Workers' Compensation

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Workers' Compensation

Insurance that pays for an employee's medical care in the event that he/she is injured at work. Workers' comp may also provide for lost wages and compensate for disability or reduced earning potential. In exchange for receiving workers' comp, the employee surrenders the right to sue the employer for negligence. Workers' comp is mandatory in many jurisdictions and employee paychecks are reduced by the amount of the premium.
References in periodicals archive ?
The measure also directs the Workers' Compensation Insurance Ratings Bureau to gather annual statistical data for the California roofing industry.
But there are myriad ways you can help in the battle against workers' compensation insurance fraud, including educating your employees about workers' compensation; investigating all injuries immediately; referring (without denying or confirming) any claim you think is suspicious directly to your carrier; using a carrier's materials to educate employees about fraud; and encouraging employees to report suspected fraud.
If used properly, these techniques can be attractive alternatives to soaring workers' compensation insurance costs.
Workers' compensation insurance and services are offered through Employers Compensation Insurance Company and Employers Insurance Company of Nevada.
Price can logically serve as a deciding factor in many restaurant purchases, but when it comes to workers' compensation insurance, a carrier's claims management, financial strength, safety and loss control expertise can bring added value," noted Martin Welch, President and Chief Operating Officer of Employers Compensation Insurance Company and Employers Insurance Company of Nevada, insurance subsidiaries of Employers Holdings, Inc.
State law requires businesses to carry workers' compensation insurance, which covers the cost of medical treatments and disability payments for employees injured on the job.
Workers' compensation insurance carriers track policyholders' loss experience to help determine premiums, as accident frequency can directly affect restaurants' insurance premium pricing.
But a report from the National Association of Insurance Commissioners proves that selling workers' compensation insurance in California has not been profitable for the past seven years.
The discussion also includes workers' compensation insurance brokers such as BB&T Insurance Services Inc.
Temple City resident Leroy Jaramillo, 55, a former County-USC welder, is expected to be arraigned Wednesday on conspiracy and grand theft and on multiple counts of conspiracy to commit workers' compensation insurance fraud, according to the criminal complaint.

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