Workers Compensation Insurance in Lake Oswego, OR
Workers’ compensation Insurance plays a vital role in ensuring that workers are adequately cared for and financially supported in the event of workplace accidents or illnesses. Contact Action Insurance Company in Lake Oswego, Oregon, to compare workers’ comp insurance quotes.
worker falling from ladder inside building
What Is Workers’ Compensation Insurance?
Workers’ compensation insurance is a crucial safety net designed to protect workers and employers. It can benefit employees who suffer work-related injuries or illnesses.
Workers’ comp insurance offers various benefits, including medical coverage, wage replacement and rehabilitation services, to help injured workers recover and return to work. In exchange for these benefits, employees typically waive their right to sue their employers for negligence related to workplace injuries or illnesses.
What Types of Injuries Are Covered by Workers’ Comp?
Workers’ compensation Insurance may cover a wide range of injuries and illnesses that occur in the workplace or are directly related to job duties, which may include but are not limited to the following:
- Repetitive motion injuries, such as typing or lifting
- Occupational illnesses, such as occupational asthma, from exposure to harmful chemicals
- Slip-and-fall injuries, such as tripping over cords or slippery surfaces
- Machinery and equipment injuries
Auto accidents if their job duties required them to be on the road
Workers’ comp insurance may cover injuries or illnesses that aggravate pre-existing conditions, provided the workplace contributed to the aggravation, depending on the policy.
It’s essential to note that workers’ compensation benefits are generally not limited to specific types of injuries but are intended to provide coverage for work-related accidents and illnesses in general.
Who Is Required to Carry Workers’ Comp Insurance?
Nearly all employers are legally required to carry workers’ compensation insurance in Oregon. The state mandates that employers with one or more employees, including part-time and temporary workers, obtain this insurance coverage. A few exceptions exist to this requirement, such as sole proprietors, certain agricultural enterprises and certain domestic workers.
Even if employers fall under the exempt categories, they can purchase workers’ compensation insurance voluntarily to protect their employees and themselves. Voluntary coverage ensures that employees receive necessary benefits in the event of work-related injuries or illnesses, and employers are safeguarded against potential lawsuits.
How to Get Workers’ Compensation
We’re ready to help you secure workers’ compensation coverage for your business. Contact Action Insurance Company today for more information or a quote.