If you're in the retail business, then you certainly have to hire enough employees to keep the doors open. That's especially true if you want to have the support you need as your business grows.
However, as you increase your staff, you have to recognize that you owe all employees a safe, secure and healthy working environment. If for some reason they sustain harm, you will often have to offer them financial assistance. This aid can come in the form of benefits provided by your workers compensation insurance policy. It's a great benefit to have because it significantly reduces your own financial liability for employee injuries.
There are numerous occupational injury scenarios that might qualify an employee for workers compensation. However, the more you do to protect your employees, the lower your risk of claims will be. Let's take a look at some of the common causes of workers comp injuries.
Workers Compensation In Brief
Anyone could get hurt on the job or get sick when exposed to certain workplace conditions, even those who work in jobs that they think of as low-risk.
Regardless of whether the business was at-fault for the accident, they still have a duty to see to their employees' welfare following the accident. It happened on their company premises, after all. This is where workers compensation insurance comes into play.
Workers compensation coverage will pay supplementary income while employees cannot work. It can help them pay medical bills and even day to day costs, which would ordinarily be paid by their regular paycheck. Thus, they won't face financial hardships simply because they can't work due to an injury.
Common Workers Compensation Risks In Your Office
Often, businesses must provide workers compensation insurance to employees by law. So, you'll likely have to get a policy when you plan to open a retail business.
You might ask, however, what injuries will qualify for workers compensation? Here are just a few:
- Slip-and-fall risks: Your employees might slip, fall and hurt themselves, even when simply walking around the space.
- Repetitive motion injury risks: Employees might work on computers, consistently typing on a keypad. They might have to do heavy lifting all day. Over time, this could lead to deteriorating joints and other internal damage.
- Driving injuries: If employees drive a car as part of their duties, they might get hurt in accidents.
- Workplace violence: Someone might get hurt by another person, even when they are trying to do their jobs.
- Fires: Burn injuries might result should a fire break out in the store.
Additionally, toxic exposure injuries, and work-related chronic illnesses will also qualify for workers compensation coverage. However, it's important to work with your workers compensation insurer to ensure your benefits comply with all local workers compensation standards and meet your own specifications. You do need this coverage. Don't wait to get it.
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