Getting injured on the job certainly makes for a bad day. Even though you may know you’re covered by your employer’s workers’ compensation insurance, you may be confused as to what to do first. On-the-job injuries can sure be chaotic, and not following guidelines can get your claim denied. Here’s how to get the benefits…
How Workers’ Compensation Settlements Work
Getting injured at work may mean that you have a long-term or permanent disability. Workers’ compensation insurance covers this possibility by paying a portion of your lost wages while you can’t work. However, you may be offered a workers’ compensation settlement if the injury is expected to last for an extended period. This settlement is…
Tennessee Workers Comp: Laws, Providers, & Costs
Tennessee companies that have five or more employees generally are required to maintain workers’ compensation insurance for their employees. A couple of notable exceptions are those in the construction or coal industries that have at least one employee. The average cost of a Tennessee workers’ compensation insurance policy is 81 cents per $100 of payroll…
Connecticut Workers’ Compensation: Laws, Providers, & Costs
Connecticut state law requires all business owners with employees to carry workers’ compensation insurance in the event a worker is hurt on the job. The program is the exclusive remedy for injured workers in the state so that employees can’t sue their employers for additional benefits. Connecticut workers’ compensation insurance costs approximately $1.10 per $100…
What You Need to Know About Federal Workers’ Compensation
Workers’ compensation is a state-run program. However, federal employees are excluded because they are insured through the Federal Employees Compensation Act (FECA). This act provides workers’ comp for federal employees who are injured while on the job so that they may receive the benefits of workers’ compensation insurance. The Federal Workers’ Compensation Act In the…
Navigating the Workers’ Compensation Claims Process
Getting injured on the job can be scary for all involved. At least with workers’ compensation insurance, employees and employers know that the cost of care will be covered and that employees will get disability payments to offset their lost wages. But to make sure employees get all benefits, it’s important to know the workers’…
Workers’ Compensation Eligibility
To receive workers’ compensation insurance benefits, employees must meet eligibility requirements. These requirements include the worker’s employment status, the business owner’s workers’ comp requirements, the nature of the injury or illness, and the employee’s cooperation with filing deadlines. Meeting workers’ compensation eligibility requirements helps minimize the chance of a claim being denied. 1. The Worker…
Massachusetts Workers’ Comp: Laws, Providers & Costs
Massachusetts workers’ compensation laws require any company with even one part-time employee to maintain coverage. This includes business owners when they’re considered employees. Massachusetts employers can expect to pay on average approximately 73 cents per $100 in payroll for workers’ compensation insurance. If you’re unsure where to start with a workers’ compensation insurance policy, you…
SC Workers’ Compensation Insurance: Laws, Providers & Costs
Employers with four or more employees are required to carry workers’ compensation insurance in the state of South Carolina. Workers’ comp protects employees who get injured or ill from activities or circumstances related to work. The most recent data shows that employers can expect to pay an average of $1.66 per $100 of payroll in…
What Are Workers’ Compensation Benefits?
Every state, with the exception of Texas, requires employers to have workers’ compensation insurance. Having coverage protects business owners from financial losses due to their employees’ work-related injuries or illnesses, plus it limits an employee’s ability to sue for damage. However, the actual workers’ compensation benefits go to employees who might not know exactly what…
5 Best Food Truck Insurance Companies
Insuring a food truck is a complicated business. Not only do you need to work with a company that knows the industry’s quirks, but you also want one that can identify and cover your particular risks. That can mean going to a brokerage that specializes in food truck insurance, working with a carrier with years…
What Is a Workers’ Compensation Dividend Plan?
A workers’ compensation dividend plan, also known as a workers’ comp participating plan, is a policy that allows employers to take part in the profits earned by their insurers. At their core, dividend plans reward employers for having fewer claims. Many employers choose dividend plans to save on their workers’ compensation insurance. How Workers’ Compensation…