Call Us 800-223-6756 ☰ ˟
Logo
Call Us 800-223-6756
  • Home
  • Business
    • Property & CasualtyImage of right arrow
      • Management LiabilityImage of right arrow
        • Management Liability Quote
      • Builders Risk Quote
      • Commercial AutoImage of right arrow
        • Commercial Auto Quote
      • General LiabilityImage of right arrow
        • General Liability Quote
      • Workers CompensationImage of right arrow
        • Workers Compensation Quote
      • Marine (Ocean & Inland)Image of right arrow
        • Marine Quote (Ocean & Inland)
      • Bonds & SuretyImage of right arrow
        • Bond Request
    • Industry ExpertiseImage of right arrow
      • Family Entertainment CenterImage of right arrow
        • Family Entertainment Quote
      • Indoor Trampoline ParkImage of right arrow
        • Indoor Trampoline Quote
      • HospitalityImage of right arrow
        • Hospitality Quote
      • Real EstateImage of right arrow
        • Real Estate Quote
      • ConstructionImage of right arrow
        • Construction Quote
    • Risk ManagementImage of right arrow
      • Management LiabilityImage of right arrow
        • Management Liability Quote
      • Builders Risk Quote
      • Commercial AutoImage of right arrow
        • Commercial Auto Quote
      • General LiabilityImage of right arrow
        • General Liability Quote
      • Workers CompensationImage of right arrow
        • Workers Compensation Quote
      • Marine (Ocean & Inland)Image of right arrow
        • Marine Quote (Ocean & Inland)
      • Bonds & SuretyImage of right arrow
        • Bond Request
      • Family Fun CenterImage of right arrow
        • Family Fun Center Quote
      • Indoor Trampoline ParkImage of right arrow
        • Indoor Trampoline Park Quote
      • HospitalityImage of right arrow
        • Hospitality Quote
      • Real EstateImage of right arrow
        • Real Estate Quote
      • ConstructionImage of right arrow
        • Construction Quote
  • Personal
    • High Net WorthImage of right arrow
      • High Net Worth Quote
    • AutomobileImage of right arrow
      • Auto Quote
    • HomeownersImage of right arrow
      • Homeowners Quote
    • CondominiumImage of right arrow
      • Condo Quote
    • RentersImage of right arrow
      • Renters Quote
    • WatercraftImage of right arrow
      • Watercraft Quote
    • LifeImage of right arrow
      • Life Quote
  • Resources
    • Secure File Area
    • Refer a Friend
    • Important Links
    • Insurance Glossary
    • Blog
  • About
    • About Us
    • Our Locations
    • Testimonials
    • Privacy Policy
  • Contact
Home > Blog > Workers’ Compensation, Is Your Business Covered?
FRIDAY, APRIL 1, 2016

Workers’ Compensation, Is Your Business Covered?

Workers’ compensation was originally created to assure workers who suffer an on-the-job accident would get necessary medical treatment and receive a percentage of their wages while recovering. However, some saw this as a biased system. If covered by the correct workers’ compensation, employers see many benefits, including having their expenses limited to medical treatment, wage losses, disfigurement, and, when applicable, permanent disability or death benefits and not facing a negligence lawsuit.

With the increase of the freelance economy in the U.S., many employers don’t know what they need to provide in the way of workers’ compensation to their contractors.

Workers’ compensation laws are governed by the individual states rather than the federal government, which means business owners need to research the workers compensation laws in their area by either viewing the state’s website which clearly lists workers compensation rules. They can also seek advice from an insurance agent about the legal obligations.

Many states can carry out an IRS test that determines whether someone working for a company should be deemed as an employee or as an independent contractor. This helps clarify who needs to be looked after under workers’ compensation and who needs to hold their own workers’ compensation.

Bill Feldhaus, retired professor of risk management at Georgia State University’s Robinson College of Business, recommends that business owners ask their contractors for evidence of their own workers compensation insurance.

“It’s very critical that you clarify who is assuming the workers’ compensation obligation if they get hurt on the job…if your company really does not want to take on that obligation, you might spell out in their contract that you’re not assuming state workers’ comp responsibility.”

Workers compensation can be a huge expense that many companies want to avoid. Erik Stenson, founding principal of ABD Insurance & Financial Services, recommends that an employer who doesn’t provide workers compensation should get freelancers to sign a contract that, in the case of an accident, the company is held harmless. Employers should also hire contractors who provide proof of their own workers’ compensation or find contractors through an employment agency that provides workers’ compensation.

This makes sure businesses and employers are prepared and covered for the worst possible situation. Without any prior legal agreement regarding workers compensation, the court often sides with the contractor if he or she sues the business for damages after an accident.

Read More: Source

Posted 4:16 PM

Tags: business, workers compensation, insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011

  • insurance(98)
  • tips(37)
  • home(28)
  • life(24)
  • homeowner(19)
  • auto(17)
  • safety(13)
  • car(10)
  • claims(10)
  • homeowners(9)
  • business(8)
  • holiday(7)
  • wateridge insurance services(7)
  • policy(6)
  • liability(6)
  • house(6)
  • commercial(5)
  • family(5)
  • health(5)
  • cyber security(4)
  • earthquake insurance(4)
  • homeowners insurance(4)
  • rates(4)
  • flood insurance(4)
  • summer(3)
  • trampoline park insurance(3)
  • water damage(3)
  • claim(3)
  • long-term(3)
  • valentine(3)
  • halloween(3)
  • san diego(3)
  • theft(3)
  • money(3)
  • commercial insurance(3)
  • flood(3)
  • independent agent(3)
  • mistakes(3)
  • risk management(3)
  • disability(2)
  • real estate(2)
  • cyber risk(2)
  • millennials(2)
  • business owners policy(2)
  • auto insurance(2)
  • thanksgiving(2)
  • coverage(2)
  • pets(2)
  • wateridge(2)
  • save(2)

View Mobile Version
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Carrier
Home| Get A Quote| Blog| About Us| Contact
10717 Sorrento Valley Rd. | San Diego, CA 92121
Toll Free: 800-223-6756 | Local: 858-452-2200
Social Social Social Social Social
Logo

Powered by Insurance Website Builder