Malden Solutions recommends that your insurance plan incorporates workers compensation.
Did you know that almost every state requires businesses to offer employees workers compensation? For established commercial companies, Malden Solutions recommends that your insurance plan incorporates workers compensation. Workers compensation insurance protects employees from workplace injuries and your company in case of a workplace injury. Let’s explore this beneficial insurance further.
What You Must Know
Workers compensation insurance is a protective buffer, offering medical benefits and wage replacement to employees on the job. It also includes death benefits, disability benefits, and funeral expenses. Investing in workers compensation can help protect a business from being sued by an employee or their family due to a workplace injury. Employees can sue a commercial company without insurance to recover lost wages and expenses from a workplace injury.
What Does Workers Compensation Cover?
Your company can rest assured that your employees are protected when investing in workers compensation insurance. Workers compensation provides financial assistance to employees’ health bills, recovers lost wages, offers ongoing care coverage for injured workers, and full funeral coverage if a workplace injury leads to death. Sometimes, a disability might prevent an employee from returning to work in the same capacity. They can receive benefits to help pay for health bills and lost wages. In addition, employees injured outside of the workplace environment or sustain self-inflicted injuries are not covered.
Filing Workers Compensation Claims
As an injured employee, filing a workers compensation insurance claim in Maryland can be difficult. These claims may take years for business owners to resolve. This is why commercial companies need to provide insurance policies with full workers compensation coverage. As a result, this process can be expensive from a legal standpoint. So, protecting your employees is critical to protect your company’s reputation.
Maryland companies are required to provide workers’ compensation coverage to both full-time and part-time employees. This coverage helps with medical expenses for ill or injured workers and helps them keep some of their lost wages if they need time off to recover after a work-related accident.
Find the Right Health Insurance Solutions for Your Needs
Malden Solutions has a wealth of expertise in providing employer insurance solutions, HR solutions, and individual insurance solutions to businesses both big and small. Our team of seasoned professionals can help you navigate the rapidly changing world of insurance with ease. We partner with businesses and individuals throughout the country to provide our dedicated services for employee benefits but also work within our surrounding communities in Maryland, Northern Virginia, and Washington, D.C. Contact us today to learn more about how we can provide effective, dynamic solutions for your business. Stay connected with us on Twitter, Facebook, and Linkedin