The world is full of uncertainties and you don’t know what the future holds for you. That’s why it is advisable to take precautions today for a better future. If you own a business then you should prepare yourself to deal with the associated risks.
Your business thrives on the hard work of your employees/workers. It’s your responsibility to look after your greatest assets, i.e. your employees.
How can you do that?
Buying a worker’s compensation, also known as an employee compensation policy is one way you can take care of your employees.
Before telling you more about the details of this policy, let’s look at what a workers’ compensation (also known as an employee compensation) policy is:
What is Workers’ Compensation or Employee Compensation Policy?
A Workmen Compensation / Employee Compensation policy is a key enabler by which you (as an employer) meet the responsibilities imposed by the workers’ / employees’ compensation statutes. The policy covers your statutory liability for death or bodily injuries caused to your employees that might arise during their employment.
Now that you know what employee compensation is, it’s time for you to understand how to file a claim for this policy.
Here is the step-by-step guide that will help you file a claim for this kind of policy:
Notify your Insurer
Whenever an accident occurs in your workplace, your first job is to make sure that your injured employee is taken to the nearest medical faculty so that he/she can get proper treatment. After this, you should inform your employees’ (or workers’ compensation) insurance provider. It is not just a responsibility, but you are bound by law to do it as soon as possible.
Notify the Police and Local Labour Authority, If Required
No matter what type of accident happens at your workplace, you should report it to the local police authorities. Filing the complaint regarding the accident will help you deal with the assigned claim team in the future.
It would help if you also inform the local labor authority – this will help to make sure that all the workers stay at work and maintain the discipline around your workplace premises.
Submit the Required Documents
Once you notify your insurer about the incident, you need to submit various documents, such as the claim form, medical reports and compensation records, as a part of filing the claim.
It’s your responsibility to provide your injured employees with the necessary medical benefits. In the claim form, you will need to fill the following details:
- Time, date, and location of the injury
- How the accident happened
- Nature and bodily location of the injury
- Any other people who were involved
- Medical treatment you’ve been given so far
After submitting the required documents, the claim settlement process, as defined by the insurer, continues.
Coordinate with the Assigned Claim Team
Your insurance provider will arrange for professionals to investigate the incident and determine whether your claim is right or wrong. Make sure you co-operate and give them all the information related to the accident without hiding any relevant information.
The assigned claim team will investigate:
- The injured employee
- The spot of the incident
- Eyewitnesses (if any)
- Other people (if they were involved)
- All the documents that you submitted
How Can SecureNow Help You in the Claim Settlement Process?
SecureNow not only provides you with quotes from different workers’ compensation or employees’ compensation policy providers but can also guide you throughout the claim process. We provide professional help, from claim intimation and document submission until your claim gets passed.