We all know the basics of workman’s comp: it helps cover wages and medical expenses from work-related injuries. But there’s a lot more you and your employees need to understand about this benefit.
Here are the top five questions you should ask your insurance provider about workman’s comp coverage.
What does workman’s comp cover?
If an employee suffers an injury while on the job, they’re entitled to receive workman’s compensation. Injuries covered may include a slip or fall, an accident with machinery, or a sprain or strain.
What does workman’s comp not cover?
There are incidents that aren’t covered. Examples include injuries that are:
- intentional or self-inflicted
- received while voluntarily participating in off-duty activities
- the result of a fight started by an employee
- caused by being intoxicated in the workplace
Is an employee receiving workman’s comp also eligible for unemployment or disability?
Workman’s compensation will affect benefits employees might receive under other programs. Your benefits administration area should be prepared to provide injured employees with specific information regarding long-term disability and unemployment.
Can employees sue their employer for job-related injuries or illness?
An employee who willingly accepts lost wages and medical benefits from their employer generally cannot sue. The only exception is when an employer has been knowingly reckless.
Am I required to have workman’s comp insurance?
It depends on your state’s laws and other factors such as the number of employees, type of business, and type of work. But it’s important to know workman’s comp doesn’t usually cover independent contractors, farmers, volunteers, and seasonal workers. You might explore other insurance options to protect your business from claims these individuals may have.
Do you have questions about employee benefits or business liability? Reach out to us now to get answers. You’ll feel confident you have the right coverages in place and are administering them correctly.