Workers compensation is a type of insurance that is paid for by employers. It covers workers who are injured or become ill on the job. Workers compensation can provide benefits for medical expenses, lost wages, and death benefits.
Disability insurance is a type of insurance that can be purchased by individuals or employers. It covers workers who are unable to work due to a non-work-related illness or injury. Disability insurance can provide benefits for lost wages and other expenses.
Workers compensation insurance is a work related injury or illness that helps the employee cover medical bills, wages and that they will be fairly compensated. It also helps give peace of mind to the employer knowing that an employee’s injury or illness will not hurt them financially or possibly bankrupt their business. Disability insurance helps protect you and your loved ones from any type financial hardship that a covered disability might cause
Obviously, your goal is to create a work environment where your employees remain safe. Unfortunately, it can be hard to anticipate the many accidents that can occur in the course of a job.
By assessing the risks that your employees face, examining the many different New York insurance policies regarding workers compensation, our team can point you to a plan that is able to keep employees covered even when they suffer injuries that put their health in severe jeopardy, or demand long recovery times. When employees know that they are protected in the event of an accident, they can feel more comfortable, and happier overall in the workplace. When you have the disability insurance as well, you can make sure your people are protected in the event they are not able to return to work without putting yourself in a financially precarious situation.