Worker’s Compensation Insurance
Understanding Worker’s Compensation Insurance (WC)
Derived from statutes of the states, worker’s compensation insurance, which is also known as “workman’s comp” or “workers comp” is necessary and required to provide protection and benefits to employees who suffer illnesses and work-related injuries. Purchasing WC insurance also protects employers from lawsuits filed by injured individuals seeking money for damages, pain and suffering.
Worker’s Compensation Coverage
WC only covers work-related illness or injury. However, worker’s compensation law does not limit the situation to occur within the workplace. As long as it is believed to be job-related, it is covered. This applies to situations like when an employee attends a business-related social function, traveling on business and doing a work-related errand. The coverage for WC also includes sudden accidents, injuries that happens over time, such as repetitive stress injuries or exposure of employees to workplace pollution or chemicals.
WC does not cover all incidents that happen within the workplace. These situations may include:
• Self-inflicted injuries
• Injuries from fight or caused by drugs or intoxication
• Injuries which result violation of the company policy
• Injuries claimed by an employee who is already laid-off or terminated
• Injuries which are felony-related
The comprehensive Worker’s compensation policy provided by Insurance Brokers of Maryland may cover:
• Expenses by an employee from medical assistance
• Expenses by an employee that is reoccurring because of an accident
• Wages lost due to accident of an employee
How Insurance Brokers of Maryland can help
Receive accurate quotes today to protect your business and employees! Our experts will assist you on your legal rights and explain all the necessary matters that involve benefits on your worker’s compensation coverage. Our knowledgeable and highly trained staff will tell you what you need to know and can answer questions that you may have about the policy. We will help you get the best quote and coverage that you require.