Why Do You Need Workers’ Compensation Insurance?
Workers’ compensation insurance helps your employees recover from work-related injuries or illnesses so they can get back to work faster.
What Is Workers’ Compensation Insurance Coverage?
Workers’ compensation insurance, also known as workman’s comp or workers’ comp, gives your employees benefits if they get injured or become ill from their job. These benefits can help:
· Cover their medical care and medical treatment
· Replace most of their lost wages if they take time off from work to recover
· Provide disability benefits
· Give death benefits, like helping pay for a funeral if they lose their life in a work accident or from a job-related illness
Workers’ comp also has benefits for you, the business owner.
It includes liability insurance coverage. So, if your business faces lawsuits from injured workers or their families, workers’ comp can help pay for your legal costs.
You aim to run your business as safely as possible. However, no matter what you do, workplace accidents can occur and employees can get sick from their work. If these situations happen, you’ll want peace of mind knowing your small business is covered. At The Hartford, we’ve helped protect businesses with business insurance for over 200 years. So, if the unexpected happens, we’ve got your back and we’re here to help protect you, your employees and your small business.
How Does Workers’ Compensation Work?
Workers’ compensation protects employees. If one of your employees gets injured on the job or sick from their work, workers’ compensation gives them benefits to help them recover. It can help protect your workers even if they:
It can also help pay to train your employees for new roles if they can’t return to their old roles. And, if they can’t return to work at all, workers’ compensation coverage can provide long-term disability benefits.
Be aware that most states require employers to carry workers’ compensation coverage. Laws vary by state and can include exclusions for certain types of employees. For example, workers classified as federal employees get coverage through a program administered by the Department of Labor.
We’ve designed our programs and company partners to support many types of businesses in many different States and we’re here to help promote your employees’ safety and well-being, helping them return to work as soon as possible.
