Workers Compensation Insurance in Texas & New Mexico

Politicians created workers compensation laws to ensure that employees injured on the job receive fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. The laws also help control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.

How Does Workman’s Comp Insurance Work?

Workers Compensation Insurance helps companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workman’s Comp Insurance. Workman’s Comp Insurance is not health insurance. Workers Compensation is designed specifically for employees that sustained injuries on the job.

In most states, if you have employees, you need to carry workers compensation coverage. Even in non-mandatory states, it can be a very good idea. This is especially true if you have many employees, or if they engage in hazardous activities.

Do I Need Workers Compensation Insurance?

Employers have a legal responsibility to their employees to make the workplace safe. However, accidents happen even when you take every reasonable safety measure.

Businesses are required to buy workman's comp insurance in almost every state. Regulations also provide medical care and compensation for lost income to employees hurt in workplace accidents. Workers compensation insurance covers workers injured on the job. This includes personnel hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses.

Workman's comp insurance provides payments to injured workers for lost time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents.

Each State is Different

Each state has different laws governing the amount and duration of lost income benefits. The laws also include the provision of medical and rehabilitation services and how the system is administered. For example, in most states, there are regulations regarding whether the worker or employer can choose the doctor. There are also regulations to govern how companies dispute benefits resolutions.

Do I Need Workers Compensation Separately?

Business owners in El Paso or San Antonio must buy workers compensation insurance as a separate policy. Although the companies sell in-home business and business owners policies (BOPs) as package policies, they don't include coverage for workers' injuries.