southern arizona insurance

workers compensation insurance Arizona

What Is Workers Compensation Insurance?
workers compensation insurance Arizona (also known as workman’s comp insurance) provides benefits to employees for work-related injuries or illnesses including medical care, wages from lost work time, and more. Workers compensation insurance covers a deceased worker’s family with a financial benefit as well. If a worker’s family decides to sue the company, it can also help cover the related legal fees.

workmans comp az insurance can help protect your business and employees in events such as these:

• An employee slips on ice, injures himself while walking up the stairs to the office, and requires an emergency room visit and weeks of recovery time.
• An employee injures her back lifting a box of printer paper and requires a doctor’s attention, medication and physical therapy.
• An employee returning to the office from visiting a client is injured in a car accident and requires hospitalization.

With workers compensation insurance, The Hartford will help pay for the medical expenses needed to treat these job-related injuries and illnesses. Worker’s compensation will also help employees keep their income while they take time off to recover from an injury.
Workers compensation insurance provides medical and wage benefits to people who are injured or become ill at work.

The coverage is mandated by each state and the wage and medical benefits vary by state. Workers’ compensation is considered a social insurance because it relies on a social contract between management and labor, wherein exchange for purchasing workers’ compensation insurance, business owners are protected from civil suits from their workers who become injured on the job. Each party benefits yet has limitations.

Workers’ compensation insurance is purchased by businesses, and is underwritten by insurance companies and, in some states, underwritten by publicly supported state funds.
Workers’ compensation insurance is coverage for employees’ workplace injuries or illnesses and is required in almost every state.

tucson business insurance Workers’ compensation covers medical expenses, lost wages, and rehabilitation services. Workers’ compensation insurance is known by many names from workman’s compensation, workers’ comp, workman’s comp, and others
Workers’ Compensation Insurance can pay for three things when an employee is injured at work: medical bills, recovery costs, and partial missed wages.

If an employee dies, Workers’ Comp can cover funeral costs and benefits to the worker’s family. Depending on state laws and contract requirements, you may need this policy to cover employees, contractors, freelancers, or even yourself.
Workers’ Comp (formerly “workman’s comp”) emerged from a “grand bargain” between business owners and workers. Business owners were tired of being sued by injured workers. Workers were tired of being injured.
So Workers’ Comp Insurance was designed to help pay for work injuries and illnesses without the rigmarole of a lawsuit. This liability insurance policy can help your business do three things:

  1. Pay for medical expenses and replacement wages when employees are injured at work.
  2. Comply with state Workers’ Comp laws.
  3. Pay for legal expenses if an employee sues over a work injury the policy doesn’t cover.
    Most states require employers to buy Workers’ Compensation Insurance as soon as they hire their first employee. Even when that’s not the case, it’s smart to have this policy, because the cost of workplace injuries is substantial: commercial insurance company casa grande

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