Every business owner knows that they should carry workers compensation insurance, but they may not know exactly why. If you are currently shopping for workers compensation coverage for your managing general agents (MGAs), here are a few things you should know about this important type of coverage.
All Details of an Injury Should Be Recorded
If an employee becomes injured while on the job, it is imperative for them to record all the details of their injury for accurate insurance claim processing. Do not encourage them to leave details out or minimize their injuries in order to protect your company. Remember, workers comp MGA coverage is intended to help both you and your employee after an unexpected injury, so do not feel like you will get in trouble if your employee accurately describes their injuries for their claim.
Claims Will Be Denied if Employees Are Under the Influence
If your employee is under the influence of drugs or alcohol at the time of their injury, they will be responsible for the full cost of their care and recovery and their workers compensation claim will be denied. If you suspect that your employee was injured because of alcohol or drug consumption, be sure to have them drug tested right after the incident.
Workers compensation is a great benefit to employees and employers, and you should always make sure you are covered by a good workers comp MGA policy.