Workers’ compensation helps provide insurance coverage in the event an employee is injured or killed at work. When injured, workers’ compensation helps pay for medical bills and lost wages while the employee recovers. In addition, workers’ compensation helps protect you as the business owner, reducing the risk of being sued for damages and negligence associated with an employee’s injury. Business owners in Coppell, TX, should call the experts at The Select Insurance Agency today to discuss how workers’ compensation can protect their business assets.
What is Workers Compensation Insurance?
Workers’ compensation insurance provides money to cover medical expenses, rehabilitation costs, and lost wages to employees who become injured or ill, related to the scope of their job.
Who is Required to Carry Workers Compensation Insurance?
All states require businesses with non-owner employees to purchase workers’ compensation insurance to cover their employees in the event of an on-the-job accident. Business owners who do not provide workers’ compensation coverage may face severe repercussions when they have to pay for injury claims and fines out of pocket. Additionally, business owners who fail to purchase this insurance may face imprisonment or lose their right to conduct business in the state.
How Does a Workers Compensation Claim Work?
When an employee becomes injured on the job, they must visit a healthcare professional immediately to document injuries to support their claim. Employees can begin the claim process by filing the necessary paperwork, and when approved, they will receive compensation payments. Then, when ready, the employee can return to work.
Business owners in Coppell, TX, needing help with their workers’ compensation insurance policies, can reach out to the experts at The Select Insurance Agency. Our agents can help answer your questions and get you the best insurance plan for your business needs.