Amazing Workers Compensation Insurance

Amazing Workers Compensation Insurance

What Is Workers Compensation Insurance? Employers are legally obligated to take reasonable care to assure that their workplaces are safe. Nevertheless, accidents happen. When they do, workers compensation insurance provides coverage. Workers compensation insurance serves two purposes: It assures that injured workers get medical care and compensation for a portion of the income they lose while they are unable to return to work and it usually protects employers from lawsuits by workers injured while working. Workers receive benefits regardless of who was at fault in the accident. If a worker is killed while working, workers comp (as it is often …

Health Insurance Plans 2020

Health Insurance Plans 2020

It is an agreement under which insurance companies agree to guarantee compensation for medical costs, while a policyholder is hospitalized due to illness or being injured due to an accident. To ensure this offering, insurance companies tie-up with several hospitals and clinics to provide cashless treatment to the insured. In the absence of any tie-up, the insurer reimburses medical expenses. The government also encourages it by rendering tax deduction. Benefits of Health Insurance Cashless Facility In case of hospitalization of the policyholder, the insurer settles the bill directly with the hospital. Tax Benefits Every insurance policyholder enjoys tax benefits for …