One of the most common questions people ask regarding workers’ compensation is “who actually pays for it?” The answer is a bit complex. Every state differs on how they handle the payment for workers’ compensation. However, Todd R. Durham believes that you, the client, should be well informed on the entire process. Here are the basics about workers’ compensation and how it is funded.
Who Pays For It?
Generally speaking, employers of the state pay for workers’ compensation. If you are receiving benefits, it may not be directly from your employer, but rather the state. In most states, workers’ compensation is like a state-run insurance. Employers pay premiums and when there is an injury that prevents them from working, the insurance company pays out to the injured party.
How Do I Know My Employer Has Workers’ Compensation Insurance?
Many times, workers can ask their company if they have worker’s compensation insurance through a state-run program. This is typically through the state’s department of labor and at times administered through a third-party. Your employer may also have purchased workers’ compensation insurance through a private company. If you are unsure how your employer pays for worker’s compensation insurance, or to whom they pay it to, ask your human resources department. Note that in Texas, most private employers are not required to carry workers’ compensation insurance.
What Is Covered Under Workers’ Compensation?
If you have discovered that your employer has workers’ compensation insurance, you may be wondering what exactly is covered. If you were injured on the job, medical bills and some lost wages would be paid to you. It also covers burial and death benefits if you were killed on the job.
Workers’ compensation is a complex area of the law. If you were injured while on the job, you need to speak to an attorney. Call Todd R. Durham today for legal help. Dial (214) 222-4000 to schedule your initial consultation.