Insurance details

• Coverage
  ☞ Medical Expenses: The policy covers reasonable and necessary medical treatments, including doctor visits, hospitalization, surgeries, medications, rehabilitation, and other healthcare services related to the work-related injury or illness.
  
  ☞ Lost Wages: If an employee is unable to work due to the work-related injury or illness, the policy compensates a portion of their lost wages during the recovery period. The amount of compensation is usually a percentage of their regular earnings.
  
  ☞ Disability Benefits: In cases where the work-related injury or illness results in permanent disability, the policy may provide compensation for the employee's reduced earning capacity or impairment.
  
  ☞ Rehabilitation: Workers' Compensation policies may cover the costs of vocational rehabilitation or retraining to help the employee return to work or find alternative employment if they are unable to continue their previous job.
  
  ☞ Death Benefits: If an employee dies as a result of a work-related injury or illness, the policy typically provides death benefits to their dependents, including funeral expenses and financial support.
• Legal Requirement
  ☞ Workers' Compensation insurance is often a legal requirement in many jurisdictions. Employers are generally obligated to provide this coverage to their employees to ensure their well-being and protect themselves from potential liability claims.
• Premiums
  ☞ The cost of Workers' Compensation insurance premiums is determined by several factors, including the nature of the business, the number of employees, the industry's risk level, and the claims history. Insurance companies assess the risk associated with the occupation and set premiums accordingly.
• Claim Process
  ☞ In the event of a work-related injury or illness, the injured employee or their representative must notify the employer promptly. The employer, in turn, initiates the claim process with the insurance company. The insurer will assess the claim, verify the eligibility, and determine the appropriate compensation to be provided based on the policy terms and the severity of the injury or illness.
• Employer Responsibilities
  ☞ Purchasing and maintaining appropriate coverage as required by law.
  
  ☞ Providing a safe working environment and taking measures to prevent workplace accidents or injuries.
  
  ☞ Promptly reporting and documenting any work-related incidents or injuries.
  
  ☞ Cooperating with the insurance company during the claims process.
• Employee Rights
  ☞ The right to receive appropriate medical treatment for the work-related injury or illness.
  
  ☞ The right to fair compensation for lost wages and disability. ☞ The right to appeal decisions related to their claim if they disagree with the insurer's determination.