Most employers in all the 50 states are required to have workers compensation insurance for all their employees. Failure to enroll workers to the work comp insurance scheme can attract both civil and criminal penalties,so most employers are compliant. Workers Comp is a type of insurance that helps to ensure that injured workers get proper medical treatment when injured at the workplace. The insurance cover also ensures that employees continue to receive partial wage payments even when they spend weeks,months or years out of work. The following are reasons why workers compensation is important.
1. Ensures Injured Workers Get Proper Medical Treatment
When workers are injured while working for their employer,work comp will ensure that they will get proper medical treatment. If it doesn’t,aworkers compensation attorney can prove invaluable.Once the injury has been reported to the employer and a claim has been submitted to the work comp board in the state as well as the insurer,the injured worker will get medical benefits to ensure they get essential medical treatment for their injuries.
2. Protects Employers from Lawsuits
In a high-risk work environment,accidents and injuries are bound to occur,which is why workman's comp are so important. By signing up every worker to work comp insurance,employers can be minimize their exposure to liabilities arising from injury lawsuits. After all,employees usually give up their right to sue the employer when they are covered under workers comp insurance.
3. Protects the Workers’ Job
When the injured worker has to spend weeks or months out of work,employers may be tempted to fire them and hire a replacement. Under work comp laws,however,this is illegal. The injured worker will continue getting medical benefits and disability benefits at the rate of two-thirds of their weekly benefits until they have recovered enough to resume their duties. Under work comp laws,therefore,workers can be assured of retaining their jobs when injured.