Protecting Employees: Workers’ Compensation vs. Health Insurance

A just company will want to do their best to protect the rights and financial security of employees and there are many ways to support this. The vast majority of companies will provide health insurance, or at least pay for most of it, and all companies must legally provide workers’ compensation insurance to all employees. One question that could come up for employers is: which is better to invest in to protect employees?

The answer to this largely depends on the nature of the field that your company is in. As previously noted, workers’ compensation insurance is a legal necessity, but if you own a company in an industry that is known for common workplace injuries, it may be a good idea to invest more heavily than the bare minimum. For example, construction companies are known to have more frequent that usual injuries on job sites and therefore workers’ comp insurance would always go to use. In these and similar fields, heftier insurance would be a good thing to invest in more fully.

If your business is not in a dangerous field, then it might be best to instead obtain the minimum required workers’ compensation insurance and invest more heavily instead into employee health insurance. The reasoning behind this would be that employees are more likely to be injured or fall ill outside of work than during it and therefore health insurance would be a more valuable asset.

However you as a company decide to proceed, remember that trying to dodge workers’ compensation claims may leave to vulnerable to a lawsuit. If you are an employee that is having their workers’ compensation claim blocked or denied, we at the Franco Law Firm would be honored to help you fight and win the funding that you deserve. To learn more and to schedule a free consultation with us today, please call us at (813) 872-0929.