| Workers Compensation Insurance Another unseen benefit to employees is workers’ compensation or workman’s compensation. It is a requirement for employers to have this insurance to cover any accidents an employee may have while on company time. This benefit to employees partially covers their lost wages while they were injured and pays some of their medical costs. The reason this is “unseen is that this deduction while paid by the employer based on the employee’s position, job, and salary is not reflected on their payroll check. The deduction for this insurance can be made with each payroll period through the payroll company. Additionally, because the purchase of this insurance is through the payroll company, it is easy to report claims. Once you complete the information needed for the claim, the insurance company takes over and keeps you abreast of the status of the claim. Worker’s Compensation claims can be difficult and extremely tricky to understand, this process takes the worry from you and notifies you of any changes in the claim or settlement. |