Breakdown of What Workers’ Compensation Typically Covers

Workers’ compensation insurance is a crucial financial safeguard for businesses and employees across Illinois. At Ramos Insurance, we understand that navigating the details of this coverage can be overwhelming for business owners and HR professionals. Our goal is to help you understand what workers’ compensation typically covers and how our team can support you in financially protecting your workforce and your business.

What Does Workers’ Compensation Cover?

Workers’ compensation is designed to provide financial protection and support when an employee is injured or becomes ill due to their job. In Illinois, this coverage is required for nearly all employers and may offer several key benefits:

• Medical expenses—If an employee is injured at work or develops a work-related illness, workers’ compensation may help cover the cost of necessary medical treatment. This may include doctor visits, hospital stays, surgeries, prescription medications, physical therapy and other related health care expenses.
• Lost wages—When an employee is unable to work due to a covered injury or illness, workers’ compensation may provide partial wage replacement. This benefit may help employees manage their finances while they recover.
• Disability benefits—Depending on the severity of the injury, workers’ compensation may provide temporary or permanent disability benefits. These benefits are designed to assist employees who experience a temporary inability to work or a lasting impairment that affects their ability to earn a living.
• Rehabilitation services—Workers’ compensation may help cover vocational rehabilitation or retraining if an employee needs help returning to work or transitioning to a new role due to their injury or illness.
• Death benefits—If a workplace incident results in a fatality, workers’ compensation may provide death benefits to the employee’s dependents. This may help cover funeral expenses and ongoing financial support to surviving family members.

Let Ramos Insurance Support Your Business

By partnering with us, you can focus on running your business with confidence, knowing your employees and your company are financially protected. Contact us today to speak with our knowledgeable team.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.