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Workers Compensation Insurance That Benefit The Employee

Workers Compensation Insurance That Benefit The Employee

Workers Compensation Insurance That Benefit The Employee


It is the moral and legal responsibility of companies to provide care and safety to its workers in their workplaces. With accidents inevitable, what the companies can do is to exert efforts to minimize the accidents happening in their locations. The employer is duty bound to protect its employees and provide a safe workplace, properly insure its employees and alleviate the situation of its workers in case of accidents.

Workers Compensation Insurance has a comprehensive coverage not only in the workplace but also in the transportation routes to the work locations. It also also provides coverage for illnesses and injuries resulting from the performance of work.

This insurance also covers expenses arising from lawsuits arising from accidents in the workplace and also provides medical treatment and compensation for lost income for employees sustaining injury from workplace accidents. The compensation insurance gives financial assistance to injured workers regardless of who is at fault and gives comprehensive coverage to the workers. Workers Compensation Insurance That Benefit The Employee


It also gives death benefits to the surviving relatives like the spouses and the dependents. The California workers compensation insurance, for example, gives adequate protection both for the employers and the injured workers from any injury or illness that is sustained in the performance of the employees' work.

The compensation insurance policy is a requirement for all workers regardless of status of being either regular or casual or even contractual employment. In this regard, even apprentices and trainees are also considered as workers who are also entitled to such compensation insurance. This is the commitment that is expected from all companies with workers which goes beyond the circumstances of the workers in enjoying insurance protection from accidents and injuries.

The workers compensation insurance covers all employees who receive wages or salaries regardless of the working hours they put in and even if they work away from the principal's location. This insurance also seeks to include peculiar work or occupations like rural workers, medical ambulance workers, collectors, canvassers, sales people, entertainers, referees, boxers, wrestlers, and other contact sports players, miners, and others.

This compensation insurance is mandatory when it comes to protecting the interests of all workers regardless of affiliation and status. There are penalties ranging up to $5,000 per worker that is not properly insured. Aside from this, just like in the California Workers Compensation Insurance, there is need to pay insurance premiums retrospectively for workers who have not been previously covered by insurance. The law is very strict regarding this matter and penalties would mount up if and when you continue to miss out on covering employees with such insurance.

This insurance is also required regardless if the company or business is a partnership, corporation, or a sole proprietorship. But it is important to note that only the workers are required to have this insurance and not the management or officers of the company.
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Workers Compensation Insurance That Benefit The Employee