Business owners need to keep themselves educated on workers' compensation laws

Employees are what make business possible for companies across all industries. Without workers, daily operations would be difficult for just managers or organization owners to complete.

It is important for business leaders to keep this in mind when trying to put together a complete business plan. Workers want to be able to rest assured that when they are employed by a company that their present and futures are taken care of. This is where workers' compensation comes into play.

Depending on the location of an organization, the specifics of such insurance policies can differ. Partnering with commercial insurance specialists can help owners find coverage that meets state standards and keeps employees confident that their employers are willing to invest in them. 

The website PoltiFact examined Sacramento Bee editorial that attacked Texas' workers' compensation policies.

"Texas is the only state that does not require all employers to obtain workers' compensation coverage," the article said. "Experts we consulted agreed this is the reason why Texas consistently ranks last and well behind other states in the proportion of workers covered."

However, there are some exceptions. For example, according to National Federation of Independent Business, when it comes to government construction contracts workers can file compensation claims. This is a right that employees usually give up in workers' compensation agreements if they feel that they have a genuine case and employers are refusing to pay monetary benefits.

Amy Lee, an expert on workers' compensation at the Texas Department of Insurance, said in an email to the news source that the 2012 estimate is that 19 percent of private Texas employees did not have (workers' compensation) coverage. 

It is not uncommon for laws to vary from state-to-state. However, business owners who want to avoid possible legal ramifications should ensure that they are educated on the requirements for their location.




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