In terms of risk by industry, the healthcare sector had several occupations with the largest number of injuries, according to the Insurance Information Institute. Nursing assistants and registered nurses ranked first and second when looking at nonfatal injuries and illnesses involving days off from work.
What Does Workers’ Compensation Insurance Cover?
Workers’ compensation insurance helps employees recover from work-related injuries and illnesses so they can return to work faster. Workers’ comp benefits include:
- Cover medical expenses for care and rehabilitation
- Compenstates a portion of their lost wages when employees cannot work due to injuries
- Provide disability benefits
- Give death benefits
Work comp also benefits organizations, providing some liability coverage. For instance, if your medical business faces a lawsuit from an injured worker, work comp can help pay for your legal costs.
No two healthcare organizations are the same. Chivaroli & Associates expert team will partner with you to design a specific risk management strategy, including finding the proper workers’ compensation program. We will take the time to understand the intricacies of your operation to obtain the best possible coverage.
Additional Coverage for Healthcare Organizations
Workers’ compensation cannot protect a medical organization completely. Here are a few other critical policies healthcare businesses should consider:
Medical Professional Liability: A crucial insurance coverage for medical providers, professional liability protects against malpractice and negligence claims.
General Liability: General liability insurance protects businesses against basic risks such as claims for bodily injury and property damage.
Commercial Property: This insurance reimburses companies for direct losses from fires, theft, and other perils.
Business Owners Policy: A BOP insurance policy packages property and general liability coverage for small businesses.
Security & Privacy (Cyber): This insurance protects healthcare professionals against damages from specific computer or technology-related losses.
