As a client of Questco, you can improve your cash flow immediately because you will eliminate the down payment associated with your Texas workers’ compensation policy. Instead of a down payment, you can pay-as-you-go for occupational injuries.
You also can eliminate the burden of having to annually shop for workers’ compensation plan coverage.
Workers’ compensation is the method by which covered workers are compensated for work-related injuries or illnesses. In Texas, the workers’ compensation system is regulated by the Texas Department of Insurance (TDI).
When a covered worker suffers a work-related injury or illness, the employer’s workers’ compensation insurance company pays the medical and income benefits due the employee. (In some cases, employers may self-insure their workers’ compensation claims or join with other employers to self-insure. In these instances, the employer or the self-insurance group pays benefits.)
Texas law limits a covered employer’s liability to a specific schedule of benefits based on the type and severity of the worker’s injury. Benefits include:
- lifetime medical benefits for necessary treatment of compensable injuries and illnesses
- disability income benefits for a specified period of time and up to dollar limits set by law
- limited funeral expenses for workers killed on the job
- death benefits for surviving dependents of workers killed on the job.
Benefits are not payable for injuries that:
- are intentional or self-inflicted
- result from the employee’s horseplay or voluntary intoxication (either alcohol or drug-induced)
- arise from voluntary participation in off-duty recreational, social, or sports events
- result from “acts of God,” unless a person’s job exposes him or her to a greater than ordinary risk of injury from such acts
- are inflicted by someone else for personal reasons unrelated to employment.
Contact Questco for Workers Compensation Administration of your Texas business.
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