© Copyright Acquisition International 2026 - All Rights Reserved.

Article Image - 7 Misconceptions About Workers’ Comp Insurance
Posted 3rd December 2021

7 Misconceptions About Workers’ Comp Insurance

Workers’ compensation is an important right, yet too many people are unaware of exactly what workers’ comp is or what you’re entitled to. To set the record straight, take a look at these seven misconceptions about workers’ comp insurance now:

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

7 Misconceptions About Workers’ Comp Insurance

Workers Compensation

Workers’ compensation is an important right, yet too many people are unaware of exactly what workers’ comp is or what you’re entitled to. To set the record straight, take a look at these seven misconceptions about workers’ comp insurance now:

 

1. Workers’ Comp Never Pays Out

Making a workers’ compensation claim might seem like an unnecessary hassle, but it can certainly be worthwhile. Statistics show that workers’ comp claims pay out more than $62 billion each year, so why miss out on the funds you’re entitled to?

 

2. Getting Injured at Work in Atlanta is Rare

Sadly, millions of people sustain workplace injuries every year. In fact, in private industry, 2.2 instances of workplace injuries per 100 full-time equivalent workers were reported in 2020 alone. With so many people sustaining work-related harm in Atlanta, it’s vital that everyone knows their rights when it comes to claiming workers’ compensation.

 

3. You Can Only Claim If Your Employer Was Negligent

Workers’ comp is designed to pay out regardless of who was at fault, so don’t hesitate to start your claim, even if you’re not sure who is technically liable for the incident. While you may be eligible to take other types of legal action if your employer was negligent, you don’t need to prove who was at fault to successfully obtain workers’ compensation.

 

4. You Can’t Claim for Illnesses

Workers’ compensation can be paid out for work-related illnesses, as well as injuries. Throughout 2020, private industries saw a sharp rise in the number of reported illnesses with more than 500,000 million cases being recorded.

 

5. You Won’t Get Much Compensation

When you make a successful workers’ comp claim, the amount you receive will depend on various factors, including the severity of your injury, the impact it has on your day-to-day life, and the cost of your medical treatment. Compensation often ranges from $18,000 to $27,000, with the average payout being recorded as $21,800. However, statistics also show that claimants tend to receive more compensation if they hire a lawyer to assist them with their workers’ comp claim.

 

6. There’s No Time Limit on How Long You’ve Got to Claim

Many people are unaware that there are strict deadlines in relation to claiming workers’ compensation, which means they are missing out on their chance to obtain the compensation they’re entitled to. If you’ve been hurt at work or contracted a work-related illness, check the workers’ comp regulations in your area to determine how long you’ve got to make a claim.

 

7. Making a Claim is Easy

Making a claim should be simple and straightforward, but it rarely is. From figuring out what type of compensation you’re entitled to and submitting the right documentation, obtaining compensation can be trickier than you think. With help from a workers’ comp attorney, however, you can increase your chances of making a successful claim and ensure that you meet the regulatory requirements for a timely payout.

 

Taking Action After a Workplace Accident

If you’ve been hurt at work or you’ve lost income because of a work-related illness, it’s vital to find out what your rights are. With the right professional advice, you can simplify the claims process and get the workers’ comp you deserve.

Categories: Finance, News


You Might Also Like
Read Full PostRead - Eye Icon
Furlough Scheme Extension – the Good, the Bad and the Ugly Cost
Finance
11/11/2020Furlough Scheme Extension – the Good, the Bad and the Ugly Cost

Shaw & Co, the Bristol-based specialist corporate finance advisory firm, has responded to the announcement made by Rishi Sunak, Chancellor of the Exchequer, on Thursday 5 November in the House of Commons announcing the extension of the UK Furlough Scheme.

Read Full PostRead - Eye Icon
2016’s Most Innovative Hedge Fund Manager, France
Finance
01/07/20162016’s Most Innovative Hedge Fund Manager, France

La Française Investment Solutions (“LFIS”) is an institutional asset management boutique established in 2013 and based in Paris, France.

Read Full PostRead - Eye Icon
The Importance of IP in M&A transactions
Innovation
19/11/2015The Importance of IP in M&A transactions

For the past 10 years, Coller IP has been at the forefront of developments in Intangible Asset Management. Jackie Maguire profiles the firm and explains their place in the market.

Read Full PostRead - Eye Icon
Top Employee Engagement Tools for Managers: How to Keep Your Team Engaged
Leadership
26/07/2023Top Employee Engagement Tools for Managers: How to Keep Your Team Engaged

Managers bear several responsibilities, one of which is to ensure that their team remains engaged and motivated. However, keeping up with the ever-changing employee engagement needs can be challenging.

Read Full PostRead - Eye Icon
Quarter Pages
Strategy
14/01/2016Quarter Pages

Quarter Pages

Read Full PostRead - Eye Icon
CMA Merger team Looks for new Recruits
Leadership
08/02/2016CMA Merger team Looks for new Recruits

The CMA is on the lookout for talented individuals to join its merger team by recruiting for Principal Case Officer and Case Officer roles.

Read Full PostRead - Eye Icon
Clearwater International Advises Staffgroup during Cordant Group’s Acquisition
Finance
09/06/2015Clearwater International Advises Staffgroup during Cordant Group’s Acquisition

Clearwater International Advises Staffgroup during Cordant Group's Acquisition

Read Full PostRead - Eye Icon
Putting People First
Legal
03/08/2022Putting People First

The UK offers many exciting opportunities to those who are looking to do good business, but finding an immigration solution that suits your specific needs is by no means simple.

Read Full PostRead - Eye Icon
International Accounting Day 2023: Universal Accounting Center
Finance
06/11/2023International Accounting Day 2023: Universal Accounting Center

Since 1979, Universal Accounting Center (UAC) has been a post-secondary school for budding accounting, bookkeeping, and tax professionals, delivering premier training, certifications, coaching, and support to help them take their careers to the next level.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow