Workers Compensation Insurance | A Lifesaver for Employees Injured on Job
Workers compensation insurance can be a lifesaver for employees injured on the job. As its name suggests it covers compensation, or lost wages, while you are out of work due to sickness or injury. The important thing to understand is who and what is covered by workers compensation.
First and foremost there are three basic facts to understand what it takes for workers comp to kick in.
- To be covered you must be an employee.
- Your employer must have a workers compensation policy in place; and
- The sickness or injury has to have occurred or originated while on the job.
Who Can Receive Workers Compensation?
Let’s take a look at number one. What does it mean to be an employee? Does it count if you are a part-time employee or an independent contractor? The independent contractor is an easy answer, they are simply not an employee. Independent contractors may carry their own worker’s compensation policy, but when it comes to a workers compensation payout from the employer, an independent contractor is not an employee and therefore is NOT covered.
If you are a part-time employee you are covered by workers compensation AS LONG as the injury originated from an event at work. Getting hurt outside of the job does not entitle you to workers compensation benefits.
Are Businesses Required to Carry Workers Compensation Insurance?
Workers compensation insurance is a requirement for businesses that employ more than one person. If you are working for a company that has a precarious work environment you should make sure that there is an active workers compensation policy in place. When you put your health and safety on the line for an employer you want to make sure you are covered!
Bogle Agency Insurance offers Workers Compensation Insurance for Businesses
Bogle Agency Insurance offers a full line of NJ insurance options for business and individuals. Let our team answer all of your insurance questions and ensure that you have the coverage needed when needed. Let our knowledge and experience help serve as your guide to available New Jersey insurance policies while answering all of your worker’s compensation questions as well.