WHAT ARE THE ADVANTAGES OF WORKERS COMPENSATION INSURANCE?
The advantages of worker’s compensation insurance are numerous. Here are some of the more important ones: • In case of injury or death to an employee on the job, the employer is protected against any suit by the employee, his legal representative, husband or wife, or anyone otherwise entitled to recover damages at law from the employer on account of such injury or death. • The employer knows in advance just how much the coverage will cost and can budget this expense throughout the year. • Carrying worker’s compensation insurance reduces costly litigation and provides a speedy, simple and inexpensive procedure for payment of compensation, regardless of who is at fault. • Worker’s compensation is a fair and just method of determining compensation, based on wages paid and the extent of the injury. • Immediate medical treatment is provided to the injured employee, for as long as it is needed. • The employer has subrogated his liability to the insurance carrier insuring his liability, and e
