Recently, you suffered an injury that keeps you from earning a living. You want to handle the situation properly, but do not know whether to apply for workers’ compensation or disability insurance.
Chron breaks down the two coverages for those who cannot work. Determine whether you have a workers’ comp case or a situation for your insurance provider.
Did you hurt yourself on the clock or while out of the office? Workers’ comp only covers harm sustained while carrying out standard work duties, but disability takes care of illnesses and injuries that keep you from earning a living.
Your company pays for workers’ comp insurance, which compensates you for a loss of earnings and health care bills related to your workplace injury. You may bear financial responsibility for paying for disability insurance. Another difference is if you qualify for workers’ comp, you likely suffered temporary harm rather than a disability.
No matter if you file a disability or workers’ comp claim, you receive financial compensation for a percentage of your regular earnings. Both coverage types vary according to the injured party’s geographic location and industry. If you deliberately harm yourself, you cannot qualify for either insurance type.
One limit of disability and workers’ comp is neither provides full salary compensation while a person recovers. Employees at risk of suffering extensive illness or injury may pay higher disability insurance premiums than those working in low-risk roles.
Experienced professionals may help you decide which insurance coverage applies to your circumstances. You deserve to make a stress-free recovery and receive fair and full compensation.