There is an expectation that a worksite will be free from safety and health hazards, but unfortunately, accidents happen. Because of the company liability surrounding workplace accidents, workers compensation policies were mandated by state governments across the country. This insurance coverage offers wage replacement and medical benefits to employees who were injured, contracted occupational disease, or killed while on the job. However, U.S Risk warns that not all company employees may be covered under a workers comp plan, as contract labor or ineligible employees are excluded from coverage.

Coverage Alternatives

For those who aren’t eligible for workers compensation benefits, a company might provide occupational insurance. Because of the company’s operations and exposure, they may not need a comprehensive plan and can establish more specific deductibles, limits, and disability coverage for their needs. Just as a workers comp plan would do, an occupational policy will provide funds for death benefits, medical expenses, or lost wages. However, it does not provide much by the way of legal funds.

Areas of Concern

When considering what insurance to carry, take into account the most common areas of workplace injury.

Falls, trips, and slips
Overexertion
Being struck by an object
Electrocution
Machinery accidents
Workplace violence
Transportation incidents
Unintentional overdoses

Choose your insurance plan carefully, as the financial cost is only the first concern. Plan on having the best protection against potential lawsuits and employee claims.