Regardless of the kind of work you do, you will agree that injuries at the workplace are inevitable. Unfortunately, some people get hurt at the workplace and fail to make their claims. That is the worst that should happen to any employee. Sometimes understanding how much does workers comp cost in Texas can go a long way in ensuring that no one takes advantage of you.
The cost of workers’ compensation in Texas is calculated based on the risks that come with the employee’s roles and the payroll. Notably, the average cost of worker’s compensation is 55 cents per $ 100 of payroll. However, many factors may influence the overall cost. Here is the formula for getting the cost.
Premium = (Payroll / $100) x experience modification rate (EMR) x classification code rate
If you want to get your workers comp claim, you need to understand more than just the cost. Besides, information is power, and when you are well-informed, you minimize the chances of making costly mistakes.
How Does Workers’ Compensation Work?
Although employees will always try to be careful not to get hurt while working, the truth is that accidents happen. Injured employees across Texas should access medical attention for their injuries and have a portion of their salaries after being injured while working through the workers’ comp program. Both the employers and the employees have multiple roles to play during the program.
In other words, employers should take care of the workers’ compensation insurance. On the other hand, the employees need to report the injury as soon as possible to avoid any doubts that might result from delaying the reporting process.
What are the Benefits of Workers Compensation in Texas?
If your employer in Texas has workers comp insurance, you are legible to receive numerous benefits after an injury or illness while working. The benefits were designed to help you get compensation for your lost time, get medical care, and assist you to resume your duties. Some of the Texas workers comp benefits that you need to put at the back of your mind before filing Texas Workers compensation includes;
- Medical Workers’ Compensation benefits
- Temporary income benefits
- Supplemental income benefits
- Total disability lifetime income benefits
- Medical travel expenses
- Vocational rehabilitation
- Death benefits
How do File my Workers’ Compensation Claim in Texas?
When filing a workers’ comp claim in Texas, you have to ensure that you get it right from the word go. Often, employees spend most of their time in courts trying to ensure that they get the justice they deserve because they failed to do everything right from the beginning.
Employees need to report their injury as soon as they get the first opportunity. Timely reporting the incident to the employer ensures that there is enough evidence to prove your point. Also, it facilitates fast processing of the benefits by the employers. If you feel that you cannot handle the entire process on your own for one reason or the other, then it is vital to seek the services of a professional worker’s comp attorney.
