What Is Workmans Compensation Insurance?
Overview Your body is broken due to an on the job injury, and the doctor is indefinite about when you can return to work. The long term disability benefits purchased through your employer dwindle to only a minute percentage of your salary overtime, and your concerns over bills and the future mount. American employers, with few exceptions, are required to purchase worker’s compensation insurance, in addition to employee paid short and long term disability policies, to cover job related injury and illness. More than 192 million U.S. workers are covered, but few know how the system works or precisely what Worker’s Compensation insurance is. Facts 16,000 American workers fall ill or suffer injury every day in the workplace, and 1600 of those workers die annually as a result. The insurance system, originally called Workman’s Compensation, became Worker’s Compensation in the 1970s; the change was part of a government effort to be gender neutral. America was slow to protect workers. It was 19
