WORKERS' COMPENSATION

Protect your employees. Protect your business.

A safer, more productive workplace

Workers Compensation in the Fort Lauderdale, FL area

Workers’ Compensation is more than just a legal requirement – it’s an investment in making your business a safer, more productive workplace. In principle, the Workers’ Comp payouts will cover medical bills, care costs and a portion of any lost wages. It also provides death benefits to dependents of employees killed from a work-related accident. Workers’ compensation systems are different in every state, as individual statutes and court decisions have shaped the way they handle claims, evaluate impairments, settle disputes, provide benefits and control costs.

How did Workers Compensation begin?

During the 19th century, the number of individuals joining the workforce grew exponentially. As a result, the number of workplace accidents grew as well. At that time, the only way that injured workers could obtain compensation for their injuries was to sue the employer. Many legislative proposals emerged early in the 20th century, focusing on compensating injured workers for their medical care and lost wages.

By 1949, all states had a system in place to provide compensation for injured employees. Under these systems, the employer was responsible for providing compensation for the cost of medical care and wages lost, and consequently, the employee gave up his or her right to sue the employer for injuries. Currently, Texas is the only state where workers’ compensation is not mandated for all employers.

How are Workers Compensation Claims paid?

As part of the Workers Compensation coverage, the injured worker’s medical, rehabilitation, and lost wages are paid for by the insurance carrier. If the injury leaves the employee disabled, the insurance carrier will pay the claim based on the extent of the injuries and based on its permanence. The disability will fall into one of the following categories: temporary total, temporary partial, permanent partial, or permanent total disability.

How much does Workers Compensation cost?

Your Workers Compensation premium calculation is directly related to the risks associated with your specific operation, your company’s payroll, and your company’s loss history (claims). A Tree Care company’s rate will be significantly higher than a Retail Store’s rate. This is due to the higher likelihood of employee injury. Additionally, your company’s prior claims are reviewed and compared to similar companies. A factor called your Experience Modifier is created to penalize or reward you by increasing or decreasing your premium.

How do I control Workers Compensation Costs?

The key to spending fewer dollars is creating a safety program designed to comply with the Occupational Safety and Health Administration (OSHA) standards. There are steps that any business can take to create a well rounded safety program that produces a safe work environment.

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A safer, more productive workplace

Workers Compensation in the Fort Lauderdale, FL area

Workers’ Compensation is more than just a legal requirement – it’s an investment in making your business a safer, more productive workplace. In principle, the Workers’ Comp payouts will cover medical bills, care costs and a portion of any lost wages. It also provides death benefits to dependents of employees killed from a work-related accident. Workers’ compensation systems are different in every state, as individual statutes and court decisions have shaped the way they handle claims, evaluate impairments, settle disputes, provide benefits and control costs.

How did Workers Compensation begin?

During the 19th century, the number of individuals joining the workforce grew exponentially. As a result, the number of workplace accidents grew as well. At that time, the only way that injured workers could obtain compensation for their injuries was to sue the employer. Many legistaltive proposals emerged early in the 20th century, focusing on compensating injured workers for their medical care and lost wages.

By 1949, all states had a system in place to provide compensation for injured employees. Under these systems, the employer was responsible for providing compensation for the cost of medical care and wages lost, and consequently, the employee gave up his or her right to sue the employer for injuries. Currently, Texas is the only state where workers’ compensation is not mandated for all employers.

How are Workers Compensation claims paid?

As part of the Workers Compensation coverage, the injured worker’s medical, rehabilitation, and lost wages are paid for by the insurance carrier. If the injury leaves the employee disabled, the insurance carrier will pay the claim based on the extent of the injuries and based on its permanence. The disability will fall into one of the following categories: temporary total, temporary partial, permanent partial, or permanent total disability.

How much does Workers Compensation cost?

Your Workers Compensation premium calculation is directly related to the risks associated with your specific operation, your company’s payroll, and your company’s loss history (claims). A Tree Care company’s rate will be significantly higher than a Retail Store’s rate. This is due to the higher likelihood of employee injury. Additionally, your company’s prior claims are reviewed and compared to similar companies. A factor called your Experience Modifier is created to penalize or reward you by increasing or decreasing your premium.

How do I control Workers Compensation Costs?

The key to spending fewer dollars is creating a safety program designed to comply with the Occupational Safety and Health Administration (OSHA) standards. There are steps that any business can take to create a well rounded safety program that produces a safe work environment.