Every worker in any company needs to know a lot about various policies put in place for his or her benefit. In situations where there are accidents or injuries while workers are on duty, there are certain policies put in place to address the outcome of such occurrences. One of such policies is known as Workers Compensation Insurance.
What is Workers Compensation Insurance?
Workers Compensation Insurance is a special insurance system that pays all sorts of benefits to workers who are injured while on their jobs. The aim of the insurance is to cover the medical costs that may be involved, permanent disability and loss of salaries or wages. The insurance scheme also protects employers as they do receive immunity from any kind of civil lawsuit that may filed by injured employees. The insurance scheme is available in most states of the US. For instance, the California Compensation Insurance is mainly for California workers who may be injured while working in their various companies in the state.
The State Agencies Involved in the Scheme
In most states in the US, there are agencies that administer the compensation insurance scheme. The Department of Labor and Industrial Relations is usually the agency that looks into the compensation scheme in most states in the US. This agency usually receives diverse notification of injuries from workers as well as reports from their employers. The main duty of the agency is to mediate on issues concerning the benefits workers claim in the scheme. It also monitors the insurance company involved in order to make sure that the process of compensation is followed according to rules.
How to Obtain the Insurance Coverage
In order to benefit from the insurance scheme as a worker, you need to purchase the workers compensation insurance from a private insurance company that deals on that. Then, you need to meet all the requirements needed in the scheme. Once this is done, you can partake of the benefits of the scheme. If for any reason you are unable to locate a good insurance company that deals on compensation insurance, you can as well purchase the scheme from the state agency that handle such issues.
Benefits of the Insurance Scheme
Workers Compensation Insurance scheme comes with diverse benefits especially for the workers injured while on duty. You can receive proper coverage for medical treatment. Your salary or wages are covered. In situation where there’s a permanent disability, you’ll also be adequately compensated by the insurance company. If for any reason the injury results in death, the compensation is also paid to the next of kin or the employee’s dependents.
The Employer’s Responsibility under the Scheme
As an employer whose worker gets insured while on the job, you have the responsibility of filing appropriate report to the agency and the insurance company involved. You have to send the notice in time without any form of delay. If the injury is too much and demands urgent care, you and your company have to provide immediate medical care for the worker before the compensation procedure begins. This helps in saving the life of the employee before any other claim could be made.