Workers Compensation, which is Also referred to as workman’s comp, covers all reasonable and necessary medical treatment and lost wages for employees who get injured in the course and scope of their employment or experience an occupational disease. The benefits for employees and employers vary from state to state. In California, all employers who have one or more employees are required by state law to carry workers comp.
The Division of Workers’ Compensation (DWC) monitors the administration of workers’ compensation claims, and provides administrative and judicial services to assist in resolving disputes that arise in connection with claims for benefits.
This type of insurance is often an addon to Business Owner Policy.
Workers Compensation- The Benefits
Benefits include employee compensation for lost wages, medical treatment, and death benefits payable to the dependents of workers killed in the course of employment. These benefits also help cover expenses related to ongoing medical treatment like follow-up appointments or a physical therapy regimen.
This type of insurance protects employers from potential lawsuits. Some insurers also provide value added benefits such as fraud prevention support, workplace safety tools, and managed care services, which can help injured workers experience minimal downtime.