Workers
compensation insurance is a
form of insurance that provides a variety of benefits to the workers who get
injured while performing their job duties. This kind of insurance is aimed at
securing the interest of both the employee and the employer. The employee, who
got injured at workplace, gets the insurance cover to meet his/her medical
expenses and a compensation amount for the loss of salaries or wages in case of
temporary or permanent disability owing to work-accident. The employer, on the
other hand, gets protection from being sued by the employee injured in work
related accident. There is a condition in the workers compensation insurance
that calls for mandatory relinquishment of the injured employee’s right to sue
the employer for the tort of negligence.
As an employee, you can take the benefit of workers compensation
insurance by purchasing a relevant policy from a recognized insurance provider
that deals in such insurance. After that, you need to fulfill all the
requirements mentioned in the scheme. Once you have done this, you are all set
to receive the benefits of the policy in case any need arise. If due to any
reason you are unable to locate a good insurance provider for compensation
insurance, you can purchase such a policy from the state agency that handles
these issues.
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