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Work InjuryWorkers compensation may be viewed as an inconvenient or confusing topic for many employers, but it doesn't have to be. There are several misconceptions or myths about compensation practices or guidelines that have circulated. Before you go about planning the compensation program for your business, take this information into consideration. 

  1. Workers compensation is required by law (in most states), and the statutes are determined by the state. This being the case, depending on the state your business is located in, options may vary between private insurers and state-wide compensation programs.

  2. While full-time employees are generally required to be covered in most states, part-time employees and contractors may be exempt. The degree of coverage also varies from state to state. Some cases may require employees to be compensated for time lost, others may not.

  3. Workers compensation is in place not only to protect your employees, but also to protect the employer. While yes, it pays for the employees' unforeseen health costs resulting from an on-site injury, it also shields a company from being sued for the expenses covered by their policy. The program should therefore be looked at as a sort of insurance investment as well as a program to benefit your workers.

  4. Suspicion of fraud should be reported immediately. No one wants to admit that your employees might be capable of doing such a thing, but it does happen. Workers compensation fraud not only hurts you, but your employees as well. Contact your provider if you suspect foul-play.

  5. There is a possibility of reducing your workers compensation costs, depending on your inherent risks and safety records. If your company is classified appropriately, ask if additional workplace safety measures might reduce your premiums.

Are you protected? Call Porter-Brandenburg Agency at (972) 234-5588 for more information on Dallas workers compensation insurance.

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