Workers’ Compensation Insurance

Your employees are one of your organization’s most valuable resources and helping them to maintain their health and wellness should be among your top priorities. But even the most diligent and responsible businesses may eventually experience accidents or other incidents that leave workers with injuries or illnesses. Adequate workers’ compensation insurance is critical.

How Does Workers’ Compensation Insurance Work?

Also known as workers’ comp insurance, workers’ compensation insurance can provide critical financial protection for your company and its employees following work-related injuries and illnesses. By acquiring workers’ compensation insurance coverage, your employees may retain access to funds and resources that can help them recover both physically and financially from on-the-job incidents.

What Does Workers’ Compensation Insurance Cover?

Workers’ compensation insurance can provide multifaceted financial assistance for you and your employees following work-related illnesses and injuries. Although exact details may vary, a workmen compensation policy can generally help pay for the following:

• Medical expenses—If an employee must seek health care services following a work-related incident, your coverage can help cover costs.
• Lost wages—This part of workers’ compensation insurance can help affected employees recoup lost or reduced wages if on-the-job injuries or illnesses impact their ability to perform their regular duties.
• Vocational rehabilitation—If an employee is unable to return to their job, workers’ compensation coverage can help them receive training for a new position.
• Disability benefits—This coverage can help pay for ongoing benefits if an employee’s work-related illness or injury leads to temporary or permanent disability.
• Death benefits—This part of your policy can compensate an employee’s family if an on-the-job illness or injury is fatal.
• Employer legal costs—If a work-related incident leads to your company being sued, this coverage can help pay for resulting expenses, including attorney fees, settlements and judgments.

How Much Workers’ Compensation Insurance Do I Need?

Most employers across the United States are legally required to carry workers’ compensation insurance. Even in the absence of formal mandates, this type of coverage should be considered a top priority and an integral part of an adequate insurance portfolio. Without sufficient coverage, even a single accident could have catastrophic consequences for an employee’s health and far-reaching financial ramifications for your company.

Get the Right Coverage

At City Auto Insurance, we’re well-equipped with the knowledge and experience to fulfill various workers’ compensation coverage needs. Our dedicated staff can procure self-insured workers’ compensation policies, workers’ compensation insurance for small businesses and other tailored coverage options that can help you secure your organization’s finances and future. Contact us today to get a workers’ compensation insurance quote.