Limits of LiabilityCommercial liability insurance policies have 'limits of liability or a cap on the amount claimants can get. However, worker's compensation is structured differently. It is the main reason why most employers purchase policies that do not offer the coverage they thought they did.
Workers’ Compensation Part APart A workers' compensation covers employees under state laws and offers medical aid, death, rehab, and disability benefits for workers killed or seriously injured on the job. The insurance premiums are based on the employee’s wages and the nature of their work duties. The benefits are awarded on a no-fault basis, and the payments are made on predetermined schedules for definitive injuries.
Workers’ Compensation Part BPart B workers' compensation also offers the coverage mentioned above, but it only does if their condition results from their employer's negligence. This is why it is also called employer’s liability coverage. So we can say that while Part A fulfills state requirements, Part B covers additional damages beyond the former. These payments are based on injury type and limits. For example, if an employee is injured because of a workplace accident, they can get $100,000 max. If they are injured because of a disease caused by their work, they can get up to $500,000. The latter is often broken down into $100,000 per employee per injury. Part B is rarely used, but it can benefit an employer's company in some cases, especially if they are sued by survivors or family members of a deceased employee. They can also avail of Part B if they owe more in damages than Part A can cover. All companies in Illinois have to carry Part A workers' compensation coverage and ensure all claims are paid on time without taking liabilities into account. Workers’ compensation protects both employers and employees. It protects the latter by ensuring they do not go in the red if an injured employee or family sues them for damages.
How Long Can Employees Receive Workers’ Compensation?The answer can differ from one state to the other. It can be anywhere from three to seven years. However, there is usually a limit on the length of permanent disability benefits. Most states terminate weekly ones when a claimant turns 65 years old. In Illinois, wage differential benefits stop after five years or when you turn 67, whichever comes first. The state also has a comprehensive schedule that sets the maximum number of weeks you can get benefits per the body part you injured. If a body part is injured and not on the schedule, you can get a non-scheduled award that will amount to 60% of your average weekly wages. However, the total amount will depend on the severity of your injury.
Contact Robert Edens for Workers’ Compensation Claim Disputes TodayThousands of people in Illinois and the nation are denied the workers’ compensation that they deserve. If your employer is doing the same to you, Cook County workers' compensation lawyer Robert Edens can help. Contact the Law Office of Robert T. Edens for a free consultation with him.