Workers Compensation
Workers Compensation Information
Workers’ Compensation Insurance
If someone gets hurt, sick or sustain a disability because of hazards in the workplace, then their source of income might be cut off. They need the assurance that they will have support in their recovery. A quality workers’ compensation insurance plan will help them receive this assistance with the support of their employer.
Workers’ compensation is an insurance plan carried by the business but benefitting employees. It is an essential piece of your overall risk management strategy, both when preventing workplace injuries and responding to them when they occur. With both the experience and expertise to craft benefits to the advantage of all commercial policyholders, Richard Turner Insurance is committed to helping all California businesses design the workers’ compensation benefits that are best for them.
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Common Workers’ Compensation Insurance Questions
What is Workers’ Compensation?
Occupational accidents and injuries could impact any employee, anytime. These might include:
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Repetitive motion injuries sustained over years of repeating the same activity.
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Toxic exposure injuries that arise from working in hazardous environments.
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Injuries sustained in work-related vehicle accidents.
Workers’ compensation insurance can protect both the employee and the employer from the ramifications of these accidents. With it, the business can offer the employee financial assistance during their recovery in both a managed way and without excessive liability to itself.
How Does Workers’ Compensation Work?
When someone gets hurt at work, they might have to take time off to recover. Their injuries might temporarily or permanently impact their ability to work at the same level they once did, if at all.
Along with medical bills and other recovery costs, injured employees could face the strain of no longer having a regular paycheck. This could impact their ability to afford their recovery costs, pay everyday expenses and otherwise lead a normal life. Workers’ compensation insurance can eliminate that uncertainty with its income support benefits. Most plans provide:
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Medical Benefits: These payments will cover the costs of necessary medical care related to injuries and illnesses.
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Income Assistance: If you lose your regular paycheck because of a qualifying injury, then this coverage can help replace it. Depending on your circumstances, you might qualify for short-term, long-term or lifetime benefits. Some plans will continue to pay benefits if you can return to work, but at a lower pay grade due to your injury.
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Death Benefits: Should an employee get injured on the job and die, then their survivors might be entitled to a death benefit. It will replace the deceased’s income for a designated time.
How Much Does Workers’ Compensation Pay?
To qualify for workers’ compensation in the first place, you must be able to prove that your injury arose as a result of your work. However, not all injuries are created equal.
Workers’ compensation insurance plans will use certain formulas to determine how much money you can receive, and for how long you can receive payments. Depending on the nature of your injury, and the evidence supplied by the physician who treats you, your benefits amounts and timelines can vary. Sometimes, you will be allowed to return to work in a diminished capacity but can continue to receive benefits.
Why do Businesses Need Workers’ Compensation?
A benefit of workers’ compensation is that it frees the employer from liability in many cases. If an employee files for workers’ compensation, then they usually give up their right to sue the business over their injury, except in limited cases. Therefore, coverage is one of the easiest ways for a security conscious business owner to both manage employee injuries and avoid the ramifications of legal action.
State law mandates that nearly all California businesses with at least one employee must carry workers’ compensation benefits. Both full-time and part-time employees can trigger this requirement. Additionally, sole proprietors have the option to buy this coverage to suit their personal needs.
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