Today If you are a business owner, you are already well aware of the value that each of your employees brings to the organization. Without them performing their respective jobs day in and day out, you would struggle to survive in today’s competitive business climate. You do what you can to protect them, but accidents at the workplace do happen.
Besides the fact that workers compensation insurance Lodi CA is required by law, you need to consider the following three reasons why you need adequate insurance to help your employees in their time of need. Coverage For Medical Expenses If an employee is injured on the job, you need to make sure that they have coverage for all of their medical expenses.
Yes, this is the law, but far too many business owners overlook this key insurance provision. You want to show your employees that their every medical expense will be taken care of should it become necessary. Recovery of Lost Wages When an employee can’t work, they lose money. That should not happen if they are injured on the job, so your insurance needs to cover their salary.
You owe it to them, and it is the law. Make sure that your insurance coverage includes this provision, or you could find yourself out a great deal of money in the end. Coverage for Physical Rehabilitation Many workplace accidents result in debilitating injuries. If that is the case, physical therapy will be necessary. This can be expensive, so you need to ensure that your worker’s compensation insurance covers any necessary expenses for physical rehabilitation for as long as necessary to fully recover.
You will want to check on your worker’s compensation coverage to ensure that you have adequate protection for these three items. They are extremely important to your employees, and they will protect you as a business in the event that someone on your staff does become injured or falls ill on the job. You owe it to them and yourself to make certain that you have proper insurance.