Preview

Carry Workers Compensation Insurance

Satisfactory Essays
Open Document
Open Document
404 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Carry Workers Compensation Insurance
Do you own a company of any kind? Are you concerned about what might happen if one of your workers does get injured on the job? Although many companies in the United States are required to hold workers compensation insurance, this isn't always universally true. If your state doesn't require your particular type of company or industry to carry workers compensation insurance, here are some reasons why you should seriously consider doing so anyway:

Save money: Lawsuits are expensive. If one of your workers is injured while on company property, they may be able to sue you for lost wages and repayment of their medical bills. A very large settlement has the potential to bankrupt your company and put you out of business. Carrying a good workers compensation

You May Also Find These Documents Helpful

  • Better Essays

    The river rafting tours will require and other events will require tour and safety guides, and the assistance of lifeguards, which heightens the possibility of employee injuries. The increase of employee risks could require workers’ compensation insurance. Each state has different mandates regarding workers’ compensation. Idaho requires worker’s compensation on all employees regardless of the business size. The employer is required to carry $100 per payroll per employee regardless if the employee is full time or part time. California requires workers’ compensation insurance on all business with more than five employees. It is up to the employer if they have the financial capability of being self-insured or using a third party insurance company. Colorado requires that all public and private employers in Colorado, with limited exceptions, must provide workers ' compensation coverage for their employees if one or more full or part-time persons are employed. Employers can choose from 200 private insurance…

    • 1377 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Holding an employer liable for the actions of an employee may be a more complicated case than a typical personal injury compensation case. To learn more about your right to pursue compensation from an employer, seek legal counsel. An attorney can determine if you have a case and help assemble the evidence necessary to prove…

    • 594 Words
    • 3 Pages
    Better Essays
  • Satisfactory Essays

    The description for Workers Compensation states, there must be an employment relationship, and the injury must be accidental and occur on the job or in the course of employment. Such elucidation referenced before us, signals that Angus is in enforceable right to collect workers…

    • 994 Words
    • 4 Pages
    Satisfactory Essays
  • Better Essays

    The Texas Workers’ Compensation Act allows private employers to choose whether or not to carry workers; compensation insurance coverage, however, Texas employers who carry and who do not carry workers ' compensation insurance coverage are required to comply with certain reporting and notification requirements under the Texas Workers ' Compensation Act ("Understanding the Texas Workers ' Compensation Act,"…

    • 1125 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Personal injury settlement help victims recover financial damages and ensure proper medical treatment. As settlement is done out of court, the process is often faster than courtroom trials and victims receive the compensation when they actually need it.…

    • 409 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Longshore and Harbor Workers' Compensation Act and its extensions, provide medical benefits, compensation for lost wages, and rehabilitation services to employees who are injured during the course of employment or contract an occupational disease related to employment. Survivor benefits also are provided if the work-related injury causes the employee's death.…

    • 1192 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    HIPAA allows patients’ health information to be disclosed under some circumstances, such as 1) to meet law requirements; 2) for reporting of abuse, neglect, and domestic violence; 3) for monitoring of healthcare operations; 4) to be presented as evidence in legal proceedings; 5) for assistance with police investigation; 6) for medical examinations and funerals; 7) for organ donation; 8) for research; 9) to avoid a significant threat to health or safety; 10) for workers’ compensation payments; 11) to execute government…

    • 81 Words
    • 1 Page
    Powerful Essays
  • Better Essays

    Wall, C. L., Morrissey, S. A., & Ogloff, J. P. (2009). The Workers ' Compensation Experience: A Qualitative Exploration of Workers ' Beliefs Regarding the Impact of the Compensation System on Their Recovery and Rehabilitation. International Journal Of Disability Management, 4(2), 19-26. doi:10.1375/jdmr.4.2.19…

    • 1154 Words
    • 4 Pages
    Better Essays
  • Good Essays

    If you have been injured on the job and cannot work, you have likely filed a claim for workers' compensation. If you have been denied this claim, don't panic. There are, however, a few things you should know.…

    • 454 Words
    • 2 Pages
    Good Essays
  • Good Essays

    ENC 1101 ESSAY

    • 962 Words
    • 3 Pages

    On average, the process to a fully rehabilitated sprained ankle is $500 to $650 without insurance through a hospital. That is the potential problem for an uninsured worker in America that could receive a phone call while at work, that their child sprained has their ankle while playing in physical education. No one should ever have to face that fear while at work, health benefits provide reassurance that they are in good hands if anything heartbreaking were to occur. Based off the income of a multi-million company acquires over a standard year there should be enough revenue to provide each and every worker with decent health benefits. While working at Dunkin Donuts®, there were minimal benefits if not any. We worked in very hazardous situations when it came to the slippery, oily floors and the burning hot stove ovens. If injured on the job, you were subject to file a workers comp form. The form was for a company outside of Dunkin Donuts that provided health benefits if only hurt at work so Dunkin Donuts didn’t get in any legal issues. The fact they only provided health benefits only if you were hurt on the job was very disappointing. To provide just a few hundreds in the case of an emergency outside of work would…

    • 962 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Hca 250 Week 7 Assignment

    • 488 Words
    • 2 Pages

    Organizations have to deal with human productivity and economic costs from incidents of workplace violence. For example, employees and customers or clients can be seriously injured or killed. In addition, a loss of productivity generally occurs during the incident because the business may be closed or on reduced hours pending investigation and employees may fear that another incident could occur within days or months. Some employees also may quit as a result of fear of another incident or dissatisfaction with the employer for failing to prevent or properly respond to the incident. Physical injuries or emotional difficulties that result from the violent incident may cause increases in workers' compensation claims.…

    • 488 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The New York State Insurance Fund arrested two Long Island builders and one claimant in separate cases of alleged workers compensation fraud with a potential total of more than $1 million.…

    • 1070 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Falls or other injuries suffered while at work which result in severe bodily damage which leads to lost work days or medical care may also require the help of an attorney. Dog bites, falls in public…

    • 321 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    From what I understood of the reading about the federal workers compensation plans are used so if the employee becomes injured on the job and has to miss work because of their injuries or if they become in contact with a certain kind of disease while they are on the job working. There are four different kinds of programs that are used for the particular type of work the employee is involved in. The first type of program is called the federal employees compensation program this helps give benefits to the employees that work for the federal government. The next program is called the longshore and harbor workers compensation program this is used for the employees that work in the maritime field. It is used in hope to minimize the injuries and…

    • 278 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Affordable Care Act

    • 3695 Words
    • 11 Pages

    For those who receive insurance through their employers, the amount paid out of pocket is capped. Each of these people will also get free preventative care, in order to keep them healthy in the work place. Companies with over 50 employees must insure employees or pay a penalty (effective in 2015). Small businesses are encouraged to buy insurance, but are not forced too, and special marketplaces are set-up for them to buy the insurance and benefit from temporary tax breaks.…

    • 3695 Words
    • 11 Pages
    Powerful Essays