If you have a small business, you might wonder about workers’ compensation insurance. It’s one of the coverages that comes up a lot when business insurance becomes the topic of conversation. What’s the big deal about workers’ comp insurance? Do you need workers’ compensation in Georgia? Why do you as a small business need workers’ compensation insurance? We’re going to explain what workers’ comp does and explain why it’s so important for small businesses to have it. Does my business need workers’ compensation? Need insurance for a pest control business?
What does workers’ compensation do?
- Workers’ comp covers your employees’ medical expenses if they are injured on the job.
Okay, so what happens if one of your employees gets hurt on the job in a work-related accident? They could end up requiring some extensive medical treatment. And medical bills can get really expensive really fast. With workers’ compensation, they can be covered for the costs of their medical treatment and rehabilitation. That way, the employee won’t have to worry about how they’ll pay for the treatment they require, and they can focus on getting better and recovering. And you can rest assured that your employee will get the care they require. So, does my business need workers’ compensation? Yes.
- Workers’ comp can reimburse the employee for their lost wages.
Workers’ compensation does more than help cover the employee’s medical bills. It can also reimburse the employee for a portion of their lost wages for as long as they’re authorized, medically speaking, to take time off work. This is also really important for your employees, as they’ll still have income coming in even though they’re unable to work. So, that’s another thing to know about workers’ comp and why it’s so essential. If an employee is injured on the job, they’ll be able to take the time they need to recover, as per the doctor’s recommendation. Again, they can just focus on getting better.
Does my business need workers’ compensation? Yes.