Workers’ comp insurance is a necessary investment for any business hiring employees. However, if it’s your first time purchasing workers’ compensation insurance, you might not know everything about how these policies work and what to consider moving forward. For example, most are familiar with the concept that this form of insurance is designed to help you financially support your employees if they’re injured on the job. But is workers’ comp a form of insurance that only covers injuries? Here’s what you can expect to receive from workers’ comp insurance, and how you can properly protect your business with the help of our team at AS Insurance Agency, serving Manchester, NH.
Will Workers’ Comp Only Cover Injuries on the Job?
While workers’ comp insurance most notably covers injuries that occur on the job, this type of insurance actually covers far more than just injuries. You can depend on workers’ comp insurance to help you pay out employees when:
- They’re dealing with a work-related illness, such as if they’re exposed to certain chemicals in the workplace and fall ill.
- There are psychological issues stemming from their workplace environment or job responsibilities that have led to mental illness.
- They experience repetitive stress injuries that lead to damage over time, rather than serious injuries stemming from just one workplace incident.
- They suffer from a permanent disability because of their on-site accident. Workers’ compensation will even pay out death benefits to survivors should your employee pass away as a result of their injuries.
Put simply, workers’ comp insurance will provide you with the comprehensive financial coverage you need to provide for your workers in many scenarios.
Invest in Your Business With Workers’ Comp
Do you run a business with employees? We can help you keep them covered. AS Insurance Agency, serving the Manchester, NH area, is your partner in finding the right insurance policies for your business with ease. Give us a call today.
