Workers Compensation Information
Workers Compensation in Orem, UT & Salt Lake City, UT
Employees are the key to success for essentially every business and protecting them is one of the most important roles you have as an employer. By creating an atmosphere of trust and support, and following proper safety procedures, you can make great strides in keeping your employees safe and happy. Unfortunately, you can’t avoid every accident that may occur.
Advance Insurance workers with business owners across industries to provide workers compensation insurance in order to protect your employees in case of an accident. We will evaluate your risk and pair you with a policy that is tailored to protect your employees without draining your wallet.
What Does Workers Compensation Cover?
Workers compensation insurance covers injuries your employees may sustain on the job. Benefits available under this insurance include:
Medical payments coverage under workers compensation is paid as medical bills arise, such as if an injured employee needs consistent check-ups, medication or medical procedures. If an employee is disabled due to a work injury, they may qualify for disability benefits. Employees may also receive coverage for vocational rehabilitation in case an injury renders them unable to work in the industry.
How Does Workers Compensation Work?
Different areas of workers compensation work in different ways. In general, employers purchase workers compensation and pay monthly premiums in return for protection. When an employee is injured, they must file a claim through their employer with the insurer in order to receive compensation.
Wage replacement under workers compensation steps in when an employee’s injury prevents them from returning to work for a certain amount of time. While they are unable to work, workers compensation replaces a portion of the employee’s wages so they are not left completely without income.
This type of compensation is calculated on a percentage basis. It depends on the policy and the employee’s typical paycheck. These payments will be paid at the same time as the employee’s paycheck normally would be. For example, if an employee is usually paid biweekly, the wage replacement payments will occur biweekly.
Protect Your Employees
Make sure your employees and your business is protected with the right workers compensation policy. Call Advance Insurance at 801-226-1100 or fill out a quote form to get started today.
Common Workers Compensation Questions
How Many States Require Workers Compensation Insurance?
Every state requires some form of workers compensation aside from Texas. Requirements can vary depending on the size and industry of the business depending on your state, however.
What Does Workers Compensation Cost?
The cost of workers compensation is primarily based on payroll. The more employees you have, the more you may pay for workers compensation. Fill out a quote form to find out how much you can save on workers compensation.
Who Needs Workers Compensation?
Every business should invest in workers compensation. Even if you own a small business, your employees could face injuries and other accidents. Workers compensation can provide assistance to your employees while simultaneously protecting your business from a related lawsuit.