Monday 15 June 2015

Workers Compensation Insurance – A Shield For Employees And Employers

Life is prone to accidents; no matter how much caution you may exercise, the possibility of accidents can’t be eliminated all together. Accidents may happen anywhere without warning, at your workplace as well. When we talk about blue-collar jobs, this risk factor even increases. Provided such a nature of mishaps, it is better and advisable to make provisions in anticipation of such accidents that might occur. Workers compensation insurance is a kind of insurance that acts as a shield and protector for both the employer and employees. Workers compensation insurance basically deals with workplace accidents.

Workers compensation insurance massachusetts

The employees covered under the insurance named workers compensation doesn’t have to worry about the expenses that originate from a work related accident as they are covered under this insurance. The employee who is covered under this insurance, if unfortunately suffers an accident at the workplace, or outside the workplace in connection to his job, gets all the expenses incurred on medication and treatment through this insurance. This insurance also provides financial security in case of temporary or permanent disability resulting from workplace accident.

The bright side for the employers who provide their employees with such insurance is that they don’t have to pay for the various expenses that result from a workplace accident; those expenses are paid by the insurance. They only have to pay the premium amount for the insurance, which becomes a part of the employee’s CTC. This insurance policy shields the employers against any legal actions or claims for damages, medical care, lost wages, etc., by the employees in case of a work related accident. In case of an accident, an employer has to just direct the concerned employee(s) to the insurance company. To know more, please visit: http://www.oconnellins.com/

No comments:

Post a Comment