Even though the affluent North Shore city of Evanston, IL is largely a white-collar community, workplace injuries are not unheard of. As an employer in this Chicago suburb, you can shield your business and your employees from injury-related financial losses by investing in a reliable workers’ compensation insurance policy.
There are several different insurance companies that offer this type of coverage. A local independent insurance agent can help you comparison shop so that you are able to find the best workers’ compensation insurance policy for your Evanston business. Contact an insurance agent near you to get started.
Do All Evanston Businesses Need to Have Workers’ Compensation Insurance?
If you are an employer anywhere in Illinois, you need to have workers’ compensation insurance. Illinois state law makes exceptions only for sole proprietors who have no employees, family members who are corporate officers, and direct family members who live in the same household as the employer.
Employees who work in hazardous jobs, such as construction or trucking, are required to be covered, even if they are included in the exceptions listed above.
It is a felony offense to be out of compliance with Illinois workers’ compensation laws. If caught, you could face jail time and fines of up to $25,000. If uncertain about whether you need to purchase coverage for your Evanston business, you can consult a local independent insurance agent.
How Much Does Worker’s Compensation Insurance Cost in Evanston, IL?
Your cost for coverage will be based on your company’s overall payroll and the types of jobs your employees do. Every year, the Illinois Workers’ Compensation Commission publishes rates for thousands of different job classifications. Commercial insurance providers use these as base rates when calculating your premiums.
The following are average rates paid per every $100,000 in employee payroll for three of the top industries in Evanston, IL:
- Educational services: $700 a year
- Professional, scientific & technical services: $720 a year
- Health care: $1,910 a year
Of course, the rates listed above are merely averages within large industries. Many different kinds of jobs fall under each industry umbrella.
Your costs will vary according to more specific information regarding the jobs your employees do. Within the professional, scientific & technical services industry, a technical writer would cost less to insure than a technician who works on industrial electronics.
Talk to a local independent insurance agent to find out how much workers’ compensation will cost for your particular business.
Evanston Workers’ Compensation Covers the Cost of Medical Treatment
If your employees are injured while doing their jobs, or if they suffer an occupational illness due to exposure to toxins in the workplace, they will need to seek medical attention. Workers’ compensation will cover the cost of all necessary medical treatment and follow-up care, including physical therapy and long-term care if needed.
As an employer, you may designate a list of authorized treating physicians your employees can receive care from. Exceptions are made for life-threatening injuries, which should be treated at the closest emergency room, as well as for injuries that require specialized medical care that is not offered by anyone on your list of authorized physicians.
If an employee must travel a significant distance to receive treatment or follow-up care, your workers’ compensation company may offer reimbursement for their travel expenses. These employees should keep detailed records regarding miles traveled, tolls paid, parking fees, and other related expenses and should submit a reimbursement request in a timely manner.
Evanston Workers’ Compensation Insurance Provides Disability Coverage
Disability coverage is designed to replace lost wages if an employee must take more than three days off work to recover from a work-related injury or occupational illness. There are different types of disability coverage available for your employees: temporary partial disability, temporary total disability, permanent partial disability, and permanent total disability.
Temporary disability coverage can provide injured employees with two-thirds of their average weekly wages for the duration of the time they are off work. If an employee needs to miss more than fourteen consecutive days of work to recover, then the first three unpaid days of leave will also be paid.
If a physician approves an employee for light-duty work, they must report for this work or risk losing their disability benefits. If the light-duty work pays less than their previously earned wages, workers’ compensation can provide coverage to bridge the gap.
If an employee becomes permanently disabled, they may collect 60% of the difference in their wages before and after the injury. This benefit can be collected for a designated number of weeks depending on the severity of the injury and the nature of the impairment.
Workers' Compensation Covers Fatal Work Injuries in Evanston
Unfortunately, workplace injuries are sometimes fatal. If an employee dies within four years of being hurt on the job, and the death is related to the injury or an occupational illness, workers’ compensation can provide death benefits to the employee’s spouse and dependents.
This coverage provides approximately 60% of the employee’s average wages during the year prior the accident. This benefit can continue for up to 25 years or $500,000, whichever is greater. Workers’ compensation insurance will also cover up to $8,000 of the deceased employee’s burial expenses.
What If My Workers’ Compensation Claim Is Denied?
Workers’ compensation claims may be denied if the injury did not actually occur on the job or the injured worker is not an official employee of your company. It can also be denied if there is reason to believe the injury was intentional, occurred while committing a crime, or happened due to drug or alcohol impairment.
If a workers’ compensation claim is denied, the decision can be challenged by contacting the Illinois Worker’s Compensation Commission. They will assign an arbitrator and will schedule an arbitration hearing to review the facts and make a decision.
Find the Best Workers’ Compensation Insurance in Evanston
When you are shopping for workers’ compensation coverage for your employees, you will want to be sure you are getting a great policy at a competitive rate. Comparison shopping is easy when you work with a local independent insurance agent.
Find an independent insurance agent in Evanston, Illinois to get more information and to start comparing customized workers’ compensation insurance rates from a selection of highly rated insurers.
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