Workers' compensation is an insurance cover for employees, and it is claimed because of an injury or sickness emanating from a workplace. The claim covers medical and rehabilitation expenses coupled with lost wages while an injured or sick employee is not at work. In Australia, it is mandatory to take workers' compensation for employees. Not only does the cover ensure compliance with employment laws, but it also minimises the likelihood of being sued by staff due to negligence in the workplace. This article explores a few facts about workers' compensation insurance.
Benefits of Workers' Compensation
The policy ensures that your employees and business are protected. It protects casual, permanent, and part-time employees from the financial burden stemming from work-related injuries or illnesses. The scheme offers benefits to employees regardless of who might be at fault in the event of an accident. It takes care of the medical expenses of an injured or ill worker until they can return to work. Besides, if an illness or injury requires some form of rehabilitation, the insurance package caters for the cost. Since an employee is laid off for a considerable time, a workers' compensation scheme pays for wages while an injured or sick employee recovers. Also, in the unfortunate event that a work-related injury leads to death, the dependents of deceased receive benefits.
An injured or sick staff must report to the employer about an incident as soon as possible to maximise the chances of a successful claim. In some states, an employee needs to coordinate with their attorney to report a case to an insurer. In other jurisdictions, a worker is responsible for notifying an insurance provider about an incident. Notably, an injury must be recorded in a workplace register. Critical information required during reporting includes an employee's details such as name, date of birth, address, name and address of a company, description of an injury, and date of occurrence. Remember that lodging such details as early as possible initiates a compensation process since an insurer needs time to do their investigation.
Seeking Legal Redress
Besides reporting a work-related injury, a worker should consider seeking legal advice. Remember that workers' compensation is referred to as a no-fault scheme since a member is entitled to certain benefits without proving that an employer's negligence led to an injury. However, some injuries occur because of an employer's negligence; therefore, seeking legal redress could give a worker many options. A lawyer is better placed to help an injured employee assess their options when claiming compensation.