“The Workers Compensation And Employers Liability Insurance Policy is used to provide insurance coverage for a company’s statutory liability (coverage responsibility) under a Workers Compensation Act. It usually involves paying for medical treatment and disability. It also handles lawsuits from injured workers that fall outside of the Acts.”
We at The Bentley Agency would also like to explain it further:
“A workers compensation policy responds to accidental injury that occurs during work with mandatory benefits. However, besides taking place at work, an injury must also be related to the injured person’s duties. Further, the policy also covers costs associated with disease or death that may be the ultimate result of the accident. If the employee’s injury does not qualify for compensation under the Workers Compensation Acts (or Occupational Disease Acts, if separate) the policy will respond to an employee who sues his or her employer, alleging negligence.”
Individual, partnership, joint venture, corporation, association, fiduciary, or other entity are types of businesses that qualify for workers comp insurance. A typical policy lists the locations of the workplaces that are covered. The policy is designed to handle work-related accidents as well as diseases. The amounts that must be paid are defined by the state or jurisdiction where a covered incident occurs. The policy usually lists the other types of costs and expenses that are eligible for payment under the policy.
Here at The Bentley Agency, we deal with a plethora of business types throughout North Carolina, and South Carolina and realize how understanding coverages and types of insurance can be confusing and intimidating. It is our goal to spend as much time with our clients in helping them fully understand the coverages and how protection like workers comp is vital for their company should anything arise in the businesses future.
If you would like more information or to go over your current policy, please do not hesitate to call myself (Jason), or Darrell in my office at 704-857-9512, or my cell at 704-756-6318.