Workers Compensation Information
Moose Jaw, SK Workers Compensation Insurance
Also serving Regina and surrounding areas in Saskatchewan
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 provinces 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 provinces require that employers carry some form of Workers Compensation Insurance. All federally-regulated employers are required this coverage as well. Workers Compensation is designed specifically for injuries sustained on the job.
In most provinces, if you have employees, you are required to carry Workers Compensation coverage. Even if it's not required, it can be a very good idea to have, 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 compensation for lost income to employees hurt in workplace accidents, businesses are generally 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 rehabilitation. It can also provide death benefits to surviving spouses and dependents.
Each province has different laws governing the amount and duration of lost income benefits and how the system is administered. For example, in most provinces 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.