If you have a small business or start-up with employees, then you need to have employee compensation insurance. It provides insurance coverage for your employees if they are injured while working. If one of your employees is injured, they will need to file a claim with the insurance company. When it comes to filing a workers’ compensation claim, it can be daunting and time-consuming to figure out how to get started. However, partnering with an insurance company that specializes in workers’ compensation can make the process much easier.
Here are 7 services/features that such an insurance company can provide;
1. Review Your Policy
You should review your policy and make sure you understand what is covered. This will help you determine what type of benefits your employee is eligible for. A small business policy typically covers medical expenses which can include doctor’s visits, hospitalization, surgery, prescription medication, and a portion of lost wages which can be partial or full depending on the policy.
2. File the Claim
The insurance company will help you file the claim and submit all the necessary documentation. This company will be familiar with the process and can help ensure that everything is submitted correctly. Claims are submitted to the state where the injury occurred either online or by mail. The company will help you collect all the necessary documentation, including medical records and bills. This can be a time-consuming process, but it’s important to have all the documentation in order before proceeding with the claim.
3. Manage the Claim
Once the claim has been filed, the insurance company will be responsible for managing it. This includes keeping track of all the documentation, communicating with the state and making sure your employee receives the benefits they are entitled to. The insurance company will also be responsible for paying out the benefits.
4. Help with Medical Treatment
The insurance company can also help you find the right medical treatment for your employee. If your employee needs to see a specialist, the insurance company can help you locate one in your area. They can also provide you with information on how to get the best possible care for your employee. Workers’ compensation insurance typically covers all reasonable and necessary medical expenses related to the injury.
5. Appeal a Denied Claim
If your claim is denied, the insurance company can help you file an appeal. It will review the denial and help you gather the necessary documentation to support your appeal.
6. Return to Work
The insurance company can also help you develop a return-to-work plan for your employee. This plan will help your employee transition back to work after an injury. It will include a gradual return to work schedule and may also involve modified duties. The insurance company will work with you to create a plan that is safe for your employee and meets the needs of your business.
Partnering with an insurance company that specializes in workers’ compensation can make the process of filing a claim much easier. These companies can provide you with the resources and support you need to ensure that your employee receives the benefits they are entitled to. If you have a small business or are self-employed, consider investing in a policy to protect yourself and your workers.