Businesses often focus on product loss or service disruptions, but employees are just as vital. Workers’ Compensation insurance helps protect both your team and your business by covering workplace injuries and reducing the risk of costly legal claims.
What Does Workers’ Compensation Insurance Do?
Workers’ compensation insurance provides essential coverage for employees who suffer job-related injuries or illnesses. It helps pay for medical expenses and replaces lost wages during recovery, ensuring workers get the support they need. For employers, it offers financial protection by reducing the risk of lawsuits related to unsafe working conditions. In the event of a work-related death, the policy also provides death benefits to the employee’s beneficiaries.
In Hawai’i, carrying workers’ compensation insurance is mandatory, however, you may choose some elements of the policy.
Qualifying For Workers’ Compensation
To receive a payout from a business’ workers’ compensation insurance policy, an employee must be able to demonstrate that they were injured on the job or as a result of their job. If a machine malfunctions and injures a worker, that worker can receive benefits for lost wages while they recover from their injury, and possibly have the coverage pay for medical bills and rehabilitation expenses.
Similarly, if a worker can prove that they developed mesothelioma due to hazardous work conditions at their place of employment, they may also qualify for workers compensation benefits. However, injuries from a vehicle accident to or from work, or employee injury while behaving in a manner that violates normal company policy while at work may not qualify for a compensatory payout from the insurance policy.
Industries Served
Here at Atlas, we understand that no two businesses are the same. Your insurance policy needs to be customized, ensuring you receive coverage while also maintaining compliance. For a breakdown of policies based on your respective industry, click the button below to learn more.
Secure Workers’ Compensation Insurance From Atlas Insurance Agency, A Marsh & McLennan Agency LLC
If you are looking for a policy that will suit your specific needs, trust the specialists. At Atlas Insurance Agency, A Marsh & McLennan Agency LLC, we are happy to craft a policy that works for you and keeps you in line with your legal requirements. Reach out by phone to learn more or contact us online today.
Common Questions About Workers’ Compensation Policies
What does workers’ compensation insurance cover?
Workers’ compensation provides wage replacement and medical benefits to employees who are injured or become ill due to their job. In Hawai’i, coverage typically includes:
- Medical expenses for diagnosis and treatment
- Temporary total disability (TTD) benefits
- Permanent disability and disfigurement benefits
- Vocational rehabilitation
- Death benefits for surviving dependents
How are workers’ compensation benefits calculated in Hawai’i?
Wage replacement benefits for temporary total disability are generally calculated at 66 2/3% of the worker’s average weekly wage, subject to a statewide maximum. The state updates this maximum amount annually. Medical and rehabilitation benefits are paid as needed, with no deductible cost to the employee.
What should I do if one of my employees gets injured on the job in Hawai’i?
If an employee is injured while working:
- Provide immediate medical attention.
- File a report with your workers’ comp insurance carrier promptly.
- Submit required forms to Hawai’i’s Disability Compensation Division (DCD), such as WC-1.
- Cooperate with the claim investigation and maintain open communication with the injured worker to support return-to-work efforts.
Delays in filing can impact the employee’s benefits and may open employers up to liability, including penalties.
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