There is no simple way to calculate how much employers pay for workers’ compensation insurance. Many different factors go into this calculation, and the amount you can expect to collect if you were injured on the job can vary dramatically.
A workers compensation lawyer from our firm can explain what you can reasonably expect to collect based on the severity of your injuries and answer any questions you might have.
Available Benefits for Workers’ Compensation Claims
There are many different types of benefits that could be available through a successful workers’ compensation claim. These benefits will depend on how your injury is rated and how likely you are to return to work in the future.
Medical Care for Healing a Work Injury
You are entitled to medical care following a workplace injury or illness. The insurance company pays these bills directly so that you do not have to worry about affording treatment. Note that a requirement for receiving this coverage is attending your appointments and following the doctor’s orders.
Your medical care should be covered for as long as it takes you to reach maximum medical improvement (MMI) from your injuries. This process could take several weeks or months. If you are dealing with permanent injuries or conditions, you could be entitled to benefits for the rest of your life.
For many workers hurt on the job, replacing the wages they missed out on due to their injury is the most important benefit of workers’ compensation coverage. Those that are likely to recover and rejoin the workforce can qualify for temporary disability benefits.
There are two types of temporary disability benefits: partial and total. A partial disability allows you to perform some aspects of your job but not all. For example, workers who can only do light duty or work part-time could recover these benefits.
Temporary total disability involves a condition so severe you cannot work at all for a period of time. These benefits are available until you are able to return to the workforce or it is clear your injuries are permanent.
Permanent disability benefits are similar to temporary benefits. Just like with temporary disability, a permanent disability could be total or partial. These weekly payments can also last forever, as they apply for conditions that will never fully heal. A partial permanent disability could allow a worker to maintain some light labor in the future. However, a permanent total disability will prevent that person from ever working again.
Workers’ Compensation Also Provides Death Benefits
If an injury or illness is so severe it results in the death of a worker, their surviving relatives could be entitled to death benefits. These include burial expenses as well as survival benefits.
For a free legal consultation, call (312) 598-0739
Understanding the Size of Workers’ Compensation Awards
How much an employer pays in workers’ compensation is driven by the expenses related to each workplace injury. To understand what this insurance coverage might pay out, it is helpful to consider how much these claims generally request.
According to the National Safety Council (NSC), the average workers’ compensation claim totals more than $41,000. Because this is an average value, some claims result in substantially more benefits. For example, work-related motor vehicle accidents that result in a workers’ compensation claim often cost nearly double the average.
Workers’ compensation insurance works like any other form of liability coverage. Insurance companies hope to collect a large number of premiums from companies each month and ultimately pay out less than that amount every month in claims. For that reason, it is not unusual for insurance companies to aggressively fight paying out on high-dollar claims. This is true even though the workers’ compensation system is intended to be no-fault.
Exemptions from Workers’ Compensation Coverage
There are a small number of exceptions where a business might not be required to provide workers’ compensation coverage. The most common example involves independent contracts. Unlike employees, employers often do not have to provide coverage for independent contractors. However, there is an important exception. Employers must carry coverage for independent contractors in dangerous industries, like construction work.
There are also exceptions for certain business owners and executives. Some companies might be exempt from workers’ compensation coverage requirements. This depends on the type of business, though. Under these circumstances, a business will not pay any workers’ compensation benefits to an injured employee. In this case, these individuals have the option to pursue a civil lawsuit to recover their losses.
Talk to an Attorney About Your Workers’ Compensation Claim
The amount your employer pays for workers’ compensation coverage will largely depend on the severity of your injuries and your needs moving forward.
The attorneys at the Kryder Law Group, LLC understand how to build winning workers’ compensation claims. We have successfully taken on insurance companies and employers and won. If you are ready to pursue a claim for your workplace injury, call (312) 223-1700 for a free consultation.