WORKERS COMPENSATION

Rather than a benefit, workers' compensation is a legally mandated right of the worker. Businesses who meet certain requirements must provide workers' compensation for all employees of the business. There are fines and other forms of punishment for businesses (and owners) that have not provided coverage as required by law.

Workers' compensation is purchased from several possible sources: Private companies, State Funds, Insurance Pools, Self Insurance Programs. Workers' compensation laws and regulations are made by each state and are regulated by state officials. Workers' compensation by itself loses money for most carriers, so some carriers may require a business to purchase other coverages in addition to workers' compensation before voluntary workers' compensation coverage is offered by the carrier.

Workers' Compensation programs and laws, formerly known as Workman's Compensation, exist in all U.S. states to protect employees who are injured while on the job. Most employees who are injured on the job have an absolute right to medical care for that injury, and in many cases monetary payments to compensate for resulting temporary or permanent disabilities.

Workers’ compensation laws rely on a "no fault" rule that provides benefits regardless of who is responsible for a workplace injury. There are exceptions, however, for employees who hurt themselves due to reckless behavior or drug or alcohol abuse. In addition, employees who cause self-inflicted injuries or injure themselves while off-duty or while engaged in a criminal act usually do not qualify for benefits.

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