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Workers Compensation Insurance: What To Know

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When workers are injured at work, workers’ compensation insurance shields businesses from legal responsibility. In most places, having workers’ compensation insurance is required by law, and failing to carry it could result in penalties for the business. 

Workers who are harmed or killed as a result of a work-related disease or accident are provided with medical, disability, survivor, burial, and rehabilitation benefits.

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Companies are legally obligated to carry workers’ compensation insurance as soon as they start employees. Therefore, regardless of a business or staff size, an enterprise must have workers’ compensation insurance in most states. 

Workers’ compensation rules are governed at the state level in the United States. Although state regulations are sometimes comparable, there may be significant variations in specific cases depending on the scenario.

READ MORE: The U.S FTC and Tech Giant Amazon’s Legal Battle to Continue

“If an employer’s late reporting of a claim delays the payment of an injured worker’s benefits, the state of Florida can penalize the business. Each state has an agency to manage its individual workers’ compensation programs. Those agencies generally have a wealth of information available to employers to assist them in ensuring they are compliant with the necessary workers’ compensation requirements,”,” says Kevin Hess, partner management-side labor and employment law firm Fisher Phillips. “

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