Workers’ Compensation Insurance

Basic Information

Workers’ compensation is a state-regulated insurance program. Employees covered by workers’ compensation get medical care necessary to treat their work-related injuries and illnesses.

Workers’ compensation may include:

  • Payments to replace some of an injured employee’s lost income
  • Compensation for burial expenses for employees killed on the job
  • Death benefits for dependents of employees killed on the job

Workers’ compensation doesn’t pay for injuries that are:

  • Intentional or self-inflicted
  • Result from horseplay or voluntary drug or alcohol intoxication
  • Inflicted by someone for personal reasons unrelated to the job
  • Result from off-duty recreational, social, or sports events
  • From “acts of God” (like floods or hurricanes) in most cases

Texas Workers’ Comp laws

In most cases, workers’ compensation insurance is not required in Texas. However, private employers who work on public projects must have workers’ compensation for the employees working on the project. Some contractors may require their subcontractors and independent contractors to have workers’ compensation insurance.

Texas employers, except for public entities, can choose whether or not to provide workers’ compensation insurance coverage for their employees. Workers’ compensation provides covered employees with income and medical benefits if they are injured on the job or have a work-related injury or illness. Workers’ compensation is regulated by the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC).

With few exceptions, workers’ compensation insurance limits the employer’s liability for the work-related injury or death sustained by the employee.

New Mexico Workers’ Comp laws

Whether a New Mexico business is leasing oil field equipment or running whitewater river rafts, it is required to provide workers’ compensation insurance if it has three or more employees. Farm and ranch laborers, real estate salespersons, and private domestic servants are exempt from workers’ compensation laws.

Shopping for Workers’ Compensation Insurance

By purchasing a workers’ compensation policy, you and your employees will be protected. The policy will provide lost wages and medical benefits to your employees if they are injured on the job. Except in cases of gross negligence, workers’ compensation insurance limits your liability if an employee brings suit against your business for damages.

Employers should bring Awesome Insurance on board to shop around to find the best rate. Awesome Insurance offers policies strictly from licensed insurance companies.

To find out what Awesome Insurance can do for your business, contact Awesome Insurance. Call 817-239-8172 today.