Work-related accidents may happen to anyone, anytime. With this, employers must provide benefits to employees in cases of untoward events. The question is, who is eligible for worker's compensation benefits?
What is Worker’s Compensation?
It is considered as one type of insurance, worker’s compensation provides monetary benefits to employees who experienced an injury or disability due to work-related accidents.
Benefits covered by worker’s compensation include medical care due to injuries or illnesses, income for replacement, fees for retraining, benefits for permanent damages, compensation for survivors among workers who died during work.
Furthermore, workers covered under worker’s compensation but may vary include regular employees, those with own businesses, maritime, railroad and casual employees, and volunteers for some instances.
Eligibility Requirements for Worker’s Compensation Benefits
Basic requirements to be eligible for worker’s compensation benefits include:
Exemptions from receiving workers compensation benefits despite meeting all three requirements include:
It is a right of an employee to secure worker’s compensation if eligible, while it is employer’s responsibility to provide it for the said employees. Whether you are an employer or employee, protect yourselves and the people comprising the business/organization by securing worker’s compensation insurance. At First Iowa Insurance Agency, Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. To learn more about how we can help you, please contact our agency at (319) 393-5262 or Click Here to request a free quote.