As a business owner, you have a lot to worry about, requiring you to buy various insurance policies to protect your investment. Any business with employees, despite its size, needs worker’s compensation insurance which ensures you protect your workers and yourself. If you are yet to familiarize yourself with worker’s compensation insurance, S & S Insurance Services Inc. of Oklahoma City, OK explains below what it covers.
Medical Expenses
Workers Compensation Insurance helps cover your worker’s medical bills if they suffer a work-related illness or injury. This can include a visit to the emergency room, necessary surgery, medication, and any follow-up doctor appointments. For instance, if one of your plumbers gets exposed to harmful substances, this policy covers a visit to the hospital.
Missed Wages
Your employee may need time off to recover after suffering a work-related injury or sickness. Workers Compensation insurance helps replace that lost income. Therefore, if your electrician slips and falls and cannot come to work, this policy covers some of his lost wages.
Ongoing Care
There are some work-related injuries or sicknesses that can be so serious that your employee will need continued care like physical therapy or doctor visits. This policy can help cover the cost of ongoing care.
Funeral Cost
In an unfortunate event, an employee may lose their life from a work-related accident. In such circumstances, this policy can help cover the funeral expenses of that employee and provide death benefits for the beneficiaries of your employee.
Illness
At times, your employees can get exposed to dangerous chemicals that can cause sickness. If one of your workers gets ill due to such circumstances, this policy can help cover the cost of that treatment or ongoing care.
In general, business owners in Oklahoma City, OK should consider purchasing worker’s compensation insurance. Reach out to S & S Insurance Services Inc where we are ready to help you protect your investment from a financial loss.
