This article shares how employees can benefit from having workers’ compensation insurance.
Almost every state in the United States requires companies to provide employees workers compensation? For established businesses, Malden Solutions recommends that your insurance policy integrate workers’ compensation. Workers’ compensation insurance protects employees when they experience workplace injuries and your company in case of a workplace injury. This article shares how employees can benefit from having workers’ compensation insurance.
What is Workers’ Compensation Insurance?
Workers’ compensation insurance is a protective shield, providing health benefits and wage replacement to employees on the job. It also includes death benefits, disability benefits, and funeral expenses. Investing in workers’ compensation can help protect a company or organization from being sued by a worker or their family due to a workplace injury. For example, employees can sue a commercial business without insurance to recuperate lost wages and expenses because of a workplace injury.
How Does Workers’ Compensation Assist Some Employees?
Your company can rest assured that employees are protected when they invest in workers’ compensation insurance. This insurance can help pay off employees’ health bills, recover lost wages, provide constant care coverage for injured workers, and provide full funeral coverage if a workplace injury results in death.
Sometimes, a disability may prevent an employee from returning to work in the same capacity. They can obtain insurance benefits to help pay for health bills and lost wages. Additionally, workers’ compensation insurance doesn’t protect employees who receive an injury outside of the workplace environment or sustain self-inflicted injuries.
Filing for Workers’ Compensation Claims
As an injured worker, filing a workers’ compensation claim in Maryland can be challenging because these claims can take years for employers to resolve. This is why businesses must provide comprehensive workers’ compensation policies. Consequently, this process can be expensive legally, and protecting your employees is crucial to safeguarding your company’s reputation.
In Maryland, businesses must offer workers’ compensation coverage to full-time and part-time employees. This coverage assists with medical expenses for ill or injured workers, helping them keep some of their lost wages if they need time off to recover from a work-related accident.
Find the Right Health Insurance Solutions for Your Needs
Malden Solutions has a wealth of expertise in providing employer insurance solutions, HR solutions, and individual insurance solutions to businesses both big and small. Our team of seasoned professionals can help you navigate the rapidly changing world of insurance with ease. We partner with businesses and individuals throughout the country to provide our dedicated services for employee benefits but also work within our surrounding communities in Maryland, Northern Virginia, and Washington, D.C. Contact us today to learn more about how we can provide effective, dynamic solutions for your business. Stay connected with us on X, Facebook, and Linkedin.