The Basics of Workers' Compensation

Workers Compensation policies are designed to protect employees from losses suffered when they are injured on the job. An important part of any business supply insurance package, workers compensation covers lost wages as well as medical and rehabilitation bills, as long as everything is documented properly and treatment plans are followed.

As soon as an injury occurs, the employee should report the injury to the employer. This is the first vital step in receiving monetary compensation for the injury. The employee must show proof from the doctor that the injury prevents him or her from doing the job as assigned. The employer or business supply insurance provider can require an independent medical exam (IME) as a second opinion to confirm the diagnosis received from the employees doctor. After the diagnosis and treatment plans are confirmed, the employee is eligible for weekly compensation, generally based on his or her average weekly wage. If, however, the employee fails to follow the doctors recommendations or does not go through with the treatment plan, he or she can lose workers compensation benefits.

Workers compensation can be employees saving grace when an on-the-job accident occurs. As long as the injury is reported in a timely manner and all instructions from the insurance company and the employee’s physician are followed, this policy can give him or her time to recover without having to worry about living expenses or medical bills.