Workers’ compensation coverage protects Illinois employers and employees in all types of businesses. Workers’ comp covers medical bills related to the injury, a portion of the employees’ lost wages due to being out of work, and disability benefits for those who can no longer work.
Why Should You Purchase Workers’ Compensation Insurance?
Workers’ Compensation coverage is required in Illinois. Virtually every business owner with employees—whether full- or part-time workers—must purchase a policy through an insurance company or get permission to self-insure. This type of no-fault insurance policy provides medical, disability, survivor, burial and rehabilitation benefits to employees who are injured or killed on the job. Protect your workers and stay compliant with a trusted and cost-effective workers’ comp policy from B2Z Insurance.
What, Exactly, Is Workers’ Comp Insurance?
How It Works.
When an injury incurred at work prevents the employee from working for more than a specified amount of days, the business continues to pay the worker while filing a claim with the insurance carrier as well as an injury report with the Illinois Workers’ Compensation Commission (IWCC). Benefits are either approved or denied, and a denial may be contested.
If the worker returns to the job and with no outstanding bills or unpaid benefits, the claim is closed. However, contested claims may be settled out of court or the worker may take a case to trial. To learn more about what happens after you file a claim, you should talk to your insurance carrier. Every claim comes with its own set of unique circumstances.