If you own a business and you have employees, you need to have Workers’ Compensation Insurance. This is mandatory in Pennsylvania and if you do not carry any, you may be subject to lawsuits by employees and event criminal prosecution by the state.
Workers’ Compensation Insurance provides benefits for your employees in the event of a work-related injury or illness. Let’s discuss what it covers:
Medical Expenses
Through Workers’ Compensation Insurance, your employee will have coverage to help them pay for any medical expenses for the work-related injury or illness.
Missed Wages
If your employee needs to take off work to recover from a work-related injury or illness, Workers’ Comp will replace some of the income they will lose due to being out of work.
Ongoing Care
Should your employee need continued care for their work-related injury or illness, they will have the coverage they need with Workers’ Comp.
Funeral Costs
No one wants to think about an employee dying on the job, however depending on your industry, it is possible. Workers’ Compensation can help cover the funeral costs as well as provide death benefits to their beneficiaries.
Work-Related Illness
If you noticed, we mentioned throughout this blog that it also covers work-related illnesses. Some industries do have the risk of this happening. Working conditions that expose employees to harmful chemicals and allergens, in particular. These working conditions can cause your employee to suffer from a work-related illness.
As we mentioned above, if you own a business, you need Workers’ Compensation. Contact us today to discuss plans and what the right one for your business is.