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New Hampshire is one of the few states in the US that requires employers to provide workers’ compensation insurance coverage for their employees. This coverage helps protect employees in the event of an accident or illness while on the job, and it can help cover medical bills, lost wages, and other costs related to the incident. In this article, we’ll discuss the requirements for workers’ compensation insurance in New Hampshire and how it can benefit employers and employees alike.
What is Workers’ Compensation Insurance?
Workers’ compensation insurance is a type of insurance that provides financial protection for employees who are injured or become ill while performing their job duties. It is designed to help cover medical costs, lost wages, and other expenses related to the incident. This coverage is typically provided by employers and is required in most states, including New Hampshire.
Who is Eligible for Workers’ Compensation Insurance in New Hampshire?
In New Hampshire, all employers are required to provide workers’ compensation insurance coverage for their employees. This includes both full-time and part-time employees, as well as temporary employees. All employers must provide coverage, regardless of the size of their business or the number of employees they have.
What Does Workers’ Compensation Insurance Cover?
Workers’ compensation insurance in New Hampshire covers a variety of costs related to workplace injuries and illnesses. This includes medical expenses, such as doctor’s visits, hospital stays, prescription drugs, and rehabilitation. It also covers lost wages, which can help replace the income an employee lost while they were unable to work due to their injury or illness. In addition, workers’ compensation insurance can help cover the costs of medical devices, such as crutches or wheelchairs, that an employee may need as a result of their injury or illness.
What Are the Benefits of Workers’ Compensation Insurance for Employers?
Workers’ compensation insurance can be a great benefit for employers, as it can help protect them financially in the event of a workplace injury or illness. Without this coverage, employers may be responsible for covering the full cost of an employee’s medical expenses or lost wages, which can be very costly. Furthermore, providing workers’ compensation insurance can help employers maintain a safe and healthy workplace, as it encourages employees to report workplace injuries and illnesses.
What Are the Benefits of Workers’ Compensation Insurance for Employees?
For employees, workers’ compensation insurance can provide peace of mind in the event of a workplace injury or illness. Without this coverage, an employee would have to bear the full cost of their medical expenses and lost wages out of pocket. In addition, workers’ compensation insurance helps ensure that any workplace-related injuries or illnesses are properly documented, which can make it easier for an employee to receive compensation if they need to file a lawsuit against their employer.
How Do I File a Workers’ Compensation Claim in New Hampshire?
If you are injured or become ill while on the job in New Hampshire, you will need to file a workers’ compensation claim in order to receive benefits. To do this, you will need to contact your employer and inform them of the incident. Your employer will then file a claim with their workers’ compensation insurance carrier, who will review the claim and determine whether or not you are eligible for benefits. Once your claim is approved, you will be able to receive benefits to help cover medical expenses or lost wages from the incident.
What Are the Penalties for Not Providing Workers’ Compensation Insurance in New Hampshire?
Under New Hampshire law, employers who do not provide workers’ compensation insurance coverage for their employees can face serious penalties. These penalties can include fines, criminal charges, and even jail time in some cases. Furthermore, employers who do not provide workers’ compensation insurance can be held liable for any medical expenses or lost wages an employee incurs due to a workplace injury or illness.
Conclusion
Workers’ compensation insurance is an important part of any business in New Hampshire. Not only does it help protect employers financially, but it also helps ensure that employees are protected if they are injured or become ill while on the job. By understanding the requirements for workers’ compensation insurance in New Hampshire, employers and employees alike can rest assured that they are covered in the event of a workplace incident.
