When my husband I decided to start a business, we didn't think about the legal aspects of doing so. We didn't realize that purchasing business insurance, getting building permits and making investments all required some type of legal advice. But after speaking to a close friend, who also happens to own a small business, we contacted a business attorney. Now, we have the legal smarts to make the best decisions for our business, as well as the legal representation in case something happens to our company. I hope that you find my blog helpful and informative for your own business. It's a great resource for finding the legal advice, resources and guidance you need to get your company up and running.
Workers compensation law is an important area of the law that allows injured employees to receive compensation for their injuries, both physical and psychological. The aim of these laws is to provide a safety net for workers in case they suffer an injury at work or work-related activity.
1. Employers Are Required To Carry Workers Compensation Insurance
One thing you need to know about workers compensation law is that employers should carry workers compensation insurance in order to cover claims made by injured employees. This insurance not only provides coverage for medical expenses, lost wages, rehabilitation costs, and other damages suffered by the employee, but it also helps protect employers from being sued by the injured employee. Employers should also keep records of all workplace accidents as they can be used as evidence to support a workers compensation claim.
2. Different Types of Coverage Available For Workers Compensation Claims
When filing a workers compensation claim, there are various types of coverage available depending on the type and severity of the injury suffered. Common categories include medical expenses, disability benefits, death benefits, vocational rehabilitation services, and other damages. It is important to understand what type of coverage your particular situation requires in order to properly file a successful workers compensation claim.
3. Employees Must Provide Notice of Injury to Employer Immediately
In most cases, employees must provide notice to their employer immediately regarding any workplace injuries or disorders in order to be eligible for workers compensation benefits. If notice is not given within certain time limits outlined by state law, the injured employee could lose their right to receive compensation.
4. Injured Employees Have The Right To Choose Their Own Medical Care Provider
Injured employees have the right to choose their own medical care provider when filing a workers compensation claim. It is important to select a medical professional who is knowledgeable and experienced in treating workplace injuries and disorders as this will greatly increase your chances of receiving the full amount of benefits you are entitled to under workers compensation law.
5. Workers Compensation Benefits Are Not Taxable
Another thing you need to know about workers compensation law is that these benefits are not taxable and do not require any repayment from the employee or employer once they have been approved for payment by the state's insurance program. This means that any benefits received by the injured employee are not counted when determining their taxable income.
Workers compensation law is an important area of the law that provides a safety net for employees in case they suffer an injury at work or due to a work-related activity. Understanding these laws and knowing what type of coverage you need to file a successful claim can ensure that you receive the maximum amount of compensation available to you under the law.
To learn more about this, contact a workers compensation law firm today.