Workers Comp Lawyer
Washington Workers Comp Lawyer
Washington State workers comp coverage protects both Washington workers and employers from the financial impact of a work-related injury or occupational disease.
Industrial insurance pays for an injured worker’s approved medical and medical related services that are necessary to the worker’s treatment and recovery. An injured worker who is temporarily unable to work also receives time loss benefits. Time loss benefits replaces a significant portion of the worker’s wages. With few exceptions, it is mandatory for an employer or prospective employer to provide workers’ comp insurance coverage for their employees and other eligible workers. In return, businesses are immune from employee lawsuits for when a work-related injury or illness occurs. Owners of businesses do not have to have workers comp insurance, but you may want to. If you, as an owner, become injured while you are working you would have the same benefits as any other employee including medical coverage and lost wages. Without a worker comp lawyer you are at risk.
There are two ways to provide coverage to employees. Most employers (about 75%) purchase coverage through the Department of Labor & Industries, who manage all claims and pay benefits out of the Washington State Fund. The fund is financed by premiums paid by employers and employees. The alternate manner is through self-insurance, which is available to companies with at least $25 million in assets, and some governmental entities who demonstrate they have sufficient financial stability, and an effective accident prevention program. The exact premium rates paid by employers depend on the nature of the business and the company’s own history of accident claims.
All insurance premiums are collected and eventually paid as benefits or administrative expenses by the Washington State Fund managed by the Department of Labor and Industries. According to a study by the Joint Audit Review Committee, Washington State is above the 75th percentile among the states in benefits paid and below the 25th percentile in costs charged.