© 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
Investing in “Green” Homes: A Profitable Strategy for a Sustainable Future
News
21/06/2023Investing in “Green” Homes: A Profitable Strategy for a Sustainable Future

In the wake of growing environmental concerns and the increasing demand for energy-efficient homes, investing in green homes has become a profitable and sustainable real estate strategy.

Read Full PostRead - Eye Icon
Best In-House Global Tax Adviser – Singapore
Finance
08/06/2016Best In-House Global Tax Adviser – Singapore

NOL is the largest container shipping company listed on the Singapore Exchange (SGX). With more than 7,000 employees and offices located in over 40 countries, the Group delivers quality services through its core business, APL.

Read Full PostRead - Eye Icon
Strategic Cleaning: Enhancing Health, Morale, And Profits
Corporate Social Responsibility
30/08/2023Strategic Cleaning: Enhancing Health, Morale, And Profits

As a business owner, you want your company to succeed in every aspect, and one often overlooked area is the cleanliness of your workspace. A clean office serves as a reflection of your company's values and professionalism.

Read Full PostRead - Eye Icon
Gender Diversity: Differentiation Through Diversity
Leadership
08/03/2023Gender Diversity: Differentiation Through Diversity

Zoe Bailey joined European intellectual property firm, Withers & Rogers, as Head of Strategic Operations almost two years ago. Since then, she has worked alongside the company's female chair to implement a modern strategic framework for the business. Whilst th

Read Full PostRead - Eye Icon
BCMS boosts Asia Pacific presence with Hong Kong office launch
Strategy
30/03/2015BCMS boosts Asia Pacific presence with Hong Kong office launch

BCMS boosts Asia Pacific presence with Hong Kong office launch.

Read Full PostRead - Eye Icon
Balancing the Books
Legal
04/01/2017Balancing the Books

Professional Accounting and Taxation Limited is a professional accounting firm established in Hong Kong since 1982. We have a great team of good experienced and specialised associates with expertise in accounting, taxation and legal knowledge. Our client base

Read Full PostRead - Eye Icon
Balfour Beatty Appointed as Civil Contractor to £300 Million Thames Estuary Asset Management Program
Finance
10/03/2015Balfour Beatty Appointed as Civil Contractor to £300 Million Thames Estuary Asset Management Program

New contractor hired for ten-year Thames Estuary Asset Management Programme

Read Full PostRead - Eye Icon
What Should You Know Before Starting Your Own Insurance Business?
News
07/03/2025What Should You Know Before Starting Your Own Insurance Business?

Starting your own insurance business is a rewarding venture, but it’s not without its challenges. From understanding your customers’ needs to navigating industry regulations, there’s a lot to consider before jumping in. Let’s look at so

Read Full PostRead - Eye Icon
5 Borrowing Options for Low or No Credit Score
Finance
30/05/20235 Borrowing Options for Low or No Credit Score

In today’s inflationary periods, being in dire need of additional funds are inevitable. However, accessing them is no picnic since most financial companies will require borrowers to have good credit.



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