Business insurance is all encompassing and contains different
sub-types. One of such is worker's compensation policy. This policy protects
workers in case of an injury. The policy provides disability benefits, medical
coverage, rehabilitation, and death coverage to employees.
Disability Benefits
When an employee is unable to work because he/she is disabled as a
result of work injury, disability benefits replaces the wages for that period
of time. This policy replaces just a portion of the wages and not necessarily
the full wage during that period of time. There are 4 categories of
disabilities; Temporary Total, Temporary Partial, Permanent Total, and
Permanent Partial.
Medical Coverage
Just as the name implies, this relates to all medical cost incurred by
the employee to treat an illness. The medical benefits are paid until the
employee fully recovered from the illness. There are several variations as to
what is obtain in this coverage as it differs from country or state to the
other. Get in touch with any insurance brokers like those of Greater National
Group, to provide specific information.
Rehabilitation
In cases where workers are unable to return to work as a result of a
work related injury, this policy provides rehabilitation for such a person. The
policy even goes as far as offering psychological rehabilitation to workers who
suffer from work related mental injury.
Death
In the case of a death of an employee caused by work related
activities, the policy pays benefits to the spouse, children and family in
general. The policy also covers all burial incurred costs.
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