Injured on the Job? The Fundamentals of Workers’ Compensation Claims

Have you suffered a job-related injury? Depending on the nature of your injury, you could be within your rights to file a workers’ compensation claim. If you win your case, your employe will be required to compensate you. However, there are plenty of fundamentals of workers’ compensation that you should be aware of before, during and after filing your claim.

Workers_Compensation_Claim_Prevention_Global_Financial_Blog

Count on Global Financial to be there every step of the way.

What is workers’ compensation?

Not sure what workers’ compensation is exactly? Global Financial is here to clear up any confusion you may have. Workers’ compensation is a form of insurance designed to provide wage replacement and medical benefits to employees injured in the course of employment. Once they’ve provided compensation, however, an employee cannot sue their employer for negligence.

Why is workers’ compensation insurance necessary?

Accidents happen. Even if an employer offers regular on-the-job training,  implements a variety of safety practices and requires extensive certification courses, accidents can still happen. According to the Bureau of Labor Statistics:

There were approximately 2.8 million nonfatal workplace injuries and illnesses reported by private industry employers in 2017, which occurred at a rate of 2.8 cases per 100 full-time equivalent (FTE) workers. (source: Bureau of Labor Statistics)

While some statistics have shown a decrease in nonfatal workplace injuries and illnesses in conjunction with increases in standardized safety practices and in-depth training, the aforementioned numbers show there’s still a lot of work to be done to keep employees safe. This is why workers’ compensation insurance is necessary and also why it’s important that you understand your options if you ever get hurt on the job.

  • You must be an employee. You must be a current employee on payroll at the time of your injury.

  • Your employer must have insurance. Not every employer has workers’ comp insurance. Make sure that filing a claim is even an option by checking on the status of your employer’s insurance.

  • The injury must be a workplace injury. Don’t get caught being dishonest about your injury, you should only file a workers’ comp claim if you were injured while performing a task at work. Most employers will investigate the validity of your claim before considering compensation.

  • You must meet state deadlines. Don’t wait until it’s too late to report your injury or file your claim. Some states require that you report a work-related injury within a certain amount of time in order to proceed with a claim.

  • Consult with a lawyer. The moment you’ve been injured on the job, you should seek advice from a legal expert. They will help you determine whether or not you have a valid claim and guide you on how to proceed.

  • Wait for compensation. Once you’ve filed your claim, all you can do is wait for compensation. As long as you’ve made a valid claim, you will most likely be compensated for your injuries.

Workers’ compensation claims can get confusing very quickly. Don’t wind up losing your case. Get the compensation you deserve by following these steps.

Turn to Global Financial for knowledge

As a pre-settlement funding company, Global Financial has over a decade of experience working with patients who need financial help after being injured. That’s why we’re a great resource for plaintiffs who want to have a better understanding and overall picture of workers’ compensation. For more information on pre-settlement funding, personal injury and the ramifications of workers’ compensation claims, check the blog section of our site often.