Introduction
You cannot stop a disaster from happening; you cannot stop an accident from occurring. This is why, there is always need for insurance. Basically, insurance assures you compensation. Incase a work gets injured in the course of work; he or she is entitled to wage replacement which could be accompanied by medical benefits. This is what is referred to as workers’ compensation.
History
Workers of any organization are entitled to compensation. In fact, it is their right to be compensated. Compensation as viewed at the angle of a matter of law or rather politics, it is not meant to be a retirement fund. The worker on the other hand, has full right to sue his or her employer incase there is negligence to the situation.
On the other hand, any damages of pain, suffering or any other kind of suffering that occurs as a result of the workers negligence, is not worth compensation. The first law of compensation, which was first enacted in Europe and Oceania, denotes that negligence is not inclusive in the law.
Just before the statutory law was implemented, workers could only pursue their injury case through the civil or the tort law. But now the statutory law has long been implemented. The law therefore states that, a schedule, which states the amount and forms through which an employee ought to be compensated is first drawn. And this is only possible if this particular worker has sustained the stipulated amount of injury. The amount assigned, is determined by the amount and degree of the injury.
But, not every employer is eligible for compensation insurance. For example, companies in some countries with employees fewer than five, perhaps three or four, does not necessarily need compensation insurance. But, this does not reduce the risk of injuring yourself.
Workers compensation insurance could seem to be benefiting workers to the expense of the business. The question that could be arising could be, how then do the business benefit from this at large? To start with, the compensation insurance scheme is mandated by the law to benefit and protect both the employers and the employees. This therefore means the entire business benefits.
The employers’ compensation claims are managed by the travelers’ workers compensation claim management solution. It employs high standards of professionalism to handle the claims presented by the employees. It therefore follows that, it meets some unique business needs of their clients.
Also
It also employs quality standards of accuracy and handles each and every claim presented with a lot of fairness and with a lot of effectiveness. Their main mission actually, is to return the injured employees back to their job; it also assures quality medical assistance as it works on the basis of high standard and quality professionalism. And lastly, the solution ensures that it meets all the total loss cost of the savings of their clients.
Conclusion
It therefore follows that, any worker is entitled to compensation, but, caution should be taken as all cases are not worth the compensation. Cases due to negligence are not worth it therefore.
