As you all know, workers’ compensation insurance provides some benefits to workers sustaining injuries/illnesses due to a work-related cause, including death benefits, disability benefits, income replacement, etc. However, people have many questions concerning workers’ compensation benefits, like when and for what injuries they will be covered, are the benefits taxable, does the policy cover all employees, etc.
To help you have a proper understanding of the policy, we have answered some common questions you may have on workers’ compensation and its benefits.
No! As long as your injury/illness is work-related, you will be covered, despite where it happens. For example, the coverage will kick in if you are injured when traveling for a work-related purpose or doing a work-related errand.
Workers’ compensation excludes coverage for workplace injuries/illnesses resulting from:
Yes, you will be compensated for long-term work-related injuries, such as back problems and repetitive stress injuries. Depending on your state laws and circumstances, you can also receive compensation for some illnesses developed over time at work.
However, your long-term conditions/injuries should not be caused by accidents, like slips and fall from a ladder, as the workers’ compensation policy won’t cover it.
Depending on your state and nature of work, you may get workers’ compensation coverage for contracting COVID-19 at work. However, it can be difficult to prove that you have contracted the virus at your workplace, and for that, you must submit proof stating that your work puts you at an increased risk of virus exposure compared to other work or workers.
While covering the medical expenses incurred following a work-related injury, workers’ compensation provides disability benefits or partial income while you recover and compensation for permanent impairments resulting from workplace injuries or illnesses.
The maximum amount you receive from workers’ compensation depends on your state laws, the nature of your injuries, and how much you have earned before the injury.
Generally, they are not taxable. However, some amount is taxable if you also receive Social Security Disability benefits.
No, every state excludes coverage for some types of workers, including domestic employees, farm workers, and seasonal workers.
Now, you know what workers’ compensation is all about, so you can make an informed decision concerning the coverage.
At Little & Sons Insurance Services, we offer comprehensive workers’ compensation coverage at an affordable cost. Contact our insurance experts today to get started on your personalized coverage.
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