Workplace injuries are a common emergency situation many people find themselves in, even if you’re living a nomadic remote working lifestyle. It’s estimated that roughly 374 million non-fatal injuries and illnesses occur in the workplace every year. These can result in expensive medical bills, disability, and the inability to work. If you have a family, your priority is to look after them, but this can prove stressful, especially if you’re no longer earning a fixed income.
Luckily, there are many things you can do! Here’s a rundown of some of the most helpful tips so that you don’t have to worry about finances while you’re recovering from your injury.
Apply For Worker’s Compensation
In Australia, you can apply for worker’s compensation if you’re injured at work. According to the Worksafe website, an injury is defined as a personal injury that arises out of, or in the course of, employment if the employment is a significant factor to the injury.
You’ll be covered for things such as lost wages, hospital expenses, and rehabilitation treatments to help you get back on your feet.
What If You Can’t Go Back To Work?
It might happen that you’re not able to return to work, such as if you lost your arm and won’t be able to do your work without it. You could find yourself without a job, and your worker’s compensation will eventually run out. This is a stressful prospect, but it doesn’t have to make you feel helpless. There are still things you can do.
A) Contact Your Insurance Company
Does your insurance policy state that your bills would be covered if you were injured and unable to work, or that your income would be replaced? Check it out! For instance, Income Protection will replace some of your income if you can’t work. According to MoneySmart.gov.au, there are different Income Protection policies that offer benefits, but you’re likely to get cover for up to 75 percent of your gross income for a maximum time period stipulated, such as two or more years.
If you’re disabled after the accident, Total And Permanent Disability (TPD) insurance can cover various costs related to your disability, such as rehabilitation costs as well as debt repayments or the cost of living. Insurance policies can therefore be a huge help after a work-related injury.
B) Consult With An Attorney
According to attorneys Tait and Hall, anyone who’s experienced a personal injury can gain justice for it. An attorney can help you in various ways, such as if your insurance claim is denied or your employer isn’t communicating with you during this stressful time. Sadly, some employers try to get out of taking responsibility for injuries or illnesses that occur to their employees at work, which is why it’s essential to get a professional who can help you navigate this scary and foreign territory.
C) Consult With Your Employer
If you could still do some aspects of your job in spite of your disability or illness, speak to your employer about your employment options. For instance, if your job requires you to write or do accounting work, you could do this anywhere as long as you have a laptop and internet connection. These jobs enable you to work remotely, which is especially beneficial if you can’t drive anymore due to your injury. Working from home would ensure you continue to earn an income in spite of your illness or injury.
When you get injured or ill due to work, it can be devastating and lead to a great deal of financial stress. By gaining control of your finances and achieving some financial support, you can help yourself and your family through this trying time.