Workers’ compensation (also known as workers’ comp) is a type of insurance available to employees of a company when they are injured on the job. It may include wage replacement and medical care for expenses stemming from the injury. It can also sometimes function as life insurance when a worker dies because of a job-related injury.
Through workers’ comp, after 14 days off due to injury employees can receive monetary compensation based on the percent of disability the injury causes. They’re also entitled to roughly 66% of their average weekly wages.
If you’re injured on the job and seek workers’ compensation benefits, you typically waive your right to sue the employer for negligence.
That waiver limits you from fighting for pain and suffering and punitive damages; however, it can also keep you on good terms with your employer and provide an easy way to pay for the injury without long court battles.
Workers’ compensation varies state-by-state and is usually provided by the employer through private insurance companies.
If you have any more questions about workers’ compensation, or if you’ve been injured on the job and want to file a claim, contact our experienced Memphis workers’ comp attorneys today.
You can reach us online or call us at 901-327-1212 to discuss your situation at no cost to you.