Workers’ compensation insurance provides coverage to employees who get injured while performing job duties. Even though regulations associated with policy does vary from state to state, employees with one or more employees should carry this insurance to mitigate risk. As Charles Spinelli says,workers’ compensation insurance generally provides compensation for medical expenses, lost wages, and rehabilitation costs of the employees. In the event of an employee work-related death, such policy also pays death benefits to the family members of the employees. 

Charles Spinelli provides insight into workers’ compensation insurance

Workers’ compensation insurance pays important benefits to the employees if they get injured or sick because of their job. These benefits can include covering the cost of medical treatment and ongoing care, providing payments to cover lost wages as well as even death benefits. In the majority of states, businesses have to invest in workers’ compensation insurance for their employees, even if they only have just a single employee. This insurance allows employees to pay for qualified workplace injury or illness expenses. Based on the state laws these may include:

• Medical services: Provides coverage for medical-related expenses needed to treat an injured or sick employee.
• Rehabilitation services: Covers the expenses associated with the care required by an employee to get back to work, such as physical or occupational therapy.
• Lost income: In case an employee requires time off to recover, workers’ compensation insurance will cover a portion of the missed wages.
• Vocational training: Certain workers’ compensation insurance may even cover the training costs that would help a worker develop the skills and education needed to return to work within restrictions, set by a physician, related to the injury or illness of the employee.
• Disability benefits: If a work-related injury causes a partial or permanent disability then the employee shall be provided with disability benefits.
• Death benefits: A specified amount is paid to the family or dependents of the employee in the event of a work-related death.

Every state determines the amount and duration of workers’ compensation benefits as well as how those benefits shall be administered. These benefits are paid regardless of who is at fault. Moreover, workers’ compensation laws ideally prevent employees from suing their employers for a work-related injury or illness. Hence, workers’ compensation benefits both businesses and their employees. 

As Charles Spinelli says, workers’ compensation claims shall be paid in case the employer or insurance company confirms that the injury, illness or death of an employee was work-related. If the insurer or employer ends up rejecting the workers’ comp claim, then a workers’ compensation judge would decide on the case. To cut down on workers’ compensation costs, employers should follow certain preventive measures and safety training programs that help lower the risk of workplace injuries. Certain employers are, in fact, required by law to have safety programs in place. By putting a higher degree of emphasis on prevention, businesses would be in a better position to help safeguard their employees as well as minimize the financial and operational impacts of workplace accidents.