Find Your Nearest Location ☰ ˟
Logo
Find Your Nearest Location
  • Home
  • Our Agency
    • About UsImage of right arrow
      • Our Staff
      • Our Locations
    • Our Providers
  • Products
    • Automobile
    • Homeowners
    • Life
    • Health
    • Medicare
    • Recreational Vehicle
    • Insurance for Your BusinessImage of right arrow
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Umbrella Insurance
      • Errors and Omissions Insurance
      • Fidelity Bonds
      • Inland Marine Insurance
      • Product Liability Insurance
      • Professional Liability Coverage
      • Small Business Insurance
      • Surety Bonds
      • Workers Compensation
    • Insurance for Your EmployeesImage of right arrow
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Retiree Health Coverage
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
    • Farm
  • Get a Quote
    • Automobile
    • Homeowners
    • Business & Commercial
    • Recreational Vehicle
    • Life & Health Insurance
    • Medicare
    • Annuities
    • Farm
  • Customer Service
    • Area Federal Credit Union
    • Dakotaland Federal Credit Union
    • Dakotaland Federal Credit Union - Brookings
    • Dakotaland Federal Credit Union - Desmet
    • Highmark Federal Credit Union
    • Northern Hills Federal Credit Union - Deadwood
    • Northern Hills Federal Credit Union - Spearfish
    • Northern Hills Federal Credit Union - Sturgis
    • Service First Federal Credit Union
    • Service First Federal Credit Union - Smithfield
    • Explorers Credit Union
    • Bluestone Federal Credit Union
    • Levo Credit Union
    • Vermillion Federal Credit Union
    • Voyage Federal Credit Union
    • DFS Central
  • Claims
  • Contact
    • Contact Us
    • Locations & Hours
Home > Workers Compensation Home

Workers Compensation


Workers Compensation Information

Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.

Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. Workers Compensation Insurance is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job.

In most states, if you have employees, you are required to carry Workers Compensation coverage. Even in non-mandatory states, it can be a very good idea, particularly if you have many employees, or if they are engaged in hazardous activities.

Do I need workers compensation insurance?

Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken.

To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers compensation insurance. Workers compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.

Workers compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.

Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.

Workers compensation insurance must be bought as a separate policy. Although in-home business and business owners policies (BOPs) are sold as package policies, they don't include coverage for workers' injuries.
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
safeco
Home| Get A Quote| Customer Service| Blog| About Us| Contact
2324 NE 8th Avenue, Suite 1 | Aberdeen, SD 57401
P: 605-229-5200 | Fx: 605-725-4999 | cassie@dakfs.com
Sociala drawing of a face
Logo

Powered by Insurance Website Builder