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Worker's Compensation insurance

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Worker's Compensation is a system designed to provide benefits to employees who are injured or become ill due to their work. It typically includes coverage for medical expenses, lost wages, rehabilitation, and, in some cases, permanent disability benefits.

It Typically Provides Coverage For Parties Listed On The Policy Are Insured Against Damages Or Losses Caused By Hazards Such As Fires, Storms, Hail, Lightning, High Winds, Vandalism, Contamination, Explosions And Collisions.

Do you have specific questions about Workers Compensation insurance or need help finding the right coverage?

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How does Workers Compensation work?

This insurance is mandated by Nevada and aims to protect both employees and employers. Employees receive coverage for work-related injuries without having to prove fault, while employers are generally protected from direct lawsuits by employees for those injuries. Employers pay for workers’ compensation insurance, and the benefits are provided to employees who suffer work-related injuries or illnesses, regardless of fault.

Workers’ compensation is a no-fault insurance program in the State of Nevada, which provides benefits to employees who are injured on the job and protection to employers who have provided coverage at the time of injury.

Employers should provide a safe workplace, provide safe tools, give warnings of dangers, provide adequate co-worker assistance (fit, trained, suitable “fellow servants”) so that the worker is not overburdened, and promulgate and enforce safe work rules.

Nevada Law Is exclusive Remedy

Because Nevada has “exclusive remedy,” the injured workers’ benefits are set forth in the statutes. Employers who provide coverage for their employees at the time of injury are protected from any additional damages claimed by their employees as a result of an injury on the job. This protection is established when the injured employee opts to receive workers’ compensation benefits.

The exclusive remedy provision Nevada that workers compensation is the sole remedy available to injured workers, thus preventing employees from also making tort liability claims against their employers.

 

How are Workers Comp premiums Calculated?

Your workers compensation carrier should only be charging your company for premium on no more than $36,000 on payroll for EACH individual employee. If an employee makes less than the $36,000 cap, then their true payroll should be reported. The application of this regulation means that your company needs to report only the first $36,000 of “payroll” for each individual employee in your company to the workers compensation carrier. When you fill out your audit each year, keep this in mind.

Workers Compensation has 3 Sections

Section 1 is for the employer to provide via the workers compensation insurance policy medical benefits to injured employees.

Section 2 is for the family members of the injured employee.

Section 3 is all states coverage.

EACH POLICY IS AUDITED EVERY YEAR

Your workers compensation Insurance policy is audited each and every year by the majority of insurance companies. A workers comp audit is an annual review of records at the request of an insurance company. It may be done by phone, mail, or in person depending on the assigned Auditor. Work comp audits determine if the payroll and class codes quoted at inception accurately reflect the actual payroll and scope of work performed during the policy period.

Audits also ensure that sub-contractors had their own coverage in place. If not, you may be charged for payments to uninsured sub-contractors on your policy on your audit. When you use subcontractors, make sure you have proof of coverage from each subcontractor so you do not have to provide the coverage for those subcontractors. The auditor will request the certificate of insurance document to verify.

Employer Protections

Statutory No-Fault Compensation

Workers’ compensation statutes are intended to eliminate the need for litigation and the limitations of common law remedies by having employees give up the potential for pain-and-suffering-related awards, in exchange for not being required to prove tort (legal fault) on the part of their employer. The laws provide employees with monetary awards to cover loss of wages directly related to the accident as well as to compensate for permanent physical impairments and medical expenses.

Some laws also protect employers and fellow workers by limiting the amount an injured employee can recover from an employer and by eliminating the liability of co-workers in most accidents. US state statutes establish this framework for most employment. US federal statutes are limited to federal employees or to workers employed in some significant aspect of interstate commerce.

Loss of consortium

The laws also provide benefits for dependents of those workers who are killed in work-related accidents or illnesses. Loss of consortium is the loss of companionship, comfort, sexual relations or the ability to bear children. It’s any kind of emotional or relationship loss that occurs because of the accident.

Interesting workers compensation claims

The titanic

The musicians on the ill-fated Titanic were hired as independent contractors (because the shipping line was unwilling to pay union rates). As such, their families didn’t receive any of the usual next-of-kin benefits.

“Bonds of the RMS Titanic – A Workers Comp Tragedy” AMAXX Worker’s Comp Resource Center

Crockpot Workers Comp Claim

Worker’s comp benefits were awarded to a newly hired Arkansas truck driver who, after being awoken by his trainer, stepped in a crockpot of boiling water.

“USA Trucks, Inc. vs Jarrell, 2016″ Court of Appeals, Arkansas”

crockpot-workers-compensation-claim

Largest workers' Comp Claim

“You Won’t Believe How Much the Highest Workers’ Comp Settlement Was”. Law Technology Today

One of the largest workers’ comp settlement payments ever awarded was for $10 Million to an employee who suffered a life-altering brain injury in an auto/tree collision while driving home from work in the early hours of the morning. It was deemed a workers’ comp case because she had been at work for a special project outside of normal hours. workers compensation insurance

SCATS - SAFETY CONSULTATION AND TRAINING SECTION

SAFETY IN THE WORKPLACE, IT IS EVERYBODY’S BUSINESS

 This is intended as a general description of certain types of insurance and services available to qualified customers. Any description of policy provisions is meant to give a broad overview of coverages and does not revise or amend a policy. Refer to the policy coverage form for a complete representation of the scope of coverage, terms, conditions, exclusions and more. The policy is the contract that specifically and fully describes your coverage. Some products may not be available in all states and may only be offered on a non admitted basis. Product availability is subject to change.

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