Top 6 Points To Know About Workers' Compensation

Benefits of Workers' Compensation

Workers’ comp covers medical bills, lost wages, and funeral costs for work-related injuries or illnesses.

Monopolistic System

Some states require workers' comp insurance through a state-run program, ensuring centralized coverage.

Mandatory Coverage

Businesses with more than one employee must carry workers’ comp insurance, including part-time workers and corporate officers.

Coverage for Part-Time Employees

Part-time employees need workers' comp coverage. Sole proprietors and partnerships must cover employees but can opt out for themselves.

Additional Insurance Options

Other business insurances like general liability, professional liability, and commercial auto can be purchased from private insurers.

Filing a Claim

Workers' comp claims are classified as medical-only or lost-time. Claims are processed within 30 days, with an appeal process available.

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