Workers Compensation

Do I need workers compensation insurance?

Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when every reasonable safety measure has been taken.

To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers compensation insurance. Workers compensation insurance covers workers injured on the job, whether they’re hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.

Workers compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.

Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.

Workers compensation insurance must be bought as a separate policy. Although in-home business and businessowners policies (BOPs) are sold as package policies, they don’t include coverage for workers’ injuries.

RSS Insurance Journal

  • Feds Fine North Carolina Restaurant Over Wage, Child Labor Law Violations January 16, 2019
    A North Carolina restaurant has been fined by federal officials who say it violated minimum wage and child labor laws. The U.S. Department of Labor announced in a news release that Max’s Pizza in Surf City was fined $14,287 for …
  • Bhatia Joins California’s Preferred Employers Insurance as Sr. Underwriter January 16, 2019
    San Diego, California-based Preferred Employers Insurance, a Berkley Company, has added workers’ compensation underwriting expert, Minoo Bhatia, as a senior business development underwriter. Bhatia comes to Preferred with over 25 years of workers’ compensation experience having worked in claims, audit, …
  • 4.2 Magnitude Earthquake Hits Oklahoma January 16, 2019
    Officials say there are no reports of damage after a 4.2 magnitude earthquake struck northern Oklahoma on Tuesday morning. The U.S. Geological Survey says the quake was centered near Hayward, or about 50 miles north of Oklahoma City. It had …
  • NetVU’s Ambers Named Chief Growth Officer at AVYST in Dallas January 16, 2019
    AVYST, a provider of sales and risk management produces and services for independent insurance agents and brokers and their carrier partners, announced that Kitty Ambers has joined the insuretech firm in Dallas as chief growth officer. Ambers will be responsible …