Workers Compensation Information
Workers Compensation Insurance
Insuring Businesses in Provo & Utah County, Utah
Wiseman Insurance understands the value of good employees. We know that your day-to-day operations depend on their hard work, expertise, and dedication, and if you supply them with quality benefits and plans, they can work with the peace of mind assurance that they're properly protected.
But should an accident happen, having the right Workers Compensation plan from Wiseman Insurance can allow your business to ensure payments and cover expenses if an employee is injured from a work-related accident. Injuries can range from car accidents and back injuries to equipment malfunctions and, in some unfortunate cases, death.
Common Workers Compensation Insurance Questions
How Does Workers Compensation Insurance Work?
There are occupational risks in every business, from multi-national corporations to sole proprietorships. If these liabilities cause an employee to become ill or sustain an injury, then they can receive help in their recovery by filing a claim on the business’ workers compensation insurance policy.
On-the-job injuries could impact someone’s ability to continue to work, either temporarily or permanently. They could face a lot of income insecurity as they try to recover from these losses. Workers compensation will offer qualifying employees supplementary income and medical benefits that will support them during this time.
Who Is Covered By Workers Compensation Insurance?
Both full-time and part-time employees usually qualify for workers compensation benefits. There are several types of occupational injuries that might enable them to file a claim, such as:
Repetitive motion injuries sustained over years of repeating the same activity.
Toxic exposure injuries that arise from working in hazardous environments.
Injuries sustained in work-related vehicle accidents.
What Does Workers Compensation Insurance Cover?
Workers compensation benefits usually provide three types of coverage:
Medical Benefits: These payments will cover the costs of necessary medical care related to injuries and illnesses.
Income Assistance: If you lose your regular paycheck because of a qualifying injury, then this coverage can help replace it. Depending on your circumstances, you might qualify for short-term, long-term or lifetime benefits. Some plans will continue to pay benefits if you can return to work but must work at a lower pay grade.
Death Benefits: Should an employee get injured on the job and die, then their survivors might be entitled to a death benefit. It will replace the deceased’s income for a designated time.
Depending on the nature of someone’s injuries and the evidence provided by their claim, the employer’s workers compensation plan will follow a specific formula to determine how much pay to provide them, and for how long they can receive benefits.
Does Utah Require Workers Compensation Insurance?
Nearly all Utah employers who have at least one employee have to carry workers compensation insurance. There are exceptions available for sole proprietors, casual or domestic employees and certain agricultural workers, real estate brokers and insurance brokers.
Even if you are not required to buy this policy, you can still purchase it. The benefit of having coverage is that it will free your business from liability in many injury cases. Therefore, employees cannot sue you for most injuries if they agree to file for workers’ compensation instead.
How Can I Get the Workers Compensation Policy That’s Best for Me?
Workers compensation benefits might seem confusing, but it is easy to get the right benefits if you place your trust in the experts at Inszone.
We insure businesses of every shape and size every day, and our clients trust us with all their commercial insurance needs. We make it our mission to help every client compile a strong workers compensation portfolio that will meet their compliance, risk management and budgetary needs without hassle or inconvenience.
If your business does not offer Workers Compensation, serious injuries that occur on the job could lead to an employee suing your company for damages. That's why it's important to discuss your options with a specialist at Wiseman Insurance who can help you find the right coverage options for all your business needs.
Call Inszone at (801) 377-3060 or fill out an online quote form today.