Workers compensation insurance pays the cost of rehabilitation, medical care, and lost wages for an employee’s work-related injury or illness. Workers compensation systems and procedures vary by state.
According to the Insurance Information Institute, laborers, truck drivers, janitors and cleaners, and nursing assistants are some of the Private Industry Occupations with the highest number of illnesses and injuries. For instance, in the year 2016, the number of laborers who experienced the similar problems was about 63, 790.
The commencement of Workers’ Compensation Laws
Before the introduction of workers’ compensation laws, most American workers faced several employment-related hazards. Many worked in fire-prone offices, dusty mines, or dirty factories. In fact, some were killed while others suffered serious injuries while on the job.
Back then, if an employee has an insurance while working, he or she could not have a compensation. A seriously injured employee can only have compensation after suing his or her employer. Before, it was rare to see an employee sue an employer. This is simply because lawsuits were expensive and most employees did not have the required funds in the past.
The Grand Bargain
Workers’ compensation laws are commonly called as Grand Bargain between employers and workers. The law requires employers to offer benefits to employees injured while working through their worker’s compensation insurer. It is important for employers to fulfill these requirements.Otherwise,their employees may sue them.
Workers’ compensation insurance is usually seen as the sole remedy for the workers injured while at the working place. If you want to get the right amount of compensation from your employer, you might want to consider hiring a workers compensation lawyer from a personal injury firm such as Rutter Mills.
Laws That Cover Most Workers
Workers’ compensation laws cover many workers. However, not every work can receive coverage under these laws. Most states exclude people like maritime workers. This is simply because federal workers’ compensation program insures these kinds of people.Some states exclude agricultural employees, independent contractors, and domestic workers as well.
There are also states that exclude employees like real estate agents, professional athletes, and ordained priests. If you like to know more about these rules and states, consider the nearest experienced attorney. Consulting your insurance agent can also be helpful.
The good thing about worker’s compensation laws is that the employee can still receive his/her pay regardless of the fault. In other words, workers can get compensation for job-related accidents even if it occurred because of their negligence or carelessness of their co-workers.
Benefits Offered in a Worker’s Compensation Insurance
Benefits may vary from different insurance companies. Here are some of the most common benefits offered in a typical worker’s compensation insurance:
- Medical Coverage
This includes medical expenses for physician fees, medications, physical therapies, hospital and nursing care, and medical equipment.
It offers vocation training for employees who will need to change their occupation as a result of an injury.
It provides partial settlement of the rewards lost because of either permanent or temporary disability.
Workers Compensation Policy
Employees can buy worker’s compensation insurance from those who specialize in this area. Most of the policies sold by different worker’s compensation insurers are usually on a standard form. This is because they are all developed by the National Council on Compensation Insurance.
Worker’s compensation insurance is significant for both the employees and employers. It helps workers function more confidently at work, knowing that they are covered by insurance in case a work-related accident happens.