Workers' Compensation Alternatives: What Should You Claim If You Don't Have One

Since most states require employers to secure their staffers, there is an on-going demand concerning purchasing workers’ compensation policies.  However, the stock market may not provide you with coverage. It’s either you have limited resources or not eligible for one. Fortunately, there are alternatives you could purchase, considering the similarities and benefits the following could offer. The instances could also be applied when an employer rejects the claim.

Workers' Compensation Rejection Explained
Claims for insurances are not dismissed without reason. You may be having difficulties obtaining workers' compensation due to the following:

• The establishment has lost a substantial amount of costs.
• You have no track or history records to present the policyholder.
• Risky nature of work or occupation

On the other hand, it's not always the insurance company that may reject the claim. There are instances that employers could deny the coverage if ever they have provided issues concerning the application. It includes: 

• Injury procured outside the profession/other company's fault.
• The employee conducted severe misconduct or negligence of safety. 
• Refutable claims of fraudulence 

Assigned Risk Plan
The assigned risk plan coverage is established to provide security for employers who cannot purchase workers' compensation. It is a reliable option as a source of content for administers who have been rejected. To get one, your agent may apply to your state's NCCI official and follow the procedure. However, do note that the cost may be more expensive considering its benefits.

Civil Claims
If the company couldn't provide workers' comp insurance, the injured employee could contact their workplace attorney to discuss medical costs and other benefits. It would help them receive the assistance they deserve, involving the staffers' condition and security. Every employee has the right to attain safety precautions and compensation, so there are high chances you could receive one.

State Insurance Fund
Since administrators deny company claims due to inexposure and loss accounts, the employers could reach out to their state funds or local officials. It would serve as a last resort for business establishments with statement lapses.

A workers' compensation policy can help employees recover from their jobs when incidents occur. However, not all insurers can provide you with the coverage. Fortunately, you could purchase alternatives to guarantee medical benefits and a portion of lost earnings. Businesses and organizations are not limited to workers’ insurance.

At CSIS Insurance Services, Inc., we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at  (888) 501-2747 or Click Here to request a free quote.