Workers’ Compensation Insurance in Manufacturing

The manufacturing industry consistently ranks among the most dangerous in the United States. Regardless of precautions, workplace accidents may inevitably occur in factories and other manufacturing settings. Furthermore, given the dangerous tasks, heavy machinery and hazardous materials often present in these work environments, even minor accidents could have devastating consequences. Fortunately, your business can be prepared by understanding and securing workers’ compensation insurance.

What is Workers’ Compensation Insurance?

As its name suggests, these policies can compensate employees following on-the-job injuries and illnesses. Workers’ compensation insurance also often includes employers’ liability coverage, which can help cover lawsuits if an employee sues after a work-related injury.

What Does My Policy Cover?

Although the exact specifications of a workers’ compensation insurance policy may vary, most policies can provide financial assistance for the following:

• Medical care—If an employee’s work-related injury or illness requires health care, payouts can help manage their bills.

• Lost income—Employees may be unable to perform their normal duties due to injuries or illnesses, but your insurance can compensate them.

• Disability benefits—Ongoing ailments that keep employees from working can trigger continuing payouts to assist with living expenses.

• Vocational rehabilitation—Your employees may be incapable of returning to their previous jobs due to their injury or illness, but your policy may help fund training and education for a new role.

• Death benefits—If a workplace injury proves fatal, your coverage may compensate affected employees’ families.

• Employer legal costs—If an employee chooses to sue your business, your policy may help pay for the resulting costs, such as attorney fees, settlements and judgments.

Why is Coverage Important?

As a member of a generally perilous sector, your manufacturing business must prioritize robust workers’ compensation insurance. These policies can make all the difference in ensuring your employees can recover their health and maintain their quality of life following work-related incidents. Additionally, workers’ compensation insurance is typically required by law, meaning that failure to retain coverage could incur fines and orders to shut down your business.

We’re Here to Help

Contact Sina Insurance Agency in San Diego, California, today to learn more about workers’ compensation coverage or get a free quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.