{"id":368,"date":"2022-05-20T04:00:00","date_gmt":"2022-05-20T04:00:00","guid":{"rendered":"https:\/\/www.insuremeplus.com\/blog\/?p=368"},"modified":"2022-05-20T21:04:28","modified_gmt":"2022-05-20T21:04:28","slug":"does-workers-comp-insurance-count-as-part-of-an-employee-benefits-package","status":"publish","type":"post","link":"https:\/\/www.insuremeplus.com\/blog\/does-workers-comp-insurance-count-as-part-of-an-employee-benefits-package\/","title":{"rendered":"Does workers’ comp insurance count as part of an employee benefits package?"},"content":{"rendered":"

Although it comprises an integral part of your Boise, ID business insurance protection and medical and employment protection for your employees, workers’ compensation insurance doesn’t count towards your overall employee benefits package. At Fuhriman Insurance Agency, we want you to fully understand what you’re buying and why it’s necessary.<\/span><\/p>\n

Employee Benefits Package<\/span><\/strong><\/h2>\n

According<\/span> to The Balance, health insurance and paid time off comprise the cornerstone of an employee benefits package. Other insurance policies round out those two items, including:<\/span><\/p>\n

    \n
  • Short-term disability<\/span><\/li>\n
  • Long-term disability<\/span><\/li>\n
  • Dental insurance<\/span><\/li>\n
  • Vision Coverage<\/span><\/li>\n
  • Life insurance<\/span><\/li>\n
  • Health care flexible spending accounts (FSAs)<\/span><\/li>\n
  • 401(k) or another retirement plan<\/span><\/li>\n<\/ul>\n

    So, where does workers’ comp fit in?<\/span><\/p>\n

    Workers’ Compensation Insurance<\/span><\/strong><\/h3>\n

    FindLaw explains that the state-mandated insurance policy covers you, the employer, in cases where your business is liable for an employee’s on-the-job injury or illness<\/span>. The policy comprises part of your business or commercial insurance package. It protects your business from getting sued by your employee.<\/span><\/p>\n

    To do this, the policy accesses a fund that pays for the employee’s medical care and rehabilitative services if needed. It also pays for a portion of their wages, so even though they miss work due to injury or illness, they still have money coming into their household. Typically, it pays for about 40 percent of their wages.<\/span><\/p>\n

    If an employee does sue you, the insurance policy also covers your cost for an attorney, court fees, and the settlement.<\/span><\/p>\n

    So, although it provides funds for your employees when injured or ill due to workplace exposure, it does so to protect you from financial loss.<\/span><\/p>\n

    Contact Fuhriman Insurance Agency serving Boise, ID to obtain a workers’ compensation insurance policy that fits the state mandate and protects your financial security. Let us help you properly insure your business.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    Although it comprises an integral part of your Boise, ID business insurance protection and medical and employment protection for your employees, workers’ compensation insurance doesn’t count towards your overall employee benefits package. At Fuhriman Insurance Agency, we want you to fully understand what you’re buying and why it’s necessary. Employee Benefits Package According to The Balance, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[34,33],"class_list":["post-368","post","type-post","status-publish","format-standard","hentry","category-commercial-insurance","tag-boise-id","tag-fuhriman-insurance-agency"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insuremeplus.com\/blog\/wp-json\/wp\/v2\/posts\/368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insuremeplus.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insuremeplus.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insuremeplus.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insuremeplus.com\/blog\/wp-json\/wp\/v2\/comments?post=368"}],"version-history":[{"count":1,"href":"https:\/\/www.insuremeplus.com\/blog\/wp-json\/wp\/v2\/posts\/368\/revisions"}],"predecessor-version":[{"id":369,"href":"https:\/\/www.insuremeplus.com\/blog\/wp-json\/wp\/v2\/posts\/368\/revisions\/369"}],"wp:attachment":[{"href":"https:\/\/www.insuremeplus.com\/blog\/wp-json\/wp\/v2\/media?parent=368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insuremeplus.com\/blog\/wp-json\/wp\/v2\/categories?post=368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insuremeplus.com\/blog\/wp-json\/wp\/v2\/tags?post=368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}