What is Workers Compensation?
Workers’ compensation was created to guarantee some type of payment by an employer if one of its employees is injured on the job. The workers’ compensation laws in Ohio and across the nation are designed to make sure that companies provided a safe environment for their workers, adequate equipment, and reasonable rules and restrictions. The law goes even further to make the company responsible if an employee acts in a negligent manner, if the company acts in a negligent manner, and for extraordinary risks involved in the type of work performed by the workers. In every state across the United States all companies and businesses are required by law to have worker’s compensation insurance. The law requires that if an employee is injured or becomes ill while on the job they will receive medical coverage and some form of wage replacement. The law also prevents employees from suing their employer for the injury or illness they received while on the job. There are strict penalties if your employer does not have workers’ compensation insurance.
Types of Coverage
There are three ways most employers can obtain workers’ compensation insurance. They can use a state’s insurance funds, obtain private insurance, or get workers’ compensation insurance through an insurance pool. An insurance pool requires the employer to set up a special fund just for workers’ compensation claims. Not all states allow insurance pools, but companies that operate in a state that do, could see substantial savings.
Every state has their own laws and statutes regarding workers’ compensation and the laws can vary greatly from state to state. If you’ve been injured in a construction accident or on the job and are having a difficult time getting your employer to pay your workers’ compensation claim, you should talk to a reputable workers compensation attorney in your state who specializes in workers’ compensation.