January 20, 2019

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The Importance of Workers Compensation

Consumers have their mortgages, their auto insurance and probably some form of homeowner’s insurance. They may have measures in place to protect their important documents and belongings as well as firewalls to protect their computers, all of which they pay close attention to. But not many consumers give that kind of attention to their employers’ workers’ compensation policy. This policy is required by law, ensuring that the workplace is safe and that workers have coverage in the case of an on-the-job injury. 

The fact is, no matter how much effort an organization puts into creating a secure environment, accidents happen. The workers’ compensation policy offers practical ways to ensure the injured worker has access to affordable and effective medical care and any needed rehabilitation. The policy is designed so that there is no undue financial burden and the injured has every chance to collect lost wages.

While the workers compensation package is in place to protect the employee, a business has to consider how the policy also protects the organization. Many states mandate the policy, even if you only have a single employee. Compliance is unavoidable, but this also saves you from being fined, audited or, worse, on the wrong side of a lawsuit. Look at the policy as insurance for safeguarding the precious assets that are your employees. It shows you care for the well-being of each employee that you’re ready to provide for them at the worst of times and you’ll help them get back to work.

Workers’ compensation policies encourage employers to explore and implement safety programs and protocols that keep employees safe. This (along with a good track record demonstrating a safe workplace) can also lower monthly compensation premium payments.

As each State has different requirements, Los Angelenos should take the time to see if their policy is compliant with California’s regulations. Polices can have job classifications which impact coverage. Some employers have inadvertently misclassified employees, creating confusion if the policy has to be implemented. There are also enterprises with polices not in complete compliance with the State.

Unfortunately, as practical and responsible as governing bodies, employers and insurance companies hope to be, the system doesn’t always work. Employees take advantage of the policy. Insurance companies will take too long to reach a settlement. Employees may dismiss claims based on investigations that imply they are not at fault. This can create a challenging situation for everyone. In California, a Los Angeles workers comp attorney can help. They have extensive experience with the unique characteristics of the California statutes. From settlement negotiations to the hearing itself, your attorney will see that the policy is followed to the letter of the law.

This article was submitted by Pacific Attorney Group.