The Answers to Common Workers Compensation Insurance Questions

Here are the answers to some of the most commonly asked workers compensation questions.

As an employer, you know that you are legally required to carry workers compensation insurance to care for your staff in the event of a workplace injury or illness.  However, this may be the extent of your insurance knowledge.  Interested in learning more about this essential form of commercial coverage?  Then here are the answers to some of the most frequently asked workers comp questions.

  • What does workers compensation insurance cover?

Workers compensation insurance is designed to cover the medical treatments and rehabilitation that an injured or sick employee needs to get back to work.  This type of insurance will also offer cover a portion of the employee’s lost wages while they are physically unable to work.  Should an injured employee waive their rights to coverage in favor of suing you, then your workers compensation insurance can be used to cover the cost of your legal defense and settlement.

  • Can I choose the medical provider that an injured employee uses?

Because every state has its own workers compensation laws, this will vary.  Business owners should speak to their insurance providers to learn the specifics of their coverage.  Some states will require that an injured employee be seen by a medical professional chosen by the employer or the employer’s workers compensation provider.  Other states will allow the injured employee to select a doctor for themselves so long as he or she is within the insurer’s network.

  • What is the best way to lower my workers compensation claims costs?

The best way to reduce your workers compensation claims costs is by preventing accidents and injuries in the first place.  This can be accomplished by creating a culture of safety at your workplace and developing a workplace wellness program for your employees.  However, if a claim does occur, then you can keep your costs at a minimum by reporting the claim promptly and working with your claims adjuster to help the process proceed smoothly.

  • How can I protect against workers compensation insurance fraud?

Unfortunately, workers compensation fraud is a common risk that businesses must deal with.  You can uncover instances of fraud by carefully investigating employee injury claims and looking for holes in employee and witness accounts.  Because a claims adjuster will also investigate for potential fraud, cooperating with them will also help to uncover schemes.

These are the answers to some of the most common workers compensation insurance questions.  Do you have additional questions regarding your business’s workers comp coverage?  If so, then contact the experts at PMC Insurance Group.  Our dedicated team is eager to assist you with all your commercial insurance needs today.