Workers’ Compensation Insurance: Do You Need It?

Workers’ Compensation Insurance: Do You Need It?

When you hire a nanny, babysitter, or a caregiver of any sort, do you need workers’ compensation to cover the liability?

When you have an employee under your services like a housekeeper, senior caregiver, or nanny, having workers’ compensation can offer the protection you need if that employee gets injured while on the job. Your nanny can step on an unmerciful LEGO brick, your housekeeper can fall down a flight of stairs, the caregiver may pull their back trying to pull your parent from bed; the possibilities of injury are near endless. When you hire a caregiver, make sure that you have the right workers’ compensation under your policy.

  1. Why Have Workers’ Compensation?

Only about half of all states in the U.S. require that employers own workers’ compensation. Because of this, these employers may think that they don’t need this policy. Workers’ compensation can help take care of the employee, but more importantly, it works as a financial shield for you.

  1. What Happens if the Caregiver Gets Hurt?

If your employee gets injured while they are on the job, you must alert your carrier and include the necessary information like date, location, time, names, and contact information. The insurance carrier will take care of the medical bills, up to the limit, and even give the employee money for lost wages.

  1. Why Can’t I just Pay the Medical Bills?

Nothing is stopping you, but it’s just not the way things are done. Just offering to cover the medical costs to take care of the injury and save you the claim may come back to hurt you. If your employee’s injuries recur or flare up, you may have to deal with even more bills.

For all of your business insurance needs, like workers’ compensation, contact Miller Insurance Associates in Carlisle, Pennsylvania.