Illinois leads the nation in the number of insurance companies that write workers' compensation insurance
policies because these profit-driven insurance companies continue to operate without any real oversight.
To stress the importance of compliance with workers' compensation statutes for employers, make sure you, as the agent, know exactly what penalties and punishments are implemented in the state where you sell workers' compensation insurance
and all the states in which your clients do business.
Most employers want the best medical care for their injured employees, and presumably rely upon workers' compensation insurance
to ensure this occurs.
I want to emphasize that the Workers' Compensation Insurance
(Defense Base Act) clause at FAR 52.228-3 should be included in all DoD service contracts to be performed (either entirely or in part) outside of the United States, as well as in all supply contracts that also require the performance of employee services overseas.
There are no penalties for employers who choose not to maintain workers' compensation insurance
, although they lose some common-law defenses if sued by an employee for a work-related injury or illness.
Client companies also enjoy reduced volatility in unemployment and workers' compensation insurance
The cost of injuries has been reduced through immediate attention and by using the company's "self-insurance" policy, rather than workers' compensation insurance
, for lesser injuries.
Titles sold include: Smart's Insurance Bulletin, a newsletter published 50 times a year that covers legislative and regulatory developments affecting the California property and casualty insurance industry; Smart's California Workers' Comp Bulletin, a newsletter that covers California's workers' compensation insurance
(Federal law changed in 1995 to allow federal filing only once a year with income taxes.) Social Security tax must be paid, and some states take the decision for workers' compensation insurance
out of your hands by mandating the coverage.
What's more, a successful plant safety program is readily apparent on the bottom line through lower workers' compensation insurance
premiums and fewer lost workdays, say loss-control experts.
Sick Building Syndrome claims made by employees should - of course - be covered by workers' compensation insurance
. Sick Building Syndrome claims by workers are sometimes brought at the urging of their unions.
The financial department's tax and treasury group purchased workers' compensation insurance
and tracked the financial consequences of comp cases.