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Louisiana Workers Compensation Insurance with Canal HR

cropped view of man filling in Workers Compensation Accident Injury Concept

When it comes to Louisiana workers’ compensation insurance, you have to be on top of it. Everyone, both big and small businesses, are legally required to make sure their workplaces are safe for those that work there. But even when employers do everything right – promoting workplace safety through training, actively enforcing it, and more – accidents can happen. Louisiana workers’ compensation insurance is required in every workplace in the Bayou State. But when you’re choosing coverage, how do you know what matters? 

Choosing Louisiana Workers’ Compensations Insurance 

Medical

Many workers will have their medical insurance plan for non-work-related injuries or illnesses. However, a good workers’ comp plan can provide additional coverage, which builds upon the existing medical program and helps employees pay for any medical expenses procured exclusively from work-related injuries. Those expenses can cost thousands without the additional coverage, with services including hospital visits, surgeries, and possibly short or long-term medicinal prescriptions. Having this extra safety net allows workers to focus on getting better rather than the cost and shows that their employers genuinely care about them, leading to better and longer-lasting relationships.

Ongoing Care

Sometimes medical care takes longer than anyone wants, be it active ongoing treatments like physical therapy or the passive, occasional meeting with their primary care physician to make sure everything is on track. Workers’ comp considers long-term medical expenses, ensuring no relapse or complications with the injury they sustained on the job. Having ongoing care will also allow you and your employee to avoid a possible second workers’ comp claim should there be deterioration due to the injury caused by not having enough follow-up.

Lost Wages

Ideally, your employee will be fully recovered and back on the job reasonably quickly if there’s an accident at work. However, occasionally time is part of the necessary treatment for a full recovery. A good Louisiana workers’ compensation plan will allow you to provide lost wages to your employee without cutting into your business’s revenue.

Funeral Care

Workers’ compensation may provide funeral expenses if the employee passes away due to a work-related disaster. Some plans can also offer additional benefits and compensation to the beneficiaries to help ease the aftershock of losing a loved one.

Choosing a PEO to Handle Insurance

Canal HR is a PEO, meaning we take care of non-revenue generating needs like risk management, human resources support, payroll tax, and of course, Louisiana workers’ compensation insurance plans. There are significant advantages to working alongside a PEO, especially for small businesses that may not have the breadth of human resources expertise or the systems required for functions like payroll or processing claims. While we handle those needs, you can focus on growing your business.

In such a tumultuous time for employees and employers, having someone to help handle the responsibilities of running a business can be a game-changer. Our experts and workers’ comp administrators maintain a safe work environment and provide risk management services. At Canal HR, this includes but is not limited to: 

  • Investigating fraud
  • Risk management safety inspections
  • OSHA logs maintenance 
  • Safety training
  • Processing and handling workers’ compensation claims and hearings
  • Obtaining and negotiating Louisiana workers’ compensation insurance coverage
  • Abolishing workers’ compensation down payments
  • Coordinating return to work programs.

Canal HR has the buying power to negotiate rates lower than a single business efficiently can on its own and those low costs to you and your business. We don’t just believe that working with Canal HR can save you money on Louisiana workers’ compensation insurance; we know it. 

Learn More About Louisiana Workers’ Compensation Insurance Today

Different versions of workers’ compensation have been around for over a hundred years, and workers’ comp isn’t just good for employees – they also protect employers. Without workers’ compensation insurance, employees or their families could sue businesses for injury or even death, which could be financially devastating to your company and expose you to a criminal investigation. 

Not only does having workers’ comp ensure your safety, but it’s the law. Refusing to comply with the state’s workers’ comp laws can cause owners to be prosecuted, fined, or even imprisoned. When you’re running a business, you want to limit any possibility of complicated legal problems, and getting the right Louisiana workers’ compensation insurance is an essential step in stopping issues before they exist. 

 Workers’ compensation claims are overall down, and we work hard to keep them that way. We’re proud to offer free safety tips through our blog, but nothing compares to having in-person, regular support as we all adjust to the new normal. 

To learn more about your Louisiana workers’ compensation insurance options or learn about how long a workers comp claim can stay open, reach out to Canal HR today!