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Workers' compensation Illinois requirements stipulate that almost every employer and work situation will need workers’ compensation in Illinois. This is even true with a single part-time employee. This policy protects employees who suffer work-related injuries or illnesses.
While most business owners will have to pay for workers’ compensation insurance in Illinois, the good news is there are many ways to reduce that cost.
One of the most important steps for business owners is to ensure that their employees are correctly classified. The wrong classification and job description could mean overpaying considerably for workers’ compensation. For example, an external sales rep has very different risk factors than an internal sales rep, so classifying both roles the same way would result in an overpayment.
Business owners can create a formal safety committee made up of employees to administer a formal, documented safety program. Employees should receive instruction in the program, so they fully understand the requirements.
Employees deserve to be supported during their recovery. Return-to-work programs allow employees to resume working with light duties as they recover, before returning to their previous work level.
Drug and alcohol abuse are the primary causes of workplace accidents. Instituting a strict no-tolerance policy reduces risk levels.
Your claims affect your Experience Modification Rate, which is compared to similar businesses. Pay attention to claims to help reduce your Ex-Mod.
Illinois workers’ compensation rates might differ from what a business would pay in another state, but the process involved works much the same across the entire nation.
If an employee is injured on the job or while performing work-related duties, or develops an illness related to their occupation, they are eligible for workers’ compensation benefits. These benefits are designed to cover the cost of medical treatment, as well as to provide supplemental income while the employee is out of work.
Workers’ compensation coverage in Illinois includes a wide range of types, including emergency treatment, prescriptions, physical rehabilitation, and other medical care costs.
Workers’ comp coverage will also cover a portion of the injured workers wages so he can pay for his other expenses while he recovers.
It also includes coverage for permanent total disability, permanent partial disability, temporary total disability, temporary partial disability, vocational rehabilitation for workers unable to return to their previous roles, and death benefits in the case of fatal injuries.
Workers' comp coverage also protects employers from legal action. This means that if an employee sues your business because of a workplace injury, the insurance will cover the legal costs of the case.
Obtaining workers’ compensation insurance in Illinois is not usually complicated unless the business is within a very high-risk industry. Otherwise, it’s best to purchase insurance from any reputable insurance company operating within the state. That said, not all insurance companies in Illinois offer workers’ compensation coverage. Kickstand Insurance provides workers’ compensation protection for businesses throughout the state.
Workers’ compensation coverage is legally required for most businesses in Illinois. Failure to comply with that law can result in a range of negative outcomes. The employer could face fines of $500 per day that it did not carry workers’ compensation insurance, with a minimum total of $10,000.
If the failure to carry the requisite insurance is deemed negligent, the business could face misdemeanor charges. If the failure is considered willful and knowing, the business would face a felony charge, which is punishable by up to three years in prison and a fine of up to $25,000. Corporate officers can be required to pay fines if the business fails to do so.
If an employee is killed on the job or suffers a fatal injury and is covered by workers’ compensation insurance, benefits can be extended to the worker’s spouse, minor children, children under 25 who are full-time students, and children of any age with mental or physical handicaps. Death benefits will cover up to $8,000 in funeral costs. Weekly payments can be made for spouses and eligible children up to $500,000 or 25 years.
In most cases, workers’ compensation settlements culminate in lump-sum payments. These can be set up as a wage differential claim, which allows the employee to return to work for less than their previous rate but receives supplemental benefits for a specified period, or a permanent and total disability claim.
Like all states, Illinois places stringent statutes of limitations when it comes to workers’ compensation claims. The employee must notify the employer within 45 days of the injury and the benefits claim must be filed with IWCC no more than two years after the last payment or three years from the date of the injury.
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