3 Workers’ Compensation Myths You Must Know
Workers’ compensation is integral to every company’s risk management approach. It allows employees to seek compensation in the event of a workplace injury. It is customary for corporations to self-insure, assuming responsibility for any workplace injuries. Employers must maintain a minimum amount of funds in their workers’ compensation account at all times to do this. Due to the prominence of this topic, there are numerous myths regarding how workers’ compensation works. Thus, the objective of this article is to refute some of the prevalent misunderstandings about workers’ compensation. Although many of these assertions have a factual basis, they are not always accurate and can lead to confusion and lawsuit. This essay will debunk some of the most widespread misconceptions about workers’ compensation. Myth #1 In addition to any health or disability benefits offered by my employer, I am eligible to collect workers’ compensation payments as well. You are not eligible to receive any...