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What Is Workers Compensation Insurance?
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What Is Workers Compensation Insurance?

Workers compensation insurance doesn’t have to be complicated.

Workers compensation insurance brings you and your business relief should a worker succumb to bodily injury while they are at work due to a mishap in your business. Without this kind of insurance your business is at risk of a potentially costly lawsuit, and, depending on the size of you business, your company may not be able to take that kind of a hit. Know what workers compensation is, and how it can mean the difference between keeping your business afloat, or having to shut your doors for good.

What is Workers Compensation Insurance?

Employers are legally obligated to take reasonable care to assure that the workplace is safe for all employees. Nevertheless, accidents happen—even at a bubble wrap factory. And when these accidents do occur, workers compensation provides you with the coverage that your business requires. It serves two purposes: 1) it assures that injured workers will get medical care and compensation while they are unable to return to work, and 2) protects you from lawsuits as they give up their rights to sue to accept workers compensation.

What injuries are covered?

The most common claim in workers compensation is traffic accidents that occur when the employee is driving a vehicle for work purposes—whether the drive was made in a company vehicle or their own vehicle, it matters not. Accidents to and from work, however, are not covered.

Injuries sustained while working, including terrorist attacks and natural disasters. It may also cover certain illnesses and occupational diseases contracted as a direct result of employment. For example, radiation poisoning due to a leak in a radiation container.

Workers compensation is an insurance policy that you should invest in for when workplace accidents occur. Because it’s not a matter of “if,” it’s a matter of “when.” Contact Purves & Associates Insurance Services. Serving Davis, Sacramento, and surrounding Northern California areas, we can help with all of your business insurance needs to keep your company protected.

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