5 Things to Know About Workers’ Compensation
Many of you believe that you know almost everything about workers’ compensation. It is a type of fund that is used to compensate an employee who is unable to work due to some physical injury.
This compensation is for the work missed over any statutory waiting period and any medical bills will also be covered. There are several other unknown parts to a workers’ compensation that you should know about.
More about Workers’ Compensation
Here are some more things you should know about workers’ compensation.
- An employee is eligible to receive workers’ compensation even if he suffers from an illness or injury while on duty. Such injuries may include a twisted ankle, a fall or a slip, strains or sprains from lifting heavy objects, and accidents with pieces of machinery. Even a traveling employee, whose employment involves traveling in order to perform service, will get workers’ compensation during illnesses and injuries. It is very important for an employee to report such injuries on time to their company insurance carrier in order to avoid any type of penalty.
- Employees will also be compensated for any lost medical bills and wages under this compensation. If an employee is unable to work, he will receive a part of his income. There are benefits for temporary wage loss during healing period provided to an employee. Temporary total disability or temporary partial disability are provided to help an employee during his recovery period from an injury.
- Employees cannot seek legal help to sue his employer during any work-related illness or injury while on the job. It is good for you to note that worker’s compensation is basically a trade-off for employers and their employees. An employee will receive medical benefits and wage replacement and thus, cannot sue his employer. However, an employee can sue his employer during any reckless action from the latter or during any intentional action to harm or hurt the employee.
- Every employer does not have workers’ compensation. This is entirely dependent upon the state laws. There are several factors that come into play such as type of business and number of employees. There are some states that do not provide workers’ compensation for seasonal help, volunteers or farmers. Nonetheless, it is important for any business to check their state’s law in order to understand whether they are supposed to purchase workers’ compensation or not.
- Some of the highly common worker’s compensation claims include falls or slips, overexertion, machinery-related accidents, and struck by an object while on duty. It is very simple for an employer to reduce the risks involved in any work-related illnesses and injuries by coming up with proper safety requirements and also providing proper training on safety courses. There are some employers who hire risk managers to assess the workplace environments on a regular basis to ensure proper safety of the employees. Employers will never want their employees to get hurt, whether minutely or severely, while on duty. However, accidents do happen in spite of all possible safety measures.
You can find out How to Hire A Workers Compensation Attorney here as well as many other business-related issues.