If you are a new business owner and will be employing individuals, having access to workers’ compensation coverage may be something you have been considering. This type of coverage offers protection when an employee is injured and can’t work temporarily.

Workers’ Compensation Coverage

Workers’ compensation provides financial relief to those who are injured on the job. For example, one of your employees could slip and fall while they are clocked in. In this case, they may need to seek medical attention.

If a doctor deems them unable to work for a while, they can fill out a compensation application. If approved, they will receive money to pay for medical bills or handle everyday expenses.

Your Role

Your role as an employer is to document incidents that occur at your place of business. It is also your responsibility to obtain workers’ compensation coverage. The incident reports you fill out will record each mishap that requires you to fill out workers’ compensation forms.

Filing Insurance Claims

You will need to be aware of the claims process. If an incident takes place that is going to require filing an insurance claim, it is in your best interest to do so on time. Filing a claim promptly will lessen the amount of time that an injured worker will need to wait for an insurance claim approval.

An Insurance Agent Who Serves Idaho Falls, ID

Do you want to learn more about workers’ compensation insurance and your responsibilities as a business owner? If so, contact one of our agents at Insure It All. An agent will provide you with answers and insurance advice for your business.