Workers’ comp insurance serves a dual purpose: it covers medical expenses and provides lost wages to employees who sustain work-related injuries or develop illnesses or become disabled as a result of their injuries.
This article takes a look at workers’ comp insurance by industry and discusses how each industry benefits from investing in workers’ comp insurance.
Workers’ comp by industry.
1. The restaurant and food service industry.
If you know anything about the restaurant and food service industry, you know that the work is hectic and fast-paced. Employees are on their feet for the better part of the day, and during busy periods, they are often under pressure to carry heavy trays of drinks and food to customers as quickly as possible.
Working in a hectic and demanding industry such as this can result in injuries caused by cuts, burns, and slips and falls. Workers’ comp insurance can help restaurant and food service employers ensure that their employees receive medical treatment and are not financially disadvantaged due to their work-related injuries.
2: The hotel and hospitality industry.
Employees in the hotel and hospitality industry, including front desk receptionists, housekeeping staff, kitchen staff, and waiters and waitresses, are constantly at risk of occupational injury. Most of the injuries these employees sustain are related to unsafe lifting, hazardous contact with chemicals and slips, trips, and falls.
Workers’ comp insurance can help employers in this industry ensure that their employees receive the highest level of medical care after a work-related injury. It also provides financial support to these employees while they are unable to report to work.
3. The medical services industry.
When discussing workers comp insurance by industry, we cannot leave the medical services industry behind. Even though the medical services industry promotes health and healing, some risks are generic to the industry.
Healthcare professionals are exposed to biological hazards, such as bacteria and viruses; chemical hazards, such as antiseptics and disinfectants; and physical hazards, like X-rays and other forms of radiation.
Workers’ comp insurance can help employers in the medical services industry provide their employees with the required medical assistance and rehabilitative care, helping the employees restore their maximum physical capacity.
4. The real estate industry.
Even though it may not seem like it, the real estate industry is risky. Employees in this industry, including real estate agents, property management staff, and office staff, may sustain injuries related to animal bites, falling objects, carpal tunnel, and slips and falls.
Workers’ comp insurance can help employers in this industry cover medical expenses associated with their employees’ injuries on the job and support the employees financially while they recover at home.
5. The paper and wood manufacturing industry.
The paper and wood manufacturing industry is one of the most dangerous industries, with a high risk of injury for employees. Employees may suffer injuries related to equipment noise, material kickback, being struck by moving objects and being caught between machinery.
Workers’ comp insurance can help these employees treat their injuries. Moreover, while they are recuperating from their injuries, workers’ comp insurance supports them financially, allowing them to cover their day-to-day expenses.
Invest in workers’ comp insurance.
Regardless of what industry you are in, understanding workers’ compensation insurance by industry is one of the best decisions you can make for your business.
Not only does it cover your employees’ medical expenses when they sustain work-related injuries, but it also provides wage loss benefits to help prevent your employees from suffering financial losses since they will not be attending work until they are fully recovered. Invest in workers’ comp today and protect your employees.