Providing workers' compensation is not only required by law, it is crucial in avoid the costly and time consuming lawsuits that follow uncompensated and unreported workplace injury. Bambee will make sure you stay compliant with all regulations, so your business is protected from risk.
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What's the Law?
Workers’ compensation is an insurance that provides medical expense coverage or reimbursement for employees who are either injured on the job or become ill as a result of their work. All business owners must pay for workers’ compensation insurance. Each state has its owner workers’ compensation laws.
The Office of Workers’ Compensation Programs (OWCP) has four major compensation programs:
- Wage replacement benefits
- Medical treatment
- Vocational rehabilitation
- Other benefits
Employees are typically eligible for workers’ compensation if:
- They are injured on the job, regardless of whether or not the workplace is non-compliant with OSHA regulations
- They have a preexisting condition exacerbated by their work
- They have an injury or health issue related to workplace stress
Employees are typically not eligible if they are injured as a result of personal negligence.
Am I at Risk?
Common workers' compensation violations include:
- Failure to provide workers’ compensation insurance
- Failure to post appropriate safety signage in an area visible to employees
- Insubstantial safety training that leaves employees vulnerable to injury
- Incomplete or inaccurate incident reporting
- Failure to file wage statement for injured employees
- Failure to deliver payment/benefits to employee within a given the timeframe
- Incorrect compensation amount for injured employee