Is Your Employers Insurance Any Good?

Being in healthcare there are many things to worry about. You are always at risk of exposure to diseases and contaminated equipment and objects. You want to be sure your health care employer is not only looking out for their needs but yours as well. Outside the general benefits for employees such as medical, dental, retirement, and sick pay, there are things they can be insured for that will secure your needs as an employee for them to protect you. Here are 4 insurances your employer should have and how they pertain to you.

Workers Compensation
This insurance covers any work related illness and injuries. This covers an employee’s rehabilitation costs and income replacement. If you are on company time, slip, and fall your employer has this coverage for that exact reason. You may have injured your hip or wrist and need rehabilitation services along with a few weeks off work. Depending on the situation your insurance provider may need to cover your health and rehabilitation costs. You would have a case filed to receive your wages for time off work. Your general health insurance provider has the right to bill workman’s compensation insurance to receive their money back.

General Liability Insurance
This protects a company against general lawsuits. A healthcare provider can be sued over numerous things and there could be suits almost weekly. A few lawsuits include personal injury, slander, omissions, faulty products, and negligence. General liability insurance helps protect you as a medical worker. A person would not be able to sue you directly but must sue your employer. Your position with the company would be evaluated on a case by case basis.

Computer and Media Insurance
This is very important for healthcare providers because of HIPAA laws and regulations. The general keeping of paperwork is now outdated. Everything is being switched over to electronic data entry and filing. Most information will be recorded via laptops. If some way you spilled coffee on a laptop and it destroyed the system this insurance would replace the laptop because the hardware is now damaged.

Business Income for Interruption of Practice
This is a smart option for a business to purchase. This covers the income loss of a business should they not be able to operate as of no fault of their own such as extreme flooding. There are daily limits that can be purchased to protect themselves. An employer has the ability to pay their employees for the income loss.

Being in healthcare there are many things to worry about. You are always at risk of exposure to diseases and contaminated equipment and objects. You want to be sure your health care employer is not only looking out for their needs but yours as well. Outside the general benefits for employees such as medical, dental, retirement, and sick pay, there are things they can be insured for that will secure your needs as an employee for them to protect you. Here are 4 insurances your employer should have and how they pertain to you.

Workers Compensation
This insurance covers any work related illness and injuries. This covers an employee’s rehabilitation costs and income replacement. If you are on company time, slip, and fall your employer has this coverage for that exact reason. You may have injured your hip or wrist and need rehabilitation services along with a few weeks off work. Depending on the situation your insurance provider may need to cover your health and rehabilitation costs. You would have a case filed to receive your wages for time off work. Your general health insurance provider has the right to bill workman’s compensation insurance to receive their money back.

General Liability Insurance
This protects a company against general lawsuits. A healthcare provider can be sued over numerous things and there could be suits almost weekly. A few lawsuits include personal injury, slander, omissions, faulty products, and negligence.  General liability insurance helps protect you as a medical worker. A person would not be able to sue you directly but must sue your employer. Your position with the company would be evaluated on a case by case basis.

Computer and Media Insurance
This is very important for healthcare providers because of HIPAA laws and regulations. The general keeping of paperwork is now outdated. Everything is being switched over to electronic data entry and filing. Most information will be recorded via laptops. If some way you spilled coffee on a laptop and it destroyed the system this insurance would replace the laptop because the hardware is now damaged.

Business Income for Interruption of Practice
This is a smart option for a business to purchase. This covers the income loss of a business should they not be able to operate as of no fault of their own such as extreme flooding. There are daily limits that can be purchased to protect themselves. An employer has the ability to pay their employees for the income loss.

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