In today’s blog post, we give you the lowdown on workers’ compensation insurance in Texas. Is it mandated by law? Why should a company consider getting this type of coverage? Keep reading to learn more.
What Is Workers’ Compensation Insurance?
Workers’ compensation insurance (also known as workers’ comp) is a type of insurance that helps cover costs when an employee becomes injured or ill at work.
The coverage provided by a typical workers’ compensation policy usually includes the following:
- Medical expenses
- Lost wages
- Rehabilitation costs
- Death benefits
These benefits don’t apply in certain situations, for example, when workers cause their injuries intentionally, or when they become injured while playing off-duty sports.
While the general idea is the same, the way workers’ compensation works varies from state to state. In the next section, we’ll see the specifics of workers’ comp in Texas.
Workers’ Compensation in Texas
Some states require companies to have workers’ compensation insurance. This is NOT the case in Texas.
Here, state law doesn’t require most private employers to have this type of insurance, although there’s an important exception.
Private employers who contract with government entities are required by Texas law to provide workers’ compensation coverage for the employees working on the project.
However, there’s at least one compelling reason why employers should consider offering workers’ comp coverage even when it isn’t mandated by law.
Offering workers’ comp shields employers from most lawsuits when employees become injured or ill while performing the duties of their work.
In Texas, some companies are allowed to self-insure their employees, although this option only works for large organizations that get approval from the Texas Department Insurance’s (TDI) Division of Workers’ Compensation (DWC).
The simplest way to get workers’ comp coverage is by purchasing it from an insurance company licensed by the TDI.
If you are an employer looking for workers’ compensation coverage, contact BZ Bee today. We’ll be happy to help you make sense of your options.
Need Workers’ Compensation Insurance in Houston, Texas? BZ Bee Can Help!
Whether you need insurance for your car, your home, or your business, the experts at BZ Bee insurance are here to find the policy that makes sense for you.
We are located in Houston, Texas, and serve clients all over the Lone Star state. To get a free quote, just contact us by email (ayalamariaeugenia@yahoo.com) or telephone (832-729-8114), or fill out the contact form on this website.
