Workers Compensation / Insurance Flashcards
A system providing wage replacement, medical, and rehabilitation benefits to workers injured on the job.
What is workers compensation?
What benefits does workers compensation cover for injured workers?
Wage replacement, medical treatment, and vocational rehabilitation services.
How are workers compensation benefits paid for?
Employers pay by purchasing insurance; employees do not contribute.
What is the minimum wage loss period required to receive compensation?
At least one week of wage loss.
How much is typically paid in workers compensation?
80% of the after-tax value of the wage loss.
What is the WC100 form used for?
Filing all workers compensation claims.
Which employers must carry workers compensation insurance?
Employers with 1+ employees working 35+ hours per week for 13+ weeks in the past 52 weeks.
Employers with 3+ employees at any time, including part-time employees.
Who is not considered an employee under workers compensation?
Sole proprietors working in their own business.
A document allowing certain employers to avoid purchasing a workers compensation policy by certifying specific exclusions.
What is an exclusion form?
Who can be excluded using an exclusion form?
Sole proprietorships (if all employees are immediate family).
Partnerships (if all employees are partners).
What should you not do when hiring a subcontractor?
Never hire a subcontractor without receiving their workers comp policy or an exclusion form.
What does the Workers Disability Compensation Act cover in case of death?
80% of the after-tax weekly wage paid to dependents for up to 500 weeks.
Up to $6,000 for funeral expenses.
What does builder’s insurance cover?
Property damage once materials or structures are applied to a job site.
What does contractor’s property insurance cover?
The contractor’s office and related equipment.
What does liability insurance cover?
Non-employee injuries or property damages caused by the contractor.
