What's workers' compensation insurance?

Workers’ compensation insurance is a type of insurance that employers must purchase and carry under state law. Its purpose is to pay injured workers the benefits they are entitled to under the workers’ compensation laws of the jurisdiction that applies. Employers who fail to carry this insurance may face severe penalties. Our law firm for workers compensation can help explain how this coverage works and what protections it provides for injured employees. You can also learn more by reviewing our RI workers’ comp benefits, which outlines how workers’ comp is administered in Rhode Island.

The purpose of workers’ compensation insurance is to pay injured workers the benefits they are entitled to under the workers’ compensation laws of the jurisdiction that applies (usually state law). These payments typically include medical treatment, weekly indemnity benefits, and other statutory entitlements. Understanding related topics like types of benefits provided or how benefits are calculated can also help you see how workers’ comp insurance functions in practice.

The payments are typically handled by the workers’ compensation insurance company, or sometimes by a third-party company hired by the insurer to administer claims.

Related Articles:

• What is workers’ compensation, and how does it work in Rhode Island?

• What types of benefits does workers’ comp provide?

• How does workers’ comp differ from health insurance?

• How is a workers’ comp settlement calculated?

• Who is eligible for workers’ comp benefits in Rhode Island?