Types of Workmen’s Compensation Insurance Policies
If employees suffer any work-related injuries, a Workmen’s compensation insurance policy provides them the required financial support. Employers, particularly in the manufacturing, construction, IT, and transportation business, should buy Employee’s compensation insurance to provide social security to their employees and protect their interests.
Having said that, there are different types of disabilities and expenses which can be covered under Workmen’s compensation insurance policy offered by insurers, and it’s essential to know about them to understand the policy/product in better way. Let’s find out.
This cover, if taken pays for the cost of medical treatment for injury or illness caused to an employee during work. It generally covers:
Summing it Up
Before buying any of the Workmen’s compensation insurance policy, it’s essential to read the terms and conditions as the coverage is different for all. It’s equally important to compare quotes and choose the one that best fits one’s requirements.