How Compromise and Release Can Settle Your California Workers Compensation Case
I’m Ed Smith, a Sacramento Workers’ Compensation Lawyer. A workplace injury caused by an unexpected accident can have unfortunate and lasting consequences for your health, finances, and career. In anticipation of and preparation for sudden on-the-job injuries, employers purchase what is known as workers’ compensation insurance.
Workers’ Compensation Insurance Providers
The effects of job injury can be fairly expensive – doctors’ bills, prescription medication, physical therapy, surgery, and lost wages can add up. Many employers, especially smaller ones, are unable to shoulder the cost of compensating employees for accidents that occur at the worksite.
That is where workers’ compensation insurance kicks in. Like how you make monthly payments to your car insurance company to help you prepare for damages and injuries caused by a car crash, employers pay premiums to workers’ compensation insurance companies. In exchange, the insurance companies handle workers’ compensation claims, including receiving, reviewing, and accepting or denying claims. The employer simply passes off any claims to its insurance provider. In a way, this system is beneficial for injured employees in California because employers should theoretically have little incentive to thwart the claims process when they are not responsible out-of-pocket for reimbursement to the employees. However, because claims go to insurance companies, there is often an impersonal, cold, and calculating approach to claims review that does not take into account how the injury has affected you and your loved ones.