Learn more about the basics of Workers Compensation.

Workers Compensation provides benefits to employees who are injured in work-related incidents.
It also provides benefits to employees who contract an illness in work-related incidents.
More specifically, this form of insurance helps pay for an injured employee’s medical expenses and helps replace the employee’s wages.
In this way, it functions as a form of disability insurance.
Workers Comp will also provide rehabilitation costs and death benefits to the dependents of workers killed as a result of their employment.
Every state in the United States except Texas requires employers to carry workers compensation or an alternative benefits plan.
Even though it may seem great not to be forced to acquire workers compensation ,there are important reasons why most employers in Texas still purchase it.
The primary reason is that without workers compensation coverage the business owners cannot defend themselves against employee negligence losses. Therefore, if they lose a lawsuit they could be liable for punitive damages.
Overall, workers compensation insurance supports employers and employees in various industries, promotes risk management and safety, and assists employers in getting employees proper care.
This last point includes implementing back to work plans or modified work duties as quickly as possible.
Please contact us with further questions on this or any other risk management topic. We will see you again soon!