Particular jobs are far more dangerous than others. An innocent mistake on a construction site can result in grievous bodily harm. Malfunctioning machinery in a warehouse could end in amputation. Someone might be unable to work for a finite period or maybe forever.
Many types of injuries create a significant monetary burden. Workers’ compensation assists injured employees by providing financial relief in specific ways.
Money for medical treatments
The cost of health care in the United States continues to climb. Surgeries are expensive. Doctor visits and physical therapy sessions add up, too. Even equipment, such as crutches and wheelchairs, usually are costly. Workers’ compensation provides help with these matters and more.
Money for living expenses
Suddenly not receiving a paycheck creates a shock to the wallet. Nonetheless, bills for rent, food and other necessities continue to roll in. Workers’ compensation takes care of these essentials. It also pays for vocational training services should the situation demand changing careers. How much one receives depends on earning history and the nature of the injury.
Money for survivors
In the most tragic instances, someone dies at a job site. Family members counting on that income are suddenly thrust into a difficult position. Workers’ compensation pays up to two-thirds of the lost wages, depending on the state. Dollars are also available for paying burial and funeral expenses.
Financial struggle is likely after someone suffers an on-the-job injury. Workers’ compensation is a safety net that can safeguard against debt. A fiscal hole becomes less likely when these insurance policies are in effect.