If you’re the owner of a business, it’s important that you stay concerned about the health and well-being of your employees. Every year, thousands of workers suffer job-related injuries, and these injuries can leave them sidelined for months. As an employer, it’s important that you have workers compensation insurance in St louis MO.
For starters, there’s this misconception that worker’s compensation is strictly available to benefit workers. The truth is that this insurance actually benefits both workers and employers. One way it does this is by giving workers more confidence in their jobs. Workers know that they’ll be taken care of if they’re ever injured. Workers compensation also protects employers from most lawsuits and potential financial ruin. Without workers compensation, a worker may be encouraged to actually sue a business to cover their damages.
Workers compensation does a lot for those who’ve been injured on the job. For instance, employees who are injured are often unable to work for long periods of time. Workers Compensation Insurance in St Louis MO, will provide funds to help replace lost wages until an injured worker returns to their job. Injured workers often need to seek medical attention as well. Thankfully, workers compensation insurance will chip in to cover all medical expenses related to a person’s injuries.
It’s important for both employers and employees to know the limitations of workers compensation insurance. For starters, as an employer, this insurance doesn’t entirely protect you from injury-related lawsuits. In some cases, an injured worker may still be able to sue you for the damages they’ve sustained. Also, workers compensation isn’t always available to injured workers. If a worker was injured doing something they shouldn’t have done (i.e. horseplaying, fighting, etc.), their damages may not be covered by insurance.
These are just a few things both employers and employees need to know about workers compensation insurance. Again, don’t simply assume that this insurance is solely meant to protect either a worker or employer. Workers compensation is there to make sure that both workers and employers are financially protected after accidental injuries occur on the job. Don’t forget that there are still certain instances where workers compensation insurance can’t do much. If an employer or employee is at fault for their injuries, compensation may not be available.
