Workers' compensation insurance is a way to protect employees after they are injured on the job. It is important to take the right steps in order to maximize the benefits you receive. The most important step is to understand the myths around this type of insurance policy. Here, we will debunk six common myths about workers' compensation insurance to help you make the most of this type of insurance.
Federal and state laws mandate that your business carry workers' compensation insurance. Even if you are the only employee, it's important to be sure your business has this valuable coverage as your employer is bound by law to do so.
Even low-risk jobs come with their own set of risks that you need to be aware of. Carpal tunnel might start to develop while typing, or you could totally slip in the break room during lunchtime. Your employer needs to ensure that you're still covered no matter what type of work you perform.
Even the most careful employees can have an accident at work, especially if other people cause it. That's why we recommend you should make sure you have workers' comp to take care of any medical costs, missed wages, or insurance payments when necessary.
It is great that you have such a good relationship with your boss and feel like family, but employers have a duty to provide workers with basic benefits that protect their health and security, and the company still has to adhere to the law in terms of what they must provide you as an employee in the way of benefits.
Perhaps your boss has promised to compensate you for any medical costs arising from an accident on the job. It is important to remember that your boss does indeed have the right to decline the request if the compensation claims reach a certain amount or impact many employees. You should always protect yourself by getting Workers' Compensation coverage so that regardless of how bad things get, you won't have to worry about dealing with any financial consequences.
Perhaps you've had a twinge in your back while lifting boxes at work, but it goes away as soon as you rest. However, if you can remember a specific incident when it happened - like when you fell down the stairs at home - then it might not be related to your job. If it originated from an activity or injury that occurred outside of work, don't file for a claim.
Workers' compensation insurance is an important component of your workplace safety, and it's important that you know what it covers. That way, you can be prepared for any injuries and get the help that you need. Our experts here at Weeks & Associates Insurance Services are at your service to help you get most of your coverage. Contact us for more information about your insurance policy and coverages.