Workers' compensation is must-have insurance for companies with employees in order to provide benefits to employees who are injured or become ill on the job.
Through this program, workers receive benefits and medical care, and employers can know that they did what they could to avoid being sued by the employee.
Workers' compensation is administered at the state level through the U.S. Department of Labor's Office of Workers' Compensation Programs. Every state requires employers to purchase workers' compensation insurance to help ensure that employees, affected by illness or injury, and their dependents, are protected against significant hardships in case of injury, illness, or death.
For the record
As an employer, ensure that your employees and management staff know that accident reports must be completed when an employee is injured or claims job-related illness. It is important to provide the claims filing forms from your chosen workers' compensation company. Also, work closely with your workers' compensation agent to help ensure that both the employee's medical needs and your liability are covered.
Follow the guidelines we provided and make sure the claims are completed thoroughly and in a timely manner. Remember, you can also contact your state workers' compensation office for help.