4 Major Benefits Of Workers’ Compensation Insurance

In the business sector, it is generally required of businesses with employees to subscribe to Workers’ Compensation Insurance coverage, business owners on  reviewsbird.co.uk highlighted.

This is a legal bargain between an employer and his employees, which affords benefits to any injury incurred by the team workers in the course of working, and in turn reducing the employer’s risk of unplanned financial losses or jail time in some cases. Mind you, some states would pay commission to their workers solely and there would be no need for them to be covered. So irrespective of whoever is at fault, the insurance policy  ensures the employee gets to enjoy the most benefit of this coverage.

Although there are many benefits of this policy on workers compensations reviews, there are four major benefits which this policy virtually provides to all employees in the state. These benefits are:

·       Medical Coverage

If an employee should incur an injury while performing his duties in the company’s premises during working hours, this insurance coverage would help carry the employee’s medical expenses. This may  include payment for  medication, physical therapy, nursing care or medical equipment like crutches. Although there might be laws placing restrictions on some treatments, the benefits are provided until the patient fully recovers.

·       Rehabilitation

For on-site-injuries that have caused the need for an employee to temporarily lay off work, most states make provisions for vocational rehabilitation which would help them get back to work in no time. And for those who have suffered mental disorder due to some work related injury, provisions are made for psychological rehabilitation too. This way, they  are properly and quickly attended to ensure they resume their task on time.

·       Death Benefits

Like injuries, benefits are also provided on the decease of an employee. If an employee likely dies due to an on-site-injury,  death benefits are being  provided for some of the deceased employee’s relatives who were dependent on him. Though some funeral expenses are also being covered, these benefits are mainly provided to compensate the family members of the deceased.

·       Disability Benefits

These benefits are made to replace a percentage of the wages the employee lost while he was disabled due to an on-site-injury. It could be in form of;

Temporary total: This form of disability benefit is provided to an employee who is unable to work for a short period of time due to being disabled by an on-site-injury.

Temporary partial: this benefit is provided to an employee who is partially disabled by a short time injury.

Permanent total: here, the injury sustained is a permanent one which would deprive the employee the opportunity to work in that line of interest in the future.

Permanent partial: this benefit is provided to an employee that has sustained a permanent injury which would at the end of the day reduce their earnings to what they’ve been earning before.

Conclusion

Understand that although these benefits received by injured employees may seem the same …

Read more

Reduce your Risk of Robberies in Retail Businesses

Crime is a reality of our world. In some areas, it is decreasing while in others it is increasing. Unfortunately, there are aspects of our society more vulnerable to robberies, theft and burglaries than others. Retail businesses are targets of many crimes for a multitude of reasons, including the storage and collection of cash on their premises.

How do you mitigate and reduce the incidence of crime in your business? What can be done to better secure and protect your property and assets? Those are important questions and they’re necessary to assess your security. Improving security at your business should be your highest priority. What are the best strategies? Business owners like yourself have shared their tips, tricks, and experiences on peer review websites such as Reviews Bird on which are the best security companies, types of CCTV systems to buy, and other methods on increasing your protection. Reading ways to improve property security will help you keep your business safe and profitable.

Robbers target retail businesses and outlets because they use cash registers; the business sells products that can be quickly sold for cash on the street; the business is open during the night; the business has few employees or staff on duty.

The most common type of retails businesses targeted are:

  • Convenience stores
  • Supermarkets
  • Service stations
  • Jewelry stores
  • Pawn stores
  • Liquor stores
  • Clothing stores

These types of retail businesses are cash-intensive meaning that customers usually pay for products with cash and the cash registers are usually stocked with money. These types of businesses also rarely bank their money daily and this means they usually have a safe on the premises into which they lock and protect their cash until they can deposit those funds into their bank or use it to buy new stock. Smaller retail businesses also usually have one or two employees on duty and it is convenience stores and service stations that are targeted most at night when there is usually one employee on duty at a time. Robbers are more likely to attack at those hours when there are fewer potential witnesses and bystanders at the business and when there will be more chance for them to successfully rob the store of their cash or products and flee the crime scene successfully.

Unfortunately, there is very little that can be done to stop crime. However, you can do all possible to prevent and reduce your risk of robbery with a few key security measures to your retail business’ premises and site.

  1. Ensure your windows and counters are clutter-free so that your store is in full view of pedestrians and passers-by. The more visibility you have in the store, the more likely that will serve as a deterrent to opportunistic robbers. If you have a security system with CCTV and surveillance cameras, make sure that nothing blocks their views.
  2. Installing alarms and silent alarms will help you notify people nearby, your security company and law enforcement departments of a robbery in progress. An alarm
Read more