What Is Workers’ Compensation Insurance?

If your business has employees, you could be responsible for costly losses if they are injured or become ill while performing tasks within the scope of their work. Workers’ compensation insurance can help protect your business from paying out of pocket for medical expenses, wage replacement and other costs associated with on-the-job injuries and illnesses.  

We’re here to help. Contact The DeLuca Agency in Greenwood Village and Denver, Colorado, for more information on our workers’ compensation insurance solutions. 

What Is Workers’ Compensation Insurance? 
Regardless of the type of business you have, there is always a risk that one of your employees will get hurt or become sick due to their work. Workers’ compensation insurance can help protect you and your workers from costly expenses associated with these workplace illnesses and injuries. Although state requirements may vary, workers’ compensation is generally required of most businesses with employees.  

The right workers’ compensation insurance can keep you and your employee safe. Contact The DeLuca Agency to speak to an insurance agent today. 

What Does Workers’ Compensation Insurance Cover? 
If one of your employees is hurt or becomes ill due to work-related activities, workers’ compensation can provide various benefits to help cover associated losses. 

The following are examples of common benefits included in a workers’ compensation policy: 

• Medical costs—If an employee is injured on the job or develops a work-related illness, workers’ compensation can help pay for treatment.
• Lost income—If an employee suffers a work-related illness or injury that affects their ability to perform their regular duties, coverage may help them recoup lost or reduced wages.
• Disability benefits—If a workplace incident results in an employee developing a disability, insurance may cover their disability benefits.
• Death benefits—If a workplace illness or injury results in an employee’s death, this coverage can help pay for funeral expenses and provide compensation to their family. 
• Legal expenses—If your business is sued following a work-related illness or injury, workers’ compensation may provide financial aid for your legal defense, court fees, settlements and judgments. 

Generally, workers’ compensation will not cover lawsuits arising from allegations of workplace discrimination, wrongful termination or failure to promote.  

For more information on our workers’ compensation insurance coverage benefits, contact The DeLuca Agency. 

Getting Workers’ Compensation Insurance  
At The DeLuca Agency, we understand that healthy employees are critical to your business’s success. Call us today and learn more about the workers’ compensation coverage we offer.  

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.