Worker’s Compensation Insurance- have you ever wondered about it? What does it cover? Do you
need it? Is it mandatory?
Worker’s compensation insurance provides coverage for treatment of an injury or illness which occurred
while working. This coverage may cover related expenses such as hospitalization, physician office visits,
and even lost wages. If you are working as an independent contractor, which is our ITA tribe, then
worker’s compensation insurance is not required, but may be a good idea. Consider these questions to
determine if it is right for you:
1. What would I do if injured while providing therapy services, and the injury was significant
enough to impair your ability to work for some time?
a. What could my out-of-pocket expenses be through my health coverage, considering
deductible amount and co-pays?
b. Do I have adequate savings and/or disability insurance cost to cover lost wages if unable
If those questions shake your confidence about your financial security in the event of a work-related
injury, then maybe the cost of worker’s compensation insurance makes sense. So how much is it?
There are several factors which determine cost of coverage, including state, type of industry and prior
claims history, but according to insureon.com, the average cost for a physical therapist per year is about
$660-. You can compare costs through insureon.com so you can make an informed decision (scroll to
the bottom of the page).
Now, you are in the know!