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Workers Compensation
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Workers Compensation is required by federal law and is regulated by each state. Because of this, rates and rules may differ between states
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- Click on the map to find contact information for your state.
- Call Us Today toll free (877) 460-8080 to see how you can save money on your workers' compensation insurance.
Workers
Compensation Insurance
What is Workers Compensation Insurance?
Workers' compensation is a form of insurance that provides wage replacement and medical benefits for employees who are injured in the course of employment, in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.
The tradeoff between assured, limited coverage and lack of recourse outside the worker compensation system is known as "the compensation bargain." While plans differ between jurisdictions, provision can be made for weekly payments in place of wages, compensation for economic loss, reimbursement or payment of medical and like expenses, and benefits payable to the dependents of workers killed during employment.
General damages for pain and suffering, and punitive damages for employer negligence, are generally not available in worker compensation plans, and negligence is generally not an issue in the case.
PART A WORKERS’ COMPENSATION INSURANCE.
Covers bodily injury to employees in the course of their employment. It covers payment of bodily injury claims in full. It will also pay for time lost from work. If an injury is serious and requires rehabilitation or retraining, it will be provided by this coverage. If the injury is so serious that the employee is disabled, it will pay disability payments. There is no maximum limit of coverage under Part A.
PART B EMPLOYERS’ LIABILITY INSURANCE.
This part provides liability protection for the employer if the employee decides to sue the employer for the bodily injury the employee suffered.
What is Workers Compensation Insurance?
Workers' compensation is a form of insurance that provides wage replacement and medical benefits for employees who are injured in the course of employment, in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.
The tradeoff between assured, limited coverage and lack of recourse outside the worker compensation system is known as "the compensation bargain." While plans differ between jurisdictions, provision can be made for weekly payments in place of wages, compensation for economic loss, reimbursement or payment of medical and like expenses, and benefits payable to the dependents of workers killed during employment.
General damages for pain and suffering, and punitive damages for employer negligence, are generally not available in worker compensation plans, and negligence is generally not an issue in the case.
PART A WORKERS’ COMPENSATION INSURANCE.
Covers bodily injury to employees in the course of their employment. It covers payment of bodily injury claims in full. It will also pay for time lost from work. If an injury is serious and requires rehabilitation or retraining, it will be provided by this coverage. If the injury is so serious that the employee is disabled, it will pay disability payments. There is no maximum limit of coverage under Part A.
PART B EMPLOYERS’ LIABILITY INSURANCE.
This part provides liability protection for the employer if the employee decides to sue the employer for the bodily injury the employee suffered.
The standard limits of liability coverage for Part B are:
BODILY INJURY BY ACCIDENT $500,000 EACH ACCIDENT
BODILY INJURY BY DISEASE $500,000 EACH EMPLOYEE
BODILY INJURY BY DISEASE $500,000 POLICY LIMIT.
However, most insurance companies (and agents / brokers) include all part B limits at $1,000,00
Questions? Call Us toll-free (877) 460-8080
Workers' Compensation Application
This information is designed for general
informational and descriptive purposes only. The
precise wording of each coverage is subject to
specific conditions and endorsements of the actual
policy issued. Always read your policy very
carefully!
