insurance2014 : Curriculum Vitae
Lawsuits from Injured Employees in Austin with Business Insurance
When a worker becomes injured or sick in the course of his employment, the employer can be held accountable by the courts and forced to pay millions in damages. Fortunately, an Austin business with insurance – specifically a workers’ compensation and employer’s liability policy – can help avoid this expensive scenario.
Unlike all the other states, acquiring workers’ compensation insurance is voluntary for employers in TEXAS. Those that don’t participate are called non-subscribers. Because non-subscribers don’t have extra costs, they are able to save more on profit.
However, non-participation also opens them to litigation. An injured or sick worker can opt to sue to gain or expand his disability benefits. Additionally, non-subscribing employers are unable to use common law defenses, such as arguing that the worker’s negligence caused the injury, that the negligence of fellow employees caused the injury, or that the worker knew and voluntarily accepted the risk of injury. Non-subscribers that don’t provide safe workplaces or adequate care pay heavy fines for their negligence.
To avoid possible lawsuits in Austin, TX, business insurance is necessary. Note that Ordinary Commercial General Liability insurance is not enough. Only workers’ compensation and employer’s liability policies can provide protection against most lawsuits. If there are any disputes about claims, the Texas Department of Insurance, Division of Workers' Compensation (TDI-DWC) can help with resolution.
When searching for a workers' compensation policy, employers can save considerable time and effort on research by enlisting the help of independent insurance agencies. Because these agencies sell insurance from multiple providers, they can help business owners compare policies and rates. They can also guide employers in choosing a policy that fits the needs of their business.
With the assistance of an independent agency, an employer can find an Austin business insurance policy that can help protect his business against lawsuits while paying a reasonable fee.
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