what is the employer's advantage in offering workers' compensation course hero

by Mr. Jonatan Jacobs 7 min read

For employers, offering workers’ compensation programs to their employees has many advantages. The primary benefit includes avoiding legal issues that can come with heavy financial costs due to any fines that may occur. At the same time, it provides coverage for employees who may be impacted by a serious accident on the job.

Full Answer

It protects your employees

In the event that an employee suffers from a serious illness or accident due to an event that occurs at work, workers’ compensation can cover expensive medical costs related to surgeries, prescription medicine, ongoing care, and more.

It protects your business from legal problems

If a business doesn’t provide workers’ compensation insurance for their employees, it is possible that employees or their families may sue after a severe workplace injury or even death.

It is legally required by most states

For business owners who are on the fence when it comes to offering workers’ compensation, one of the most compelling reasons for its purchase is its legal necessity. For those who don’t comply with this law governing most states, prosecution, legal fines, and even imprisonments are a possibility.

What does it mean when an organization's employees want a union?

A certain organization's employees want a union to represent their rights, a request that has been approved by the employer. All the employees live in the employees' quarters in the building adjacent to the place of work. In order for a union to be established, solicitation must be carried out by these employees.

What is an employer obliged to provide?

An employer is obliged to provide a work environment that is free from recognized hazards.

Do learner professionals need to be paid minimum wage?

Learned professionals need not be paid minimum wage.

Do managers have to pay minimum wage?

Managerial employees are not subject to minimum wage requirements.

Can a worker sue his employer for workers compensation?

A worker who receives workers' compensation cannot sue his employer.

What are the benefits of workers compensation?

There are many benefits to workers’ compensation that allow a worker to put their focus on recovering after their injury. In the past workers that were injured on the job had little legal protection or recourse when they sustained injuries on the job.

What happens if your workers compensation insurance denies your claim?

If your workers’ compensation insurance carrier denies your claim, you may have the right to pursue a third party instead. Once your claim is approved, workers compensation will have a two-fold effect.

What happens if you die at work?

If your loved one was killed at work, you may be entitled to death benefits on behalf of the deceased. Death benefits can pay funeral costs, and they can help you support your family after the horrific event. Workers’ compensation is a wonderful tool that employees have at their disposal when they are injured at work.

Do you need workers compensation insurance?

The majority of businesses are required to carry workers’ compensation insurance in order to operate their company. Therefore, most employees are covered in the case of an accident, illness or occupational disease. If you are injured on the job or while you are performing your duties, your injury should be covered regardless of who caused the accident.

Can you file a third party claim for workers compensation?

In some cases, the cause of your injury might have been a third party such as a sub-contractor or a manufacturer of faulty or defective equipment. When this happens you may be able to file a workers’ compensation claim and a third-party claim. If your workers’ compensation insurance carrier denies your claim, you may have the right to pursue a third party instead.

Can you sue your employer if you accept workers compensation?

If you accept workers’ compensation, your employer is exempt from future lawsuits. That is the stipulation regarding workers’ compensation, if you do accept workers’ compensation benefits; you waive your right to sue your employer.

Coverage & Administration

When you work with us, you’ll benefit from the pooled buying power that allows us to offer workers’ compensation policy that is affordable and protects your business and employees can cover client employees.

Claims Management

Navigating workers’ compensation claims is confusing and time consuming for business owners. Our dedicated claims specialists at Employer Advantage will monitor all aspects of your claim from beginning to end while keeping in contact with you, your employees and your insurance carrier.