Workers' compensation is a legislative imperative placed upon companies as a way of providing workers who are injured or fall ill at work with compensation in various forms. According to the law it does not matter who was at fault when it comes to deciding whether compensation is deserved.
However, because of this no fault basis for liability an employee surrenders the right to sue an employer for work related injuries or illness. Continue reading to find out more about the many workers' compensation benefits available to workers who suffer injuries or fall sick at work.
It is the primary responsibility of a company to sign up for workers' compensation insurance. It is this kind of insurance which will, in the event of an accident, make payments available to injured workers. However, it does occur less often that a company with less than 5 employees will not be expected to have this kind of insurance.
In such a scenario the company itself will be expected to act as its own insurance company and create its own compensatory procedures and remedies, though they must be in line with the law. Once an employee gets injured the claim is instituted with the insuring company or the self insurer. But what sort of workers' compensation benefits actually avail themselves to injured workers?
For workers who are permanently injured and can never work again there will be long term benefits or a lump sum monetary payout. The size of the lump sum payment will vary according to the nature of the injuries sustained and the duration of time during which a worker will not be able to work. Due consideration is always given to the worker's lifestyle and size of family. Therefore your employer ought to either give you workers' compensation benefits to last you an entire lifetime or a lump sum payment.
However, if you become temporarily unable to work your compensation benefits will be different from those of a person who can never work again. Usually workers receive two thirds of their average wage for the period of time they are unemployable. These benefits are actually tax free, meaning you stand to receive as much money as you were probably earning before the accident or illness. Payouts are carried out a few days after you cease to work so that you need not struggle to survive.
There are also medical expenses that are paid for once you become injured or ill. These benefits are available from the very moment you are injured because there is no way you can be expected to pay for such expenses if you endured injuries while making money for someone else.
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