The government mandates that each company should take a workers’ compensation insurance, to safeguard the safety and wellbeing of employees at the workplace. The article highlights some of the benefits of having the insurance cover.
While many employers go to great lengths to ensure safety at the workplaces, accidents occur at times, often with debilitating consequences. To this end, the federal government mandates that every employer carries a worker's compensation insurance. The cover aims at ensuring employees receive compensation and medical attention for injuries suffered at the workplace, regardless of who was at fault.
In essence, carrying a Florida workers compensation insurance shields the employer from a lawsuit that would otherwise result when an employee sustains an injury or dies in the course of their job. More than looking after the interest of the employer, the cover holds a myriad of benefits for the worker as well.
Covers a broad range of injuries
Employees can sustain a multitude of injuries in the course of their job ranging from carpal tunnel to back injuries, loss of limbs or even loss of sight or hearing. However, the leading cause of work death claims is road traffic related accidents that occur when employees take work-related trips, whether in the company’s car or their vehicles. It is important to note that the cover is not inclusive of accidents occurring to and from work.
Under the insurance cover, a worker who sustains injuries in the course of performing their duties, have access to medical care until they achieve full recovery. With the soaring cost of medical assistance, the policy ensures workers receive the best medical care without incurring a fortune in bills. Most insurance carriers furnish the claimants of their preferred health providers and require claimants to seek medical care from them.
Loss of income
Some injuries can be debilitating to the extent of causing partial or permanent disability, leaving the worker unable to execute their duties properly. When the disability is partial, the employee receives temporary disability pay for a specific number of weeks. Typically, the compensation works to about two-thirds of the weekly wages.
Although mandated by the federal government, workers compensation insurance covers carry a boatload of benefits for both the employer and employees.