Workers’ Compensation

What is workers’ comp?

Workers’ compensation is a form of business insurance that provides compensation to employees who suffer work-related injuries or illnesses. This benefit helps pay related medical bills, replace wages from lost time at work, and cover rehabilitation costs.

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Workers’ Comp Benefits

Workers’ compensation (also known as “workers’ comp” or “workman’s comp”) provides compensation benefits for expenses such as:

  • Medical treatment
  • Ongoing medical care
  • Lost wages
  • Funeral costs
  • Disability

Medical Expenses

Workers’ compensation insurance covers your employees’ medical expenses related to a work-related injury or illness. This may include ER visits, needed surgery, new prescriptions, and most other expenses related to the medical treatment of the work-related injury.

Medical Expense Example: A roofer falls and breaks a bone. Workers’ comp insurance can help cover their X-rays, cast, and other expenses related to the hospital visit. Workers’ comp can also help replace lost wages from missed time at work following the injury.

Ongoing Medical Care & Rehabilitation

Some work-related injuries will require rehabilitation or continued medical treatment after the initial hospital visit. Workers’ compensation will help cover the costs of recurring treatment related to the work-related injury.

Ongoing Medical Care Example: A warehouse employee injures their back lifting heavy equipment. Workers’ comp can help cover the costs of medical rehabilitation, such as physical therapy.

Lost Wage Replacement

Workers’ compensation helps replace some of an employee’s income they lose when they are unable to work, as long as they are still recovering.

Wage Replacement Example: A steamfitter gets third-degree burns on their hand after accidentally grabbing a hot pipe. Due to the burns, they are unable to work for a few weeks while it heals. Workers’ compensation will help replace some of their lost income while recovering.

Funeral Expenses

If an employee tragically loses their life from a work-related accident, workers’ compensation insurance can help cover the costs of their funeral and provide a death benefit to the employee’s designated beneficiaries.

Disability

In some cases, a work-related injury is serious enough to temporarily or permanently disable an employee. Workers’ compensation can provide disabled employees (due to work-related injuries) with compensation for related medical bills and lost income.