Companies often purchase Texas Workers Compensation Insurance to pay for medical and wage benefits to employees who have been injured during work related activities. Texas Workers Compensation Insurance help to protect employees by making sure they are compensated for their injuries or illness, but it can also be a benefit to employers. In addition to taking away the liability from employers, Texas Workers Compensation gives employers certain protection from employee injury lawsuits.
Does My Company Require Texas Workers Compensation Insurance
Texas does not require most private companies to carry Workers Compensation Insurance. Although, private companies that have contracts with government agencies are required to provide Workers Compensation coverage for each employee working on the public project. Other than government agencies some private companies may require a contractors to have Workers Comp insurance in order to work or even bid on contracts.
If your company chooses not to have Workers Compensation Insurance you must do a few things under Texas state law. Those will include filing an annual notice of no coverage, displaying notice of non-coverage in the personnel office, and give written sate of non-coverage to every new employee.
What if my Company Does Not Have Texas Workers Compensation Insurance?
If your company does not have Texas Workers Compensation Insurance then you could be forced to pay damages to a injured employees in a lawsuit. You are unable to claim certain defenses when arguing your case. You cannot claim the injured employee negligence caused the injury, fellow employees caused the injury, or the injured employee knew the dangers of the job and did it anyways.
Do you have questions about Texas Workers Compensation Insurance?
To find out how your company can save time and money, speak to a Workers Compensation specialist at 1-800-253-7040.
