Why Should You Buy Worker Compensation Insurance for Your Employees?

A business can never run itself, unless and until there are some people that are working and looking after its day-to-day operations. Also, not one man or woman can look after all the departments of a business. Thus, a businessman employs some people to work for him, and look after his or her business. But, during work, some employees might get injured or fall sick. Thus, in order to ensure that your employee gets the best treatment and recovers in time, you have to pay worker compensation.

What is worker compensation?

Each and every state in the USA has made it mandatory for every business, that employs two or more people, to provide worker compensation. Let’s say that you own a business in Sandy Spring, Georgia. One day, your employee Samantha, injuries herself while performing her daily tasks. The doctor advises her to take a two-week break from work in order to recover. Thus, now she cannot work for some time, hence she is eligible for worker compensation in Sandy Spring. And thus, this incident makes you liable to pay Samantha her worker's compensation.

What does it cover?

Workers compensation covers the three most basic needs and injured or a sick employee most certainly needs:

•           Medical Bills

•           Wages

•           Disability Benefits

Also, if an employee sues the employer for his/her injury, then the insurance also covers the lawyer fees, court fees, and out-of-court settlement fees as well. Thus, worker compensation works to give the employees the maximum benefit, in case they aren’t able to work for some time.

What it signifies?

Worker compensation in Sandy Spring, or anywhere else, works for providing safety and security to the employees in their time of need. Thus, if you are an employer, then it will be a good reflection on your personality and character when you pay your workers their workers compensations. It also ensures that your business keeps running and operating smoothly, without showing a huge turnover of employees. Thus, in order to be a good employer, you need to have worker compensation insurance.

How to get worker compensation insurance?

Dispensing with worker compensation insurance isn’t an option for an employer. Thus, they need to get the best deals they could find for their employees. Therefore, a professional insurance company is capable of getting the employers the best deals for their employees.

 

Benefits of a professional insurance company

The reason for choosing professional insurance providers is because they are professionals, and will always give you the best possible advice. Also, another reason why professional insurance companies are the best is that they know the working of the insurance laws, and also keep an eye out on any new insurance legislation. Thus, in case of any changes in the insurance policy, they will be the first to inform you regarding any changes. Also, they will handle all the legal procedures regarding any worker's compensation, themselves.

Thus, if you’re an employer looking out for good worker compensations in Sandy Spring, then you can contact Tramites Express Insurance. They are one of the best insurance providers, and they take care of their customers in all the best possible ways.

Workers’ Compensation Frauds and How to Avoid Them:

Workers’ compensation is one of the most abused benefits in U.S. frauds and swindles by both employers and employees is a common thing. To understand the kind of scams people try to pull off let’s understand what workers’ compensation exactly is.

What is the workers’ Compensation?

It is a type of insurance; publically sponsored system that pays monetary benefits to workers who are injured or disabled in the course of their employment. This insurance offers compensation to employees for injuries or disabilities caused directly by their employment. If a worker agrees to receive workers’ compensation, he/she gives up their right to sue their employer for negligence.

What constitutes a Fraud in workers’ compensation?

Insurance fraud in workers’ compensation is an intentionally false representation of one's injury or disability due to their employees to receive benefits. This alleged abuse of the system contributes to a $7.2 billion loss annually.

I am citing a real-life example to illustrate how pervasive insurance fraud is in workers’ compensation. My brother-in-law is Bob of our family (he owns a construction company). Most of the workers are immigrants (and they are good people). Surprisingly, an immigrant did not commit the fraud in fact it was a white woman who tried to forge a false claim by faking an injury. The woman was hired by the company to manage accounts, it was a desk job, and she did not even have to be close to construction sites. The woman claimed that she was hit by a fire sprinkler head that fell on her desk and then hit her head. My brother-in-law filed a workers’ compensation claim. The insurer became suspicious of the claim and referred it to the Division of Investigative and Forensic Services (DIFS). The DIFS investigative officer asked for the CCTV footage from the day incident happened and before that, it never occurred to my Brother-in-law to check the video footage.

The video showed that while the fire sprinkler head did fall on the desk it didn’t hit the woman. In fact, she picked it up from the desk and when no one was watching, she hit herself with it on the head. The woman was arrested and was charged with two counts of insurance fraud.

Workers' compensation reform:

The insurance industry is trying to catch cheaters and malingerers, through national workers' compensation reform but still there’s a long way to go as people assume false claims to workers’ compensation is an easy and quick way to make money.

How to avoid frauds:

There are some measures that employers can take to avoid frauds regarding workers’ compensation in Sandy Springs.

• Ask employees to immediately report the injury/accident. Set a clear time window for reporting the accident in the policy.
• Conduct thorough investigations before filing a claim on behalf of the employee.
• If the employees take time off due to injury, stay in contact.
• Use surveillance equipment in the offices or on construction sites.
• Choose your insurance agent wisely. A good insurance provider can help you out with investigating false claims.

If you’re looking for a trustworthy insurance company to get insurance regarding workers’ compensation in Sandy Springs, Tramites Express Insurance is one of the most reliable companies.