Let’s face it. Starting your own business is an exciting—and challenging—time, particularly as you make plans to hire a your first employee.
One of the areas of concern has to do with Workers Comp and a Small Business startup: You’ve heard a lot about ‘compliance’ issues, and the need to follow your state’s mandated insurance program (The U.S. government administers its own workman’s comp for federal employees.)
One of the good things about state requirements to provide workman’s compensation is the fact that an employee generally is giving up the right to sue his employer for work-related injuries/illness on the job:
“…(generally) an employee with a work-related illness or injury can get workers’ compensation benefits regardless of who was at fault — the employee, the employer, a coworker, a customer, or some other third party. In exchange for these guaranteed benefits, employees usually do not have the right to sue the employer in court for damages for those injuries.”
Does every small business need to provided coverage?
It really depends on state law and how many employees you have; too, the type of business you’re in also affect this requirement.
The insurance generally covers hospital and medical expenses related to the job-injury or illness—varies by state. It also covers any necessary rehabilitation procedures, such as physical therapy or therapeutic care to help the employee return to work.
When it comes to disability coverage, the main purpose is for the insurance to cover lost wages, and generally come under four categories:
* Temporary total disability
* Temporary partial disability
* Permanent total disability
* Permanent partial disability.
Contact us when you’re considering to increase your facility-maintenance workforce. We offer one of the most complete hiring sites on the Internet today.