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Published on March 30th, 2016 | by Personal Rights


How Well Do You Understand Workers Comp? The Important Facts

Workers comp attorneys

Did you know that, on average, Americans lose eight days of work every year due to occupational injuries? If you?ve been hurt on your job, you may be wondering what your rights are. The truth is, employers almost always have insurance to cover injuries — they would just prefer to pay out as infrequently as possible so that their rates don?t go up. If their negligence caused your injury, though, you?re justified in asking for compensation for wages lost, the costs associated with your medical treatment, etc.

According to the Bureau of Labor Statistics, workers compensation adds up to about 1.6% of employer spending as a whole. If you?re considering hiring a worker compensation lawyer, what should you know? Here are a few important facts.

Once You Accept Workers Comp, You are Letting Go of the Chance to Sue

If you file for a workers compensation claim, one important thing you need to understand is that, by accepting money from the company in the form of compensation, you are giving up your right to hire a worker compensation lawyer and file a lawsuit against them for this injury. So if your company wants to settle fast, be wary: they may just be trying to avoid paying for what ends up being an expensive healthcare bill down the road.

Companies Have Return to Work Programs

In most cases of workers comp, companies will allow employees to return to work in a different capacity if their injury prevents them from fulfilling the roles of their former job. This accomplishes two goals. By reducing lost wages, the company has to pay out less in claims — reducing the cost of their insurance premium. It also helps companies reduce their costs when it comes to disability benefits, since they are at least getting 40 productive hours out of the employees. It?s worth noting that if an employee is out for longer than a year, there is only a 25% chance they will return to work again according to the Bureau of Labor.

Workers Compensation Covers More Than Just Medical Bills

Many people misunderstand exactly how compensation works, so to be clear, it can cover hospitalization, yes — but it will also cover a percentage of an employee?s pre-injury salary, vocational rehabilitation if needed, and help with transitional returns to work and the costs associated with that. Workers compensation attorneys can advise you on the specific amount you’re entitled to.

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