What Does Workers’ Comp Cover?

The Kickstand Team
February 6, 2023

Are you thinking about investing in workers’ compensation insurance, but you’re not sure if it’s worth it?

Prioritizing the health and safety of your employees - and your business in general - is always important, so getting behind an insurance policy that backs this up means your business intentions are in the right place. 

Why Do I Need Workers’ Comp Insurance?

If your employee gets injured on the job, workers’ comp will help defray medical costs, as well as cover a large portion of lost wages while your employee is out recovering. 

Employers benefit in multiple ways from having workers’ comp.

  1. Workers’ comp policies include an additional coverage called Employers Liability.
    This coverage protects both the employer and the company. It is triggered when the employer is sued by the injured employee or their family if they choose to sue for more money in addition to the work comp benefits that are already being paid to the injured worker.
  2. Workers’ comp will save you a lot of money by providing financial assistance for medical costs and lost wages to the employee.
    Without workers’ comp insurance, a work related injury can financially devastate your business with legal fees and medical fees.
  3. Additionally, workers’ comp is required in most states to be compliant with the law.
    Once your business has a certain number of employees, or in some states even 1 employee, it is required by law. In some states, these numbers vary depending on the industry in which your business operates.

What Does Workers’ Compensation Cover? 

But what exactly does workers’ comp insurance cover? Does workers’ comp cover all medical bills, and nothing more?

Let’s take a closer look at what workers’ comp coverage can do for you if an employee gets injured on the job.

Workers’ compensation coverage allows you to cover costs associated with an accident that occurred in the workplace so you don’t have to pay anything out of pocket.

Does workers’ comp cover all medical bills? 

If employee injuries amount to needing medical treatment, a workers’ compensation policy will cover the cost of medical care. This also includes therapy expenses needed during the recovery process.

Does workers’ comp cover lost wages?

The insurance company will take care of the wages lost by your employee when they’re out of work because of an illness or injury that occurred while on the job.

Does workers’ comp cover funeral costs? 

In the event of a fatal workplace injury, workers’ comp will help with the funeral and burial costs. In some cases, it can also provide financial assistance to the family and loved ones of the deceased employee.

Does workers’ comp cover legal expenses? 

Large and small businesses alike can benefit from a workers’ compensation policy, as it can help cover any of the legal costs that may fall in your lap if an employee brings legal action against your business. 

Tips for Making the Most of Your Workers’ Compensation Insurance Coverage 

Want to make the most of your workers’ compensation policy? Consider these tips:

  • Go with the higher employers liability limit.
    A higher limit may be intimidating at first, but it can save you at the end of the day if your business faces greater legal trouble than workers’ compensation. Plus, the difference in premium is not expensive.

  • Understand your state regulations.
    Each state has different regulations regarding indemnity benefits.
    Understand how much money your injured employee will be paid while on leave before signing up for a workers’ comp policy.

  • Remember that safety is most important.
    Don’t let the cost of workers’ comp keep you from protecting you and your employees. 

Work with Kickstand Insurance 

Finding a workers’ compensation insurance policy that fits your business wants and needs doesn’t have to be complicated.

Use Kickstand Insurance’s instant quote software so you can start protecting your employees in no time.

We’ll give you your estimated premium, then an insurance expert will contact you for clarity and adjustment, if necessary. Once underwriting approves your policy, you can immediately move forward with your new policy and reap the benefits instantly.

What are you waiting for? Get your Kickstand quote today. 

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