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The Texas Department of Insurance (TDI) Division of Workers’ Compensation (DWC) regulates the state’s workers’ compensation system and certifies employers that want to self-insure. Texas does not require most private employers to have workers’ compensation insurance. Private employers who contract with the government are required to provide workers’ compensation coverage for each employee working on the public project. Some clients may also require their contractors to have workers’ compensation insurance. Employers who choose not to have workers’ compensation insurance must: (a) file an annual notice with TDI (b) display notices of noncoverage in the personnel office and throughout the workplace (c) give a written statement of noncoverage to each new employee.

Texas Employers with workers’ compensation have some important legal protections, including immunity from most lawsuits by injured workers. If an employer has workers’ compensation insurance, a lawsuit may go to court after it’s been through TDI’s administrative dispute process. The court will consider TDI’s recommendations, and only issues in dispute may be used as evidence. Resolved issues cannot be reintroduced. The employer’s insurance company pays attorneys’ fees and other defense costs. Texas Employers without workers’ compensation could have to pay punitive damages if they lose lawsuits. They also lose certain common-law defenses, such as arguing that: (a) the injured worker’s negligence caused the injury (b) the negligence of fellow employees caused the injury (c) the injured worker knew about the danger and voluntarily accepted it. If employers in Texas choose to provide workers' compensation, they must do so in one of the following ways: (a) purchase a workers’ compensation insurance policy from an insurance company licensed by TDI in Texas (b) be certified by TDI to self-insure workers’ compensation claims (c) join a self-insurance group that has received a certificate of approval from TDI in Texas

Note: Political subdivisions may self-insure, buy coverage from insurance companies, or enter into inter-local agreements with other political subdivisions that self-insure. Emergency service organizations and political subdivisions may cover volunteers – such as volunteer firefighters, police officers, and emergency medical personnel – with a special endorsement on the policy. Most insurance companies will not sell a policy unless you have at least one part-time employee or expect to have an uninsured contractor work for you while the policy is in effect. Some companies may write a policy to cover executive officers of a corporation that has no other employees.

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Large private employers in Texas may self-insure if they are certified by TDI. To qualify, an employer must (a) provide information to TDI about its profitability, previous workers’ compensation losses, and number of workers; (b) have certified safety programs at all job sites; (c) provide a minimum security deposit of $300,000 or 125 percent (whichever is greater) of the employer’s existing workers’ compensation liabilities; (d) have a minimum of $5 million of excess insurance coverage; (e) have a total unmodified Texas premium of at least $500,000 or nationwide premiums of $10 million; (f) pay fees and taxes necessary to support the administration of the program, including establishment of a guaranty fund for self-insured employers.

Private employers in Texas may also self-insure by joining with four or more private employers to establish a workers’ compensation self-insurance group. The group must receive a certificate of approval from TDI. The employers in the group must (a) be engaged in the same or similar type of business (b) be members of a bona fide trade or professional association that has been in existence in Texas for purposes other than insurance for at least five years before the establishment of the group (c) enter into agreements to pool their liabilities for workers’ compensation benefits and employers’ liability in Texas (d) provide required information to TDI, such as financial information about the members of the group, the governing classification code of the group or a description of operations for each member of the group showing that the members of the group are engaged in similar operations, and evidence of the required performance bonds (e) provide a minimum security deposit of $300,000 or 25 percent (whichever is greater) of the group’s total incurred liabilities for workers’ compensation (f) have an estimated annual premium subject to an experience modifier of at least $250,000 during the group’s first year of operation and an annual standard premium of at least $500,000 thereafter (g) have a minimum of $5 million per occurrence of excess insurance (h) pay fees and taxes to support the administration of the program.

Workers' compensation insurance or workman's compensation insurance covers injuries and occupational diseases picked up at work. Fault doesn't matter; employers are liable even if the employee may have contributed to the injury or illness. It's required in every state except Texas, and specifics vary from state to state. Workers' comp can cover all these areas: Injuries or loss of limbs, Diseases like emphysema or repetitive motion, Injury inflicted at work, Medical treatment, Rehabilitation needed so workers can return to work, Lost wages (up to two-thirds of the employee's salary), Death, Liability Insurance for the company for lawsuits filed by injured employees. We have assembled some of the cheapest and affordable resources on Worker's Compensation Insurance. Click here for workers compensation insurance, workers insurance and/or workman's compensation insurance for small and big businesses.

To protect employers from lawsuits resulting from workplace accidents and to provide medical care and compensation for lost income to employees hurt in workplace accidents, in almost every state, businesses are required to buy workers compensation insurance or workman's compensation insurance. Workers compensation insurance covers workers injured on the job, whether they're hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses. Workers or workmans compensation provides payments to injured workers, without regard to who was at fault in the accident, for time lost from work and for medical and rehabilitation services. It also provides death benefits to surviving spouses and dependents. Worker's compensation insurance therefore is critical for business survival. On this page, you will find resources related to online and cheap workers compensation insurance quotes for all states in USA including the state of Texas.

More about worker's compensation insurance?
There are many kinds of insurance that business owners tend to purchase. Insurance that protects non-employees if they are injured at the employers business is called public liability insurance, while professional liability insurance protects the employee from malpractice or a breach of trust. Workers compensation insurance is different from these because it offers to compensate for funds lost due to an employee's injury at the workplace.
Eligibility for workers compensation insurance?
Almost every company with employees is required to have workers compensation insurance. With one insurance package purchase, all employees in a particular firm are covered, so business owners do not have to worry about taking out multiple policies. Workers compensation insurance can actually provide an employer with many benefits. First is the fact that each and every workers compensation claim will not mean money out of your pocket. Mistakes do happen. Many times workers compensation is given for employees who have greatly aided in injuring themselves. If you don't want to be forced to shut your doors because of a few mistakes, workers compensation insurance is likely for you. Because money won't be coming out of your pocket, you'll be able to continue operations. Additionally, workers compensation insurance providers generally tend to do more than simply dole out cash to injured parties. Instead, they work with companies to help them maintain a safe working environment. In addition, many workers compensation insurance companies allow members of the client company to use a variety of online tools to help them prevent workers compensation claims, as well getting workers reinstated after they have been out for some time. With all of these benefits, workers compensation insurance can be a great asset to any company.
Do's & Don't of Workers Compensation Insurance
You can buy workers' compensation insurance online. Getting custom quotes is always beneficial in any insurance circumstance. Online, you can generally get quotes from more than one company, looking at those quotes side-by-side to determine the best course of action. However, buying workers compensation insurance is a bit different than buying insurance for your boat or car. Because such a large part of workers' compensation insurance is education and training, comparing not only rates but tools online is one way to help determine which workers compensation insurance company you should go with. After making the comparison, buying online allows you a secure forum in which to manage your policy, a forum that you can access anywhere. By making not only the buying process, but also the managing process easier, workers compensation insurance is allowing business owners more freedom with which to run their businesses.