Why Restaurants Need Workers Compensation Insurance
Employers are legally obligated to take reasonable care to assure that their workplaces are safe. Nevertheless, accidents happen. When they do, workers’ compensation insurance provides coverage.
Workers’ compensation insurance serves two purposes:
- It assures that injured workers get medical care and compensation for a portion of the income they lose while they are unable to return to work
- It protects employers from lawsuits by workers injured while working.
Workers receive benefits regardless of who was at fault in the accident. If a worker is killed while working, workers comp (as it is often abbreviated) provides death benefits for the worker’s dependents.
Each state has different statutes and regulations concerning workers’ compensation. It’s important to understand the differences in these state laws across the nation if you’re a restaurant owner.
State regulations determine such features as:
- The amount of benefits to which an employee is entitled
- What impairments and injuries are covered
- How impairments are to be evaluated
- How medical care is to be delivered
In addition, states dictate whether workers’ compensation insurance is provided by state-run agencies and by private insurance companies or by the state alone. States also establish how claims are to be handled, how disputes are resolved and they may devise strategies, such as limits on chiropractic care, to control costs.
Visit your state’s workers’ compensation department website to learn about the requirements where you live. If your business expands to multiple states, you’ll need to understand the different rules in the new state.
Our team at Besnard Advisors has worked with over 4,100 restaurants nationwide and understands the varying regulations and law concerning workers’ compensation for restaurants.
Reduce costs. Reduce claims. Talk to our advisors today.