DK&V Insurance Agency

Worker's Compensation

In all but four States1, Workers Compensation is state mandated to all employers that have at least one employees2.

Workers Comp provides financial benefits to workers that are injured or disabled during the course of their employment, while protecting employers from litigation as employees on the program essentially give up their right to sue their employer.3

1 North Dakota, Ohio, Washington, Wyoming are the only states that do not require workers compensation

2 Some situations may arise where Worker's Comp will be required without any employees,.

3 May exclude the possibility of a tort of negligence being issued by employees.

Workers’ Compensation Comments:

  • If you hire sub-contractors, be sure that they have a workers' comp. policy as well, even if they do not have any employees.  If they do not, and have an accident on your job site, you may become legally responsible to cover their workers' comp. claim.
  • Legally, there is no penalty for reporting a workplace injury to an employer, however it is estimated that up to 60% of workers’ comp. claims occur on a Monday.  Supplemental Insurance may be able to assist you with a possible reduction in claims, saving the employer money.
  • While reporting to your employer of work space injury has no penalty, accepting workers’ compensation payments are susceptible to insurance fraud.
  • Workers’ compensation should not be confused with other types of insurance, such as disability or unemployment income; Workers’ comp only pays workers to whom are injured while on the job.