What is Workers' Compensation Insurance?
Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.
Additional Information about Workers' Comp Insurance
While plans differ among jurisdictions, provision can be made for weekly payments in place of wages (functioning in this case as a form of disability insurance), compensation for economic loss (past and future), reimbursement or payment of medical and like expenses (functioning in this case as a form of health insurance), and benefits payable to the dependents of workers killed during employment (functioning in this case as a form of life insurance).
Triest Agency recommends all employers to purchase and maintain a workers compensation policy regardless of the number of employees.
This is not meant to replace an insurance policy but a very limited outline of basic coverages. Read your insurance policy for specific coverages and exclusions.
Contact us to learn more about the right workers compensation insurance for your needs.
1052 Gardner Road
Charleston, SC 29407
Click Here to Email Us