Workers Compensation Insurance

What is Workers Compensation Insurance?

Workers compensation insurance, also known as work comp, helps cover the costs associated with an employee who experiences a work-related injury or illness. Workers compensation insurance coverage could include: 

• Medical care and treatment for the work injury or illness
• Lost wages
• Compensation for permanent damage to or loss of function of a body part
• Rehabilitation services if the employee cannot return to their pre-injury job or pre-injury employer
• Death benefits, like helping pay for the funeral of the injured or ill employee

Why Do I Need Workers Compensation Insurance?

Federated Insurance^® wants to help your affected employee receive the best possible care, while also helping you contain costs associated with the claim. To that end, we offer: 

• A network of providers familiar with workers compensation who have the resources to help you develop an effective return-to-work/modified duty program so your employee can safely return to work
• A prompt and efficient claims management team, including online claims reporting and nurses who serve as liaisons, and help advocate for reasonable and necessary medical treatment
• Personnel with the needed resources, training, and experience to properly investigate claims to determine if they are eligible for compensation
• Special investigators to help prevent, detect, and eliminate fraud
• Prompt drug testing resources
• Prompt filing of required state forms to avoid penalties

*The specific coverage provided will depend on your policy
*Not available in all states

What is Managed Care?

In addition to workers compensation coverage, Federated also offers a managed care program to help you combat the rising costs of medical care and disability benefits associated with workers compensation claims. The goal of a managed care program is to: 

• Encourage a quick response to injuries
• Give attention to the injured employee
• Ensure rapid referral to clinical expertise
• Address modified duty and return-to-work situations
• Provide access to specialized services

Why Use Federated’s Managed Care Program?

You and your employees benefit when your company uses our modified duty/return-to-work managed care program for compensation claims. Employees get the right care, at the right time, in the right setting. Additionally, the program can help you reduce the expense related to workers compensation claims, which can have a positive impact on your workers compensation experience mod.

To learn more about our workers compensation insurance or other coverages, reach out to us today, or give us a call at 1-800-533-0472.
 

“The information herein is for general information only and should not be considered coverage, legal, tax, or financial advice.  The content herein is for the purposes of discussion only and should not be considered an offer of insurance or coverage advice.  Coverage will be determined solely by the terms of your policy, if issued.  A qualified professional should be sought regarding questions specific to your circumstances.”