Things You Need To Know About Workers’ Compensation
Each state has regulations requiring companies of a particular size to offer workers' compensation coverage to their workers. If you are subjected to workers' compensation regulations or choose to retain coverage willingly, you should be informed of the types of benefits available and the procedures to follow if a work accident happens. You must also be familiar with the specific implications of payments and how other benefit payments interact with workers' compensation. Here are the top things to know about workers’ compensation. What Is Workers’ Compensation? Workers' compensation, often referred as workers' comp, is a type of insurance that pays benefits to injured workers or sick on the job. It assists them in covering medical expenses and lost earnings while they are unemployed. Workers' compensation insurance often covers bodily injury or amputation, occupational disease (such as emphysema), repetitive strain injury, permanent disability, medical c...