[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/blinsuranceadvisors.com\/2021\/08\/14\/overview-of-workers-compensation-insurance\/#BlogPosting","mainEntityOfPage":"https:\/\/blinsuranceadvisors.com\/2021\/08\/14\/overview-of-workers-compensation-insurance\/","headline":"Overview of Workers\u2019 Compensation Insurance","name":"Overview of Workers\u2019 Compensation Insurance","description":"If you are an employer preparing to deal with Workers\u2019 Compensation Claims in New Jersey, you can count on the experience and knowledge of Blue Lion Insurance Advisors to see you through. Although Workers\u2019 Compensation Insurance is a practical solution to the ongoing problem of work-related injuries, the program varies from state to state and...","datePublished":"2021-08-14","dateModified":"2021-11-03","author":{"@type":"Person","@id":"https:\/\/blinsuranceadvisors.com\/author\/elio\/#Person","name":"Elio Vecchiarelli","url":"https:\/\/blinsuranceadvisors.com\/author\/elio\/","identifier":6,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/15c35da080c419503e03feba5465f40e1c34461e8828c512527e237a9019be5b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/15c35da080c419503e03feba5465f40e1c34461e8828c512527e237a9019be5b?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Blue Lion Insurance Advisors","logo":{"@type":"ImageObject","@id":"https:\/\/blinsuranceadvisors.com\/wp-content\/uploads\/2020\/04\/blue-lion-logo.png","url":"https:\/\/blinsuranceadvisors.com\/wp-content\/uploads\/2020\/04\/blue-lion-logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/blinsuranceadvisors.com\/wp-content\/uploads\/2021\/11\/overview-of-workers-compensation.jpg","url":"https:\/\/blinsuranceadvisors.com\/wp-content\/uploads\/2021\/11\/overview-of-workers-compensation.jpg","height":805,"width":1302},"url":"https:\/\/blinsuranceadvisors.com\/2021\/08\/14\/overview-of-workers-compensation-insurance\/","about":["Workers' Compensation"],"wordCount":741,"articleBody":"If you are an employer preparing to deal with Workers\u2019 Compensation Claims in New Jersey, you can count on the experience and knowledge of Blue Lion Insurance Advisors to see you through. Although Workers\u2019 Compensation Insurance is a practical solution to the ongoing problem of work-related injuries, the program varies from state to state and may be confusing. For assistance, contact us at (732) 649-1600 or online.For this reason, it is essential that you not only purchase an appropriate insurance policy, but that you contact our skilled insurance advisors to help you protect your business, your assets, your employees, and your reputation from an unexpected, possibly catastrophic, event.Employee Injuries Can Occur in Any WorkplaceIn New Jersey, as throughout the nation, workplace injuries involving Workers\u2019 Compensation claims are quite common. Whether your company carries the inherent dangers of construction, excavation, demolition, electrical work, or chemical production, or seems to maintain an entirely safe and sedate environment, employees can be seriously injured at your place of business.\u00a0Whether you run a restaurant, a clothing store, or a law office, individuals in your employ may be hurt by incidents involving:Slip and falls\u00a0Over-exertion or overreachingRepetitive stress related to the jobExposure to environmental hazardsIllness related to the workplaceEquipment malfunctionsTransportation mishapsFire or explosionIntentional attackNo matter what type of injury your employee sustains during work, Blue Lion Insurance Advisors can assist you in making certain you have the right Workers\u2019 Compensation Insurance for your specific needs.\u00a0How New Jersey Workers\u2019 Compensation WorksExcept for those covered by federal programs, all New Jersey businesses with employees are required to carry Workers’ Compensation Insurance, through partnerships and limited liability companies (LLC’s) may be self-insured. In order to be eligible for Workers\u2019 Comp coverage, an employee must:Be receiving standard paychecks with taxes deducted each pay periodHave suffered an injury beyond the scope of first-aid treatmentHave suffered the injury while performing her jobIt is important to understand that your company may not need to provide Workers\u2019 Compensation Insurance for independent contractors, interns, or volunteers.Benefits of New Jersey Workers\u2019 Comp to Your CompanyThere are several notable benefits for both your company and your employees under New Jersey Workers\u2019 Compensation. If injured at your workplace, through workers\u2019 Comp your employees will receive:Paid medical and rehabilitation costs70 percent of lost income (after one week of missed work)\u00a0Temporary or permanent disability benefits, if eligibleYour company, too, will benefit greatly since by receiving workers\u2019 comp your injured employee gives up his or her right to sue you except in cases of extreme negligence, recklessness, or direct assault.\u00a0Additional advantages are that:There is no need for either party to prove fault in order for workers\u2019 comp to be providedThere is no waiting period for workers\u2019 comp to kick in — the policy is in force as soon as the employee is hiredOur well-informed insurance advisors, who have successfully handled workers\u2019 comp cases so many times, can walk you through what may seem to be an intimidating process.\u00a0Types of Benefits Your Employee May Be Entitled ToAs a business owner, you can request an independent medical examination (IME) with a different qualified medical expert than the one who performed the initial exam. Depending on the severity of the injury, your employee may be entitled to:Medical benefitsTemporary total benefitsPermanent partial benefitsPermanent total benefitsDeath benefits to dependents\u00a0\u00a0It should be remembered that employees who do not adhere to their prescribed treatment planmay lose their workers\u2019 comp benefits.At Blue Lion Insurance Advisors, we can help you find the most cost-effective Workers\u2019 Compensation policy for your company.\u00a0How to Keep Your Workers\u2019 Comp Claims to a MinimumBelow are some strategies to keep costs and workers\u2019 comp claims down:Investigate potential workplace dangers and repair them immediately\u00a0Take all accident reports seriously and file claims as quickly as possibleMake sure to train employees in all matters of safety protocol and check to make sure the measures are being implementedMake accommodations\u00a0 for injured employees to return to work in comfort as quickly as possibleContact Our First-Rate New Jersey Workers\u2019 Comp Insurance Advisors TodayOur accomplished insurance advisors will ensure that your company and your employees are protected in case of a work-related injury or illness. Contact us now to make certain your company\u2019s insurance policy remains Blue Lion Strong\u2122. "},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"2021","item":"https:\/\/blinsuranceadvisors.com\/2021\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"08","item":"https:\/\/blinsuranceadvisors.com\/2021\/\/08\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"14","item":"https:\/\/blinsuranceadvisors.com\/2021\/\/08\/\/14\/#breadcrumbitem"},{"@type":"ListItem","position":4,"name":"Overview of Workers\u2019 Compensation Insurance","item":"https:\/\/blinsuranceadvisors.com\/2021\/08\/14\/overview-of-workers-compensation-insurance\/#breadcrumbitem"}]}]