When an employee gets hurt on the job, this type of insurance helps to cover those financial losses. The type of injury does not have to occur as a result of an accident, though, to obtain this type of coverage. In some situations, the coverage can apply to instances that develop over time.
For example, some injuries occur as a result of overuse or misuse. These can be repetitive stress injuries such as chronic back pain or carpal tunnel syndrome. These often take a long time to develop. If the injury is clearly related to the tasks of the job, workers compensation will likely cover the costs.
Injuries are not the only type of incident covered either. In some cases, illnesses and diseases can result in long-term loss for an employee. A common type of illness is that of asbestos exposure. This type of condition can take decades to surface and can be fatal. In many situations, work-related exposure can cause this type of illness.
Other types of covered illnesses can include stress-related digestive problems, heart complications, and forms of lung disease.
What does this mean for you, as a business? Your business insurance should represent the types of risks you have exposure to. Workers compensation insurance is likely to be helpful for all the financial protections it can offer.
Work with your insurance agent to select a policy that can cover the types of injuries and diseases that can occur within your business.
If you have questions about Oklahoma City workers compensation insurance, call The Beckman Company today at (800) 259-4677.