Workers compensation is a unique insurance policy that protects not only employees, but the company as well.
In the event of a work-related injury or illness, an employee could be eligible for lost wages, medical costs, and in some cases, even disability. These costs could be devastating and payouts can be life long, meaning financial devastation companies that are held financially responsible.
Any company, regardless of the industry, has the potential for work-related injuries. Even relatively safe industries and small, family-owned businesses are not without risk. Accidents can happen at any time. Even if the company has safety protocols in place, and strives to create a safe work environment, often, things happen that are beyond our control.
Workers compensation is designed to provide protection, by providing reimbursement to the injured employee, preventing your company from having to pay out-of-pocket for the costs.
Here are three areas that workers compensation provides coverage for:
While no one likes to consider these possibilities, it is best to be covered just in case, rather than go without coverage, and find yourself in a crippling financial situation that could lead to financial devastation, or the closure of your company.
Contact Texas Energy Insurance with any questions you have regarding workers compensation insurance, and make sure your company is protected today.