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Here’s what workers’ comp covers in Nevada
Need to know exactly what workers’ comp covers in Nevada? We’ve got your back.
The first thing you need to know, though, is that workers’ comp coverage works differently than other insurance products you might be used to. Workers’ comp coverage requirements are set by the State of Nevada and when you purchase a policy you’ll automatically receive the coverage you need to stay legal—no decision-making required. It’s pretty convenient.
That means that everything we’re about to tell you is primarily for your reference—you won’t have to make any decisions about it when you get workers’ comp coverage for your business. (That’s one reason why Huckleberry can deliver a workers’ comp quote so quickly.)
Got it? Great. Let’s get started.
What does Nevada workers’ comp cover?
Broadly speaking, workers’ comp will cover medical bills and lost wages caused by an injury or illness that is work-related. An injured worker might also receive financial support for rehabilitation and job training if the injury has made it impossible for them to continue working in the same line of work. And, if the worst happens, workers’ comp will also provide death benefits. (You should also know that there’s no financial cap to the benefits provided by workers’ comp. For example, a serious injury resulting in a disability might require payments for the rest of a worker’s life. Workers’ comp coverage allows for this.)
For example, if you run a small barbershop and an employee accidentally cuts their hand on a blade, workers’ comp will pay for the cost of the visit to the urgent care facility. Or, if continued exposure to a chemical solvent has resulted in breathing problems for one of your employees, workers’ comp will cover their ongoing medical treatment (as well as job retraining if they need to move to another position because of their illness). It’s pretty straightforward in most cases.
Here are a few examples of workers’ comp benefits:
- Accident benefits: Workers’ comp will cover medical treatment and supplies, generic drugs needed to treat the illness, and any medical equipment the injured employee may need.
- Permanent total disability: This comes into play when an injured employee will never be able to work again. In this case, workers’ comp will provide ongoing medical benefits as well as financial compensation to partially replace the workers’ lost income.
- Temporary total disability: This is when a worker is totally disabled—but temporarily. Workers’ comp will pay for medical care as well as provide financial compensation for wages that were lost while the employee was unable to work. (In this case, full compensation would stop when the employee returned to the job.)
- Permanent partial disability: In this case, an employee is able to return to work but has a partial disability which keeps them from earning the same wage they did before. Workers’ comp will provide benefits to compensate for the permanent physical damage as well as the difference in income.
- Temporary partial disability: This is when an injured employee is able to return to work but has a temporary disability which prevents them from earning the same income. Workers’ comp will cover medical care as well as provide a financial benefit to “close the gap” while the employee is recuperating. When the employee returns to their former job, the financial benefit will cease.
- Rehabilitation: This coverage will pay for any services and training that are needed to help an employee who has permanent restrictions on their ability to work (and if you, as the employer, are unable to accommodate their new restrictions).
- Death benefits: Finally, if a tragedy happens, workers’ comp will pay up to $10,000 in burial costs. Depending on the situation, workers’ comp might also make payments to the spouse or other dependents of the employee.
How much will Nevada workers’ comp pay to replace lost wages?
Great question. Generally, lost wage replacement is equivalent to two-thirds of the employee’s average monthly salary. The actual calculation is based on the last year of working, which means if the employee had earned between $2,000 and $2500 a month for the past year, their reimbursement calculation will be based on a figure that is around $2,250. (So, their reimbursement package for temporary total disability would likely come in at around $1,500 per month.)
Now, there’s actually a maximum an employee can receive. The amount fluctuates from year to year — check with your online small business insurance company — but, as of 2017, the maximum payment in Nevada was $3,697.04.
That’s it on Nevada workers’ comp coverage. Go back to The complete guide to Nevada workers’ comp or Get an instant estimate on workers’ comp coverage.