Workers’ compensation benefits are designed to provide a financial safety net for employees, in addition to any other insurance that may be available. The state sets the parameters of these benefits, and the company is legally obligated to provide them.
If an employee dies on the job, Workers’ Compensation can cover the funeral costs. They also cover a portion of the employee’s medical bills and a percentage of the employee’s lost wages. In addition to these benefits, Workers’ Compensation pays up to a lump sum in death benefits and up to a certain amount per month in disability benefits for a set number of years.