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Answered 2008-09-21 19:42:34

Yes. A company may offer a credit if you decline insurance as long as you have other coverage. If you dont have other coverage you can't opt out of insurance if offered by your company

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Employers are required to carry Wormen's Compensation Insurance on their employees. If your employer did not insure you, or does not have the insurance, they are in violation of your state's labor laws. You will have to bring suit against them to recover your expenses.


Employers are generally required to carry Workers Compensation Insurance. If an employee is injured in the course of employment, Workers compensation pays medical costs and the like and the worker is prevented from suing the employer because of the injury.


A. Employee compensation denotes the perks which an employee gets in return for the service they offer to their employer. Employee compensation is usually one of the biggest expenses for any organization. More than 90% of the working population in the United States are composed of employees earning compensation from their employers. There are several kinds of compensation paid to employees. Know in detail about Employee Compensation Solutions. The following some instances of the compensation received by employees – · Cash compensation including wages · Retirement plans (employer contributions) · Employer-paid health insurance · Life insurance · Paid leave for vacation and sick days · Disability insurance


In Georgia Workers' Compensation insurance falls under the Workers' Compensation Act which defines the responsibility of the employer to provide prompt medical and disability benefits for injuries sustained on the job by workers. This is insurance that the employer, certain employers, are required to have. This insurance covers the employees who have injuries that result in partial or total incapacity or death. In return, the employer is shielded from tort liability for these injuries. In other words, an employee should receive income and medical benefits and the employer generally can't be sued for the injury. If you have been injured, contact your LOCAL Workers' Compensation Attorney.


Employer's liability insurance is generally offered as a component of a worker's compensation policy. You should always check with your employer since all employer's have different policies regarding the matter.


Compensation may include one, some or all of these: * Hourly pay or salary from Employer * Tips from Customers * Food * Formal Training * Employer-paid or subsidized Health Insurance * Employer-paid or subsidized Life Insurance * Employer-paid or subsidized Disability Insurance * Other Employer-paid or subsidized Benefits * Vacation * Sick days and may include other types of compensation.


In general, "Compensation" is the monetary exchange you receive for the work you do, or services rendered, while "Benefits" are non-financial forms of payment you receive for the work you do. An example of a benefit is an employer-sponsored health insurance coverage.


A insurance provided by employers for injured employees. There is a provision in Texas law whereby an employer may elect not to purchase workmens' comp insurance. About 33% of Texas employers do not have WC insurance.


Your employer is part of a "pool" of all state employers who pay mandatory payments into the state compensation fund.



Employers and employees must contribute to workman's compensation. It's repaid in the event of an accident which prevents you from working. It's not really a tax. There is no tax rate for workers compensation benefits. It is paid directly through the employer but the wages are not taxable.


Small employer have limited resources, financial power, and some barely survive. Forcing them to spend additional expenditure on health insurance to their employees means to drive them out of business.


Not all temp agencies carry workmen's compensation insurance. If you get hurt on the job, the actual employer is responsible.


Some part time employers do offer insurance benefits,it is up to the individual employer.


Florida employers with four (4) or more employees, whether full- or part-time, must provide workers’ compensation insurance to their employees. If the employer is in the construction industry and employs one or more employees, worker’s compensation insurance is required. Florida farmers with five or more employees and twelve or more additional seasonal employees must also carry coverage.


In Workers' compensation insurance, the employer pays premium for workers employed in his factory. In case of any fatal injury or in the event of death of any worker, the Insurance Company compensate the loss on the basis of proof of eventuality produced by the employer. Especially workmen employed in hazardous job like mining, this insurance is very much beneficial.


In Georgia, Workers' Compensation benefits on an accepted claim cover INCOME and MEDICAL benefits. Those are covered by the WC insurance company. The availablity of other employer offered benefits depends on the employer.


Employers' Liability and Workers' Compensation are both insurance policies. In an EL policy, the fault lies on the employer, such as negligence on the part of the company. In a WC policy, coverage exists irrespective of who was at fault.


Workers Compensation is necessary because an employee who is injured at his / her job can collect medical benefits, salary & scheduled bodily injury compensation while he / she is hurt without having to sue his / her employer first and prove negligence in order to get compensated. Workers Compensation is meant to be insurance to help the employee while injured until he / she is able to return to work. Without this insurance, employees would have to sue their employers (with money they don't have) and win before getting compensated. This form of 'no-fault' insurance for injured employees was supposed be an 'exclusive remedy' between employee and employer. Unfortunately, attorneys have intervened in the process and added extra costs and problems to the system.


Workers compensation insurance is supplied by an employer and can only be used when a person is injured on a job. The employer will file all the paper work and the employee usually doesn't have to do anything.


Depending on the state and size of employer, there are situations when employers can change or stop the insurance benefits they offer to employees.


No, you are not owed any money for skipping the employer's health plan. Some employers do this, but others do not. The employer is not required to pay you the cost of the health insurance, if you do not take it.


Yes, the insurance is kept but you must pay the full amount your employer paid. If not Cobra insurance will be offered at a very expensive rate.


The employer, the insurance company, your state board of insurance and your state's workers' compensation bureau are all good to contact about Work Comp insurance fraud.


None. The employer does not have to pay the half of the Social Security Tax or Medicare Tax that they would if you were an employee. The normally also get out of paying Unemployment Taxes, Retirement Benefits, Medical Insurance, and General Liability and Worker's Compensation Insurance Premiums. The IRS is really cracking down on employers who try to call their employees subcontractors.



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