Workers Compensation is a form of insurance that almost all employers with one or more employees must carry. It provides no-fault benefits to workers injured on the job. Workers compensation law in every state contains an exclusive remedy provision that stipulates that the benefits prescribed in the act are the sole remedy against the employer for covered injuries sustained on the job. The employee receives medical, disability rehabilitation, and death benefits in exchange for waiving the right to sue their employee.
Medical benefits are payments for the medical treatment of an injured employee. These benefits account for more than half of the total workers compensation benefit payments in the United States. Most states provide for unlimited medical benefits in terms of both dollar amounts and duration. In the few states that put a limit on medical benefits, these benefits may be exceeded upon the authorization of the state’s workers compensation administrator.
Disability benefits compensate a worker for their loss of income or earning capacity that is a result of a work related injury. The amount of weekly benefit received by a disabled worker is a percentage of the workers wage. That percentage is determined by the class of disability the worker is placed into. There are four classes of disability and they are: Continue reading.....