Workers’ comp, otherwise known as workers compensation or workmans’ comp, is a system put in place to protect both employers and employees. Essentially, if a worker is hurt on the job or contracts an illness as a result of their job, instead of suing their employer, they can file for workers’ comp.

Workers’ comp will compensate an injured or sick employee for a variety of things depending on the situation. It can be used to cover medical bills or missed wages.

As an Employee

Workers’ comp will benefit you, should you find yourself in a situation where you are injured at work. Unlike many other health benefits, the responsibility for workers compensation is entirely on the employer. As an injured employee, you won’t be charged anything.

This means it will be easier and more cost effective to file a workers’ comp claim than sue your employer. It will also keep you and your employer on good terms, as you are working together rather than against each other.

As an Employer

It is very important that you are prepared to pay workers’ compensation at any time, even the safest businesses can have accidents. Every state has some sort of requirement for workers’ compensation insurance, so if you have one or more employees you must have workman’s comp included in your business insurance.

Link-Hellmuth insurance specializes in helping businesses both big and small be equipped with the right business insurance near Springfield, Ohio. No matter the size or industry of the business, they all have one thing in common, they must have a workers’ compensation policy.

Not only will it save you from a potential lawsuit but it will also save you from losing good employees. Since workers’ comp is a no-fault policy, it really is in the best interest of all involved parties to participate. This type of business insurance will save you time, money, and relationships with your employees!