You may never experience a workplace accident, but if you do, you’ll be glad you have employer liability insurance. This type of coverage protects businesses from lawsuits resulting from employee injuries. Here are five reasons you should make sure your employer has this vital coverage:
1. Accidents Can Happen To Anyone.
Workplace accidents can happen to anyone at any time. No matter how safety-conscious you are, accidents can and do happen. Employer liability insurance will help cover your medical expenses and lost wages if you’re injured at work. In addition, if you’re unable to work, income protection insurance can help replace a portion of your lost wages.
2. Employer Liability Insurance Is A Must.
Employer liability insurance can cover more than just medical expenses. It can also help with legal fees if you need to file a lawsuit against your employer. This type of insurance can also provide lost wages and death benefits. While no one ever wants to consider filing a lawsuit against their employer, it is essential to know your options. If you are injured on the job, you will be glad you have this insurance to help cover your costs.
3. Not All Accidents Are Covered.
Worker’s compensation may not cover some workplace accidents. For example, if you’re injured in a workplace assault or by a defective product, worker’s compensation may not apply. But, for example, if you work in construction, you may contact a construction accident lawyer to discuss your case and determine the best way to proceed to ensure that you are compensated for pain and suffering.
4. You May Be Eligible For Workers’ Compensation.
You may be eligible for workers’ compensation if you’re injured. This type of insurance benefits employees who are injured or become ill due to their job. Workers’ compensation can help pay for medical expenses and lost wages. To be eligible for workers’ compensation, you must be an employee of a company that offers this type of coverage. In most cases, you must also have been injured while working.
5. You May Need Income Protection Insurance.
You may want to consider taking out income protection insurance. This insurance will help you if you cannot work due to illness or injury and need to claim benefits. Income protection insurance can provide a safety net if you cannot work. It can help you meet your financial obligations, such as your mortgage or rent, and can also help you cover the cost of living expenses. Income protection insurance can give you peace of mind knowing that you have financial support if you cannot work.
No one likes to think about being injured at work, but it’s essential to be prepared for the worst-case scenario. If you’re injured on the job, employer liability insurance can help cover your medical expenses and lost wages. It can also help with legal fees if you need to file a lawsuit against your employer. So ensure your employer has this vital coverage to protect yourself and your job!