Mishappenings don’t come with the warning. Anything could happen and you should be well prepared for the same. If you are an employer and have a company with working some employees under you, then you should make sure to purchase workers compensation insurance.
If an employee gets injured or disabled while performing a job duty under your company, then he can sue your company for the compensation. Workers compensation would provide you with the cover for the payment of the medical bills, wages and the permanent wages in case of the permanent disability. Apart from some states in the United States like Texas, every state has made it compulsory for the workers compensation. Here is why you would need workers compensation.
The need for the workers compensation insurance
Apart from the mandatory rules created by the government, it is important so that you don’t have to spend the money from your pocket. It is a requirement especially when you have a construction company or any other company that contains the risky jobs. Also, you work is also affected when you don’t have a workers compensations as you are losing money every day until the employee is admitted into the hospital. The insurance company would take care of the wages and all the expenses on the employee that could have spent with your company.
How to claim the workers compensation during the time of any mishappening
In case, if a worker is injured during performing the job with your company, immediately report the incident to the insurance company as the delay might result in the not getting any benefits. Here are the steps that you have to do and these points also tell you why workers compensation insurance can be beneficial.
- Prepare the paperwork: It is your responsibility to prepare the paperwork as any delay in the process can harm you. Report the insurance company as soon as possible. The paperwork provides the details like the time of the incident, company’s name, etc.
- Care by a medical professional: the employee would be under the care of the medical profession and he will prepare a document stating the injuries and the time when the employee would be fit for the job again.
- Approval of the claim: Now, after the employee been hospitalized, you would have to wait for the approval or the rejection of your claim. The insurance company would analyze the documents and would get in touch with you.
- Preparing the employee to get back to the work: When the employee has been treated and fit for the work again, the doctor would create the documentation stating some prohibitions. You would have to take care of the prohibitions and bring him back to the work.
Now if you didn’t have any insurance, you would have to go through everything all by yourself. Your money and time would have been wasted completely if there was no insurance. So take care and get one now.