Workers’ Compensation Insurance in Roswell GA
Accidents happen in the workplace, no matter what precautions you have in place. Workers’ compensation insurance is designed to help cover the costs associated with a work-related injury or illness. We’re here to help you sort through business insurance, including workers’ compensation insurance benefits. Contact us today to get started.
What Is Workers’ Compensation Insurance?
Workers’ compensation insurance is a type of business insurance policy that provides benefits to employees if they suffer work-related illnesses or injuries. The benefits typically include coverage for paying for medical care and lost wages from time missed from work.
Employers also benefit from these policies, as it can help protect your business from lawsuits and keep it compliant with state regulations.
What Are Workers’ Compensation Benefits?
This may provide various benefits to employees who experience an injury or illness, including:
- Medical benefits—Employees may receive compensation to cover doctor appointments, hospital visits and medications.
- Wage-loss benefits—If an employee cannot return to work at total capacity, wage-loss benefits may help them supplement their lost income. This benefit may last until the employee has recovered or until the wage-loss benefit limit has been reached.
- Vocational rehabilitation benefits—Employees may receive access to vocational rehab services to help them learn new skills and reenter the workforce after an injury.
- Death/dependent benefits—If an employee loses their life because of a work-related injury or illness, workers’ compensation may help cover funeral costs and lost income. These benefits are typically provided to the spouse or dependents of the deceased.
The laws behind this insurance vary by state, which may impact the limits and duration of benefits and the type of employers required to have it. Reach out to an agent to discuss specific requirements for your business.
Understanding Workers’ Compensation Insurance
Workers’ compensation insurance is an essential coverage designed to help provide financial support and medical care to employees who get injured or fall ill due to their jobs. This policy is often mandated by state law and aims to safeguard the financial stability of the employer and the employee.
When an incident occurs, this insurance may help cover medical expenses, rehabilitation costs and a portion of the employee’s lost wages. Workers’ compensation can offer death benefits to the families of employees who pass away due to job-related injuries or illnesses.
Who Needs Workers’ Compensation Insurance?
Workers’ compensation coverage is crucial in almost every industry, whether you’re running a high-risk construction site or a low-risk office space. With workers’ compensation insurance, you’re investing in a protective layer that can contribute to the stability and sustainability of your business.
Under Georgia law, workers’ compensation insurance is a legal requirement for most businesses with employees, regardless of their size or industry. Your agent can help you understand how Georgia’s workers’ compensation laws apply to your company.
How to Get Workers’ Compensation
We’re ready to help you secure coverage for your business. Contact Steve Seibert Insurance Agency LLC today for more information or a quote.