Workers Compensation Insurance policies Texas
Workers compensation laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.
Workers Compensation Insurance is designed to help companies pay these benefits. As a protection for employees, most states require that employers carry some form of Workers Compensation Insurance. (Although coverage is not mandatory in Texas) Workers Compensation Insurance is not health insurance. Workers Compensation is designed specifically for injuries sustained on the job, or job related illness.
In Texas, Workers Compensation coverage is not required but can be a very good idea, particularly if you have many employees, or if they are engaged 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 every reasonable safety measure has been taken. To help provide financial protection for employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents. Workers compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. It may also cover work-related illnesses.
Workers compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents. Each state has different laws governing the amount and duration of lost income benefits, the provision of medical and rehabilitation services and how the system is administered. For example, in most states there are regulations that cover whether the worker or employer can choose the doctor who treats the injuries and how disputes about benefits are resolved.
Workers compensation insurance must be bought as a separate policy. Although business owner’s policies (BOPs) are sold as package policies, they don't include coverage for workers' injuries. For more information on Workers Compensation Insurance contact, David Kimbrough Insurance Agency at 281-996-7615 or fill out our online form for a online Workers Compensation Insurance Quote Today.
Longshore and Harbor Workers Act. This is a special class of insurance as defined by the U.S. Government. Compensation shall be payable under this Act in respect of disability or death of an employee, but only if the disability or death results from an injury occurring upon the navigable waters of the United States (including any adjoining pier, wharf, dry dock, terminal, building way, marine railway, or other adjoining area customarily used by an employer in loading, unloading, repairing, dismantling, or building a vessel).
This type of coverage must be added to your Worker’s Comp policy if you have employees that meet this definition.
JONES ACT: Provides
coverage to seamen who work aboard ships on U.S. Navigable waters. The law is the Merchant Marine Act of
1920. If you have employees you should
carry this coverage.
OCSLA: OUTER
CONTINENTAL SHELF LANDS ACT provides coverage for injuries arising out of or in
connection with any operations conducted on the outer continental shelf for the
purpose of exploring for, developing, removing or transporting by pipeline the
natural resources or involving rights to the natural resources of the subsoil
and seabed of the outer continental shelf.
This act extends the provisions of the
Optional insurance benefits have additional costs.
Texas Insurance Agency offering Workers Compensation Insurance policies in
Friendswood,
Houston, Pasadena, and League City Texas.