Introduction
Texas is one of the few states that employers can skip to Worker's Compensation insurance coverage. Most of the small employers that I encounter are naked on this very important protection for their business. They do not realize that they are an employee of injury from the loss of their entire investment.
How to Protect Worker's Compensation works?
Insurance is about shifting risk. A Worker's Compensation policy moves the risk ofwork-related injury or illness of an employee of you, the entrepreneur, to the insurance company. Since Comp Work on statue (State Law) is based, it is very comprehensive protection. In the unlikely event that a lawsuit trying to bypass the statue, a Worker's Compensation policy is coordinated with the employers' liability insurance. The price may be high, but the protection of your investment by businesses is excellent.
A further protection for the entrepreneur is to protect against fraud. There isa high incident of fraud in the claims of labor violations. Most insurance companies who have to handle this type of contract fraud investigators ferret, which is made false allegations.
The trade-off to the detriment of workers in the contract will be paying for their medical bills, rehabilitation expenses and lost wages for legitimate work injury or illness. Their rate of compensation from the state statue.
What are the risks of being on Work Comp Naked?
Work CompStatue strips absolutely no legal protection from an employer decides that from this report. You can not claim any of the common law defenses such as drunk on duty or irresponsible behavior by the employee. Their ability to legally protect, and save your company's assets from a lawsuit after a serious injury, employees will be zero. Your company has an unlimited liability for the damage to all employees of the medical bills and potentially lost income for life. Many lawyers make a good lifeAction against unsafe operators. Check the phone book for a list.
Real Stories
Here are some real events that have happened have to clarify my clients to the employee risk of injury to:
1. One evening in the restaurant, a movement happening in the parking lot. As an assistant coach ran out to investigate, she was nearly run over by a car speeds into the parking lot.
2. An armed robbery occurs in a different restaurant. As two of the employees of the FlightPremise that both of them stumble and fall. One is pregnant and the two are injured. Fortunately, the injuries were moderate and there were no injuries to the child.
3. A driver who slips on a rainy day, while leaving the cab and injuries of the hip. Fortunately, the hip was injured and not broken. The medical bill was about. $ 10,000 plus lost wages for two months. The driver never returned to his job to leave the business short-handed.
4. Driving to a construction site in San Antonio, an employee of another rear endsAuto prevents fast in heavy traffic. The company car was, but the staff is in order.
5. The driver of a big truck is drinking vodka and while driving in a drunken rage tried to RAM in a passing vehicle. The truck missed the other car and impact of a tree with his head. The car is destroyed. Surprisingly, the driver's minor injuries.
All five of these incidents could result in a legal dispute companies for workers' injuries had resulted. The fact that no one has done, is aWonder.
An injury away from disaster or Safe? - In Texas, you have the choice
I have a few of my customers tell me that the cost would be for the compensation of employees so that they compete --- Either (they) win bids or buy work comp had a job (but) lost due to price bids. This is a real dilemma, especially in the contractor market. It is an uneven playing field.
I still have the mantra of protecting the things I risk a "business voice."Winning many offers you will not save your company before you lose the case and its large settlement after the award of a hard worker is injured in your employment. It is a decision to shift the risk of employee injury or illness. I tell the security of insurance.
