Learn All You Need to Know About Workers’ Compensation Coverage

August 23, 2016

Keep your employees safe with the right workers’ compensation coverage.

Your employees work hard for your business. They put their heart and soul into their work. However, sometimes, their efforts compromise their health. Sometimes your employees get hurt on the job. That’s where workers’ compensation coverage comes in. A form of business insurance, workers’ compensation coverage gives employees that were injured on the job the resources that they need to get healthy and back to work. However, there are various kinds of workers’ compensation coverage. Check out the different types of coverage and learn how they help get your employees back on their feet.

Medical Finances.  

When your employees get hurt, they likely will have some hefty medical bills. From surgeries to prescription medications, there are lots of fees that add up. That’s where workers’ comp comes in. The insurance will help to cover your employees’ medical bills so that they can rest easy about finances and focus on getting better. This type of coverage is unlimited and includes deductibles and copays.

Disability Funds.

More often than not, a serious injury sustained in the workplace required employees to take time off from work. During this period, whether it’s temporary or permanent, your employees have lost their income. Disability coverage then takes effect to help supplement your employee’s lost wages. While it won’t replace their salary, it will help to give them funds to get by until their healed and ready to return to work.

Rehabilitation Services.

Sometimes, workplace injuries can be so detrimental that they prevent your employees from returning to work. Workers’ compensation helps to give your employees the tools that they need to cope with their injuries and find a new profession. Vocational therapy can help your employees find a new job, and psychotherapy can help your employees deal with any psychological trauma from their injuries.

Protect your employees with the right workers’ compensation coverage. Get the right insurance through the right independent insurance agency in Chicago. Located in Illinois, Thomas Ward Insurance serves all your personal and commercial insurance needs. Contact us for more information.