and unable to fulfill his position’s requirements. The amount and duration of coverage varies by state. Additionally, reasonable and necessary medical expenses are often covered as an insurance benefit.

Proving workers comp insurance protects both the employee and employer in the event of a workplace accident. With the right plan, you can comply with state regulations, minimize financial loss and provide for employee medical concerns following an incident.