As an employer in Brentwood, you are legally obligated to provide your employees with a safe and healthy workplace. Unfortunately, even with proper safety measures in place, accidents sometimes happen and employees can be injured or become ill on the job. If this occurs, a good workers’ compensation insurance policy can cover the associated costs.
Workers’ compensation insurance is offered by commercial providers. These insurers must adhere to the rates set by the Tennessee Department of Labor and Workforce Development; however, they are permitted to offer policy discounts, so shopping for rates can save you money. A local independent insurance agent can help you find the best coverage for your Brentwood business.
Which Brentwood, TN Businesses Need to Have Workers’ Comp Insurance?
In Brentwood, all construction companies and any business in the coal mining field must carry workers’ compensation insurance. All other businesses are required to have this coverage only if they have five or more employees. When determining the number of employees, you must include all family members, part-time workers, and corporate officers. It is not necessary to purchase coverage for corporate officers, partners, sole proprietors, or LLC members, but if you wish to cover these employees, you can.
How Much Does Worker’s Compensation Insurance Cost in Brentwood?
Rates for coverage are based on your company’s overall payroll and the types of jobs your employees do. Every year, the Workers’ Compensation Division of the Tennessee Department of Labor and Workforce Development publishes rates for thousands of different job classifications. Commercial insurance providers use these rates to determine the cost of coverage. The following are average rates paid per every $100,000 in employee payroll for three of the top industries in Brentwood, TN:
- Healthcare and Social Assistance: $370 a year
- Professional, Scientific & Technical Services: $190 a year
- Manufacturing: $4,510 a year
Of course, these are just average rates and the costs can vary according to more specific information regarding the jobs your workers do. In a healthcare setting, nursing staff may be at high risk for back injuries, while registration clerks have a low risk of injury. Talk to a local independent insurance agent to find out how much workers’ compensation will cost you.
Brentwood Workers’ Compensation Pays for the Cost of Medical Treatments
If employees are injured while doing their jobs or become ill due to exposure to toxins in the workplace, they will need to seek medical attention. Workers’ compensation for Brentwood businesses will cover the cost of all necessary medical treatment and follow-up care, including physical therapy and long-term care if needed. Employees should report any work-related injury within 15 days of the injury.
As an employer, you can select which authorized treating physicians your employees can receive care from. An exception is made for severe injuries, which should be treated at the closest emergency room. Follow-up care can then be assumed by a designated physician. If an employee must travel more than 15 miles one way to receive treatment, workers’ compensation will also provide reimbursement for their mileage.
Brentwood Workers’ Compensation Insurance Provides Disability Coverage
Temporary disability coverage is designed to replace lost wages if an employee must take more than seven days off work. This can provide injured employees with 2/3 of their average weekly wages over the past year during the time they are off work. 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 will provide coverage to bridge the gap. If an employee becomes permanently disabled, they may be eligible for a lump-sum settlement payment. This will provide 450 weeks’ worth of compensation in an amount that is based on the employee’s impairment rating.
Workers Compensation Covers Fatal Work Injuries in Brentwood
Unfortunately, workplace injuries are sometimes fatal. If an employee dies due to a job-related illness or injury, workers’ compensation can provide death benefits to surviving dependents as follows:
- If the employee leaves a surviving spouse but no dependent children, the spouse can receive a weekly benefit of 1/2 the employee’s average weekly wages.
- If the employee leaves a surviving spouse and dependent children, the spouse can receive a weekly benefit of 2/3 of the employee’s average weekly wages.
- If the employee leaves no spouse or dependents, a lump sum of $20,000 will go to the employee’s estate.
Workers’ compensation insurance will also cover the deceased employee’s burial expenses in an amount of up to $10,000.
How to Appeal Workers’ Compensation Claim Denials
Workers’ compensation claims may be denied if the insurance company determines that the injury did not occur on the job or if there is reason to believe the injury was intentional or the result of drug or alcohol impairment. If a workers’ compensation claim is denied or an employee is unhappy with a settlement amount, the decision can be challenged by contacting the Tennessee Bureau of Workers’ Compensation.
Find the Best Workers’ Compensation Insurance in Brentwood
Many businesses in Brentwood, TN are required to have workers’ compensation insurance. If yours is among them, you can be sure you are getting a great policy at a competitive rate by working with a local independent agent.
Find an insurance agent near you to start comparing workers’ comp insurance rates.
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