Workers’ Compensation Insurance
Texas workers’ compensation insurance is essential for providing your employees with important benefits if they get an injury or illness from their job. To learn more, read through each section below.
Texas Workers’ Compensation Insurance
As the second largest state in the country, Texas has so much to offer. With many booming businesses and start-up companies, you may be wondering what you need when it comes to workers’ compensation insurance. Also known as workers’ comp or workman’s comp, most states require employers to carry this coverage. In the Lone Star State, however, you’re not required to have it.
But even though it’s not required by law in Texas, it’s still a good idea to have workman’s comp insurance. In addition to helping injured employees return to work, it can also help employers pay for legal costs if they get sued because of an injury or illness. Without coverage, you’d have to pay for these costs out of pocket, which puts your business at financial risk.
What Is Workman’s Comp in Texas?
Texas workers’ compensation insurance gives your employees benefits to help them recover from a work-related injury or illness. Workman’s comp in Texas can also help employers because it provides a defense against claims of:
- Assumption of risk
- Contributory negligence
- “Last clear chance”
- Co-worker negligence
Without workers’ compensation insurance in Texas, the business owner is responsible for all costs related to a personal injury lawsuit. Even if it’s your employee’s fault that they got hurt or sick, you’d still have to pay for costs related to the lawsuit.
Coverages for Workers’ Comp Insurance in Texas
With coverage, business owners and employees can experience many types of workers’ compensation benefits, such as:
- Income benefits, like lost wages from missing work
- Medical benefits to help treat a work-related injury or illness
- Legal benefits if a worker’s family sues your business
- Death benefits to an employee’s family if they lose their life in a work-related accident
According to Texas workers’ comp laws, employees have 30 days to give notice of a work-related injury or illness to their employers.2 They also have a year to file formal paperwork for the workers’ comp claim. After getting a report of injury, employers have eight days to notify their insurer.