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Workers Comp Insurance in Odessa, Texas

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According to the social security administration, three out of ten twenty-year-old workers become disabled before retirement age. Workers compensation insurance is important to protect both workers and the employers. If an employee becomes injured or disabled as a result of the work they are doing for the company, they will receive compensation. A compensation bargain occurs when a worker agrees to receive compensation. At Contractors Mark, we specialize in connecting businesses and individuals with the perfect insurance for their needs.

By taking the compensation, the employee gives up their right to sue their employer for negligence. In return, they have guaranteed compensation. Employers agree to give a certain amount of compensation in order to avoid a significant lawsuit for negligence. It ends up being mutually beneficial for all parties involved. If you own a business, workers compensation insurance may be essential to the well being of your workers and your business.

However, there have been cases where injuries were obtained outside of the workplace but were reported as workers compensation, so some workplaces are stricter than others. In some cases, it can be difficult to regulate what the cause of the injuries or disabilities were. In a similar way, compensation rates are not regulated well and may be different depending on where the employee lives and what type of job they have. Claims are filed in the state where the employee works or resides, not where the employer is located. Regardless, having workers compensation insurance is the best way to protect all parties involved and to avoid a lawsuit disaster.

The definition of disability may be different depending on the state, but it generally refers to the inability to earn an income. Most states will use an impairment rating to classify how severe the disability is. These impairments must be documented by a professional in order to prove their legitimacy.

Workers comp insurance covers any medical fees that are incurred directly due to employment, allows for sick pay when on medical leave for the injury or disability, and if a death is involved, it ensures the dependents of the worker are given the payments. When a person is injured or disabled, they will be taken care of and their families will be taken care of.

This publicly-sponsored program is beneficial to both employer and employee. The employer benefits since it saves them money in the long term and avoids the bad press, time, and energy involved with a being sued. The employee benefits from the insurance policy as it guarantees that they will be given tax-free compensation for the damage that has occurred. Whether the damage occurs on company property, a work-related trip, or in transit to or from work or a work event, workers compensation insurance is important for any company.

If you are trying to find insurance for yourself or your business in Lubbock, Contractors Mark is the best option. We understand how busy you are and hope to take care of all of your insurance needs so you can focus on managing your business accordingly.


Contractors Mark is excited to help you in choosing insurance options that best meet the needs of your business. Contact us to learn more about what we can do for you!

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