Workers Compensation
State Laws

What is workmen's comp insurance?

Top Answer
User Avatar
Wiki User
Answered 2007-05-23 14:34:36

Workers' Compensation Insurance is mandatory for all employers to carry and pay for in all states. (Exceptions for self-insured employers are made; this is another whole topic). Employees are NEVER required to pay any part of the premium for this coverage. It is the EMPLOYER that is 'covered' and the purpose is to protect employers from damages awarded in lawsuits that could conceivably put them out of business. Most workers' compensation laws, in each state, went into effect in the early 1800's, during the industrial revolution, when employees were suffering serious injuries and either 1.) receiving NO compensation at all, or 2.) being awarded compensation via the court systems which generally crippled the employers, thereby eliminating jobs and income for entire companies. States realized that provisions needed to be made that would protect the injured workers and their families, but enable employers to continue operating and providing employment and income. Each state has a department, bureau, commission, etc., that regulates the laws pertaining to workers' compensation. Each state also has a 'state fund', which will provide insurance coverage to employers, for a premium. Forty-eight of the states also have competition with private insurers; three states have 'exclusive funds', meaning only the 'state fund' provides WC coverage: Ohio, Washington, and West Virginia. This means that employers MUST purchase their coverage from the state fund or be self-insured. (They must, of course, show due diligence, showing themselves financially able to be self-insured.)

User Avatar

Your Answer

Still Have Questions?

Related Questions

What is workmens comp?

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.

Are self employed owners who have no employees required to have workmens comp insurance?

You are allowed up to three employees before you have to do workman's comp.

How do i detrmine what my workmens comp case pay out should be?

my lawyer said to me the workmens comp ins comp. said to give them a number for my pay out. how do i do this? i live in cali

Is workers comp nc only for medical or does it cover vehicle damages?

Answer is No workmens comp is only applicable to injuries sustained while on the job, damages to a vehicle are not part of workmens comp.

What is the criteria to be able to buy workmens comp ins?

AnswerFederal law developed the work comp system and every state has a unique form of it. If you have a single employee, then you need work comp insurance. No matter the state. If the employee becomes injured, if you don't have work comp insurance they can sue your company and you personally for not carrying the work comp insurance.You can be a sole P, INC, LLC, or partnership and get work comp insurance. You can even get work comp insurance for yourself as an owner.Check with a local insurance broker to make sure you are following your states law.

Do you receive a 1099 form for. workman's comp.?

no I didn't get a form for workmens comp

Do i need to file income taxes Workmens comp did not send you a1099?

Do i need to file income taxes ,workmens comp did not send me a 1099? I did not file last year 2007 because i asked workmens comp. for a 1099 they did not send ...so i assumed i did not need to file. Can i file both years?

Self employed workmans comp?

I am self employed in Ohio. Am I required to have workmens comp on myself.

How long after you are hurt on job do you have to report it?

In general, it should be reported when it happens so that the employers workmens comp insurance can know that you didn't receive the injury at home.

Can your job fire you if you are on workmens comp?

No they can't, if it has only to do with being on WC.

Can you collect unemployment if you were on workmens compensation?

NO, if you are out with work comp you get paid thru them.

Do you have to pay medical insurance whill off on workmens comp?

Even though you're out of work due to a worker's comp case, your premiums for your medical insurance still need to be paid. Just keep in mind that your medical insurance pays for medical illness and isn't related to worker's comp. Your employer may be willing to help you pay the premiums until you get back to work.

What kind of insurance do you need for a window cleaning business?

General Liability and Workmens Comp with policy rangong from 1000000 to 2000000 depending what type of windows residential or commercial.

Can you still receive workmens comp after quiting?

It depends on the policy of your employer...I believe.

Where can I get more info on getting a workmens comp lawyer.?

You can find lawyers in the phone book that specialise in workmens comp cases.Also there are lawyer refferal offices.Can check with Better business buero to see if any complaints on lawyer.

Can you get fired while on workmens comp?

Yes you can be fired will on workman's comp. Going on disability or WCI does not pardon you from any terminable offenses.

If your employer does not carry Workmens Comp can you get your own individual policy?

In most states the employer MUST carry Workmens Comp. It's the law. Check with your local wage and hour or whatever it's called in your state. Workmens Comp protects employees while on the job and pays for the medical costs when an accident occurs while at work. On the other hand, if you're talking about health insurance, employers are not required to carry medical policies for employees but many employers do because it is a good way to keep valuable employees from seeking other employment.

Can you work another job while on workmens comp?

No you can not, and you can get in a lot of trouble for doing so.

Can a person collect workmens comp and do work on the side?

yes, but if you get caught, you will lose the workman comp payments In other words, you can't do it legally.

Is employee responsible for paying workmens comp?

no, unless you owe them for a fraudulent claim you received funds from.

What type of insurance does Workmens sell?

Workmens sells an Insurance that covers the policy holder for injuries or medical conditions caused by their employment which leads them to be unable to work. It provides a salary.

Is workmens comp responsible for the 20 percent your insurance does not pay on doctors bills and prescriptions?

If you are talking about the med you get for workers comp pain they do pay the 100% (do not use your ins.)... (doctors visits as well) 100% If you have been injured on the job, Worker's Compensation is responsible for the WHOLE thing. It is not responsible for the 20% copay for your health insurance. It is illegal for you to file a work related claim on your personal insurance. Such claims must be covered by work comp per the Worker's Compensation Act. If your health insurance finds out, they can demand repayment.

Do family members in California need workers comp insurance?

Workers comp insurance has nothing to do with family members. Workers comp insurance is an insurance policy that your employer will have on if in case you get hurt at work.

If fica was deducted am i entittled to workmens comp?

FICA has nothing to do with workers' comp. FICA are the deductions for Social Security (Federal Insurance Contributions Act) and Medicare. State law usually requires workers' comp for businesses over a certain size. It covers work-related medical expenses. So you have to find out if your employer is required to have insurance, and if the harm you suffered is work-related. In other words, consult a WC lawyer.

What will happen if you leave the state while on workmens comp in California?

Contact the adjuster handling your case, they will surely know.

Still have questions?

Trending Questions
How to Make Money Online? Asked By Wiki User
Best foods for weight loss? Asked By Wiki User
Does Neil Robertson wear a wig? Asked By Wiki User
Previously Viewed
Unanswered Questions