NYC Insurance Blog

Common Myths about Workers’ Compensation

As a business owner, you could have some employees. As a contractor, employee, or boss, you must be very keen on job safety and on-site injuries. 

However, there is a lot of misguided information regarding workers’ compensation insurance. The policy, meant to protect both the employer and employees in the event of injuries, has a lot of misconceptions. 

However, now is the time to clear any doubts. We take a look at the myths and what the truth is so that you can better understand your workers’ compensation policy.

Myth 1: The injury reported should have happened on-site for the claim to be viable

Truth: Workers’ compensation insurance covers your employees, provided they are conducting business. It could be in your offices or when out for business. Also, when traveling to a work-related event, the employees enjoy the protection of the workers’ compensation. Give us a call today to get a Worker's Compensation Quote Today!

Myth 2: Workers’ comp only covers medical bills

Truth: While most claims result from injuries, the workers’ compensation goes beyond medical bills. Other events covered include vocational rehabilitation services, wage replacement, and damages.

Myth 3: Small injuries are not worth reporting

Truth: Speed and accuracy is the key to filing insurance claims. Usually, your insurance company demands from you when filing for workers’ compensation. Remember, you do not want to ignore a minor injury, only for it to blow into something severe that is very expensive to treat. Because at that point, it will be your burden. 

Myth 4: The workers’ compensation policy covers all work-related injuries

Truth: Some situations could disqualify your employee from receiving compensation benefits. For instance, if the injuries occur when the employee is under the influence of drugs, fighting, committing a crime, or self-inflicted wounds. Also, not all circumstances qualify as mental health and psychological conditions. We can give you a quick easy quote today!

Myth 5: You do not need coverage

Truth: Although not all states require business owners to take liability covers for their employees, you must have one. Regardless of the number of employees, you never know what the day has in store for you. As a small business owner, even a small claim could sink your business. So, to be safe and ready for the future, a workers’ compensation policy is your best bet in the interest of your livelihood.

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