Injuries to employees can be hindering to a business, both financially and for their day to day operations. Injuries to employees can be expensive and the legal fees can be astronomical. There are options for coverages to help protect the business and the employees: Workers compensation and occupational accident insurance.
Workers compensation policies will cover the medical expenses, lost wages, legal expenses, and lost-income. These plans will continue to pay for years after the initial injury. The burden of proof lies with the insurance carrier.
Occupational accident, though more complex than workers comp, will offer the employers a typically cheaper option for coverage. Occupational accident policies will cover medical expenses and lost wages up to the policy limits. The burden of proof lies with the company.
