© 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
2016’s Most Innovative Hedge Fund Manager, Bermuda
Finance
30/06/20162016’s Most Innovative Hedge Fund Manager, Bermuda

Equilibria Capital is a highly innovative asset management company focused on managing investment funds and separate accounts for private and institutional clients.

Read Full PostRead - Eye Icon
Agreement to Acquire Boehringer
M&A
07/10/2016Agreement to Acquire Boehringer

Elanco Animal Health Enters Agreement to Acquire Boehringer Ingelheim Vetmedica's U.S. Feline, Canine and Rabies Vaccines Portfolio

Read Full PostRead - Eye Icon
Thornton’s Takeover: Ferrero Buys Majority
Finance
23/06/2015Thornton’s Takeover: Ferrero Buys Majority

Ferrero International have successfully completed a takeover bid for the UK-based confectionery store chain.

Read Full PostRead - Eye Icon
Most Instrumental Insurance Businesswoman 2023 (South Africa): Bridget Mokwena-Halala
Leadership
26/07/2023Most Instrumental Insurance Businesswoman 2023 (South Africa): Bridget Mokwena-Halala

Since 1913, Assupol Life has been consistently delivering insurance services with a quality that has persisted throughout its whopping 110 years of operation. It adheres to a ‘serving those who serve’ ethos and has never once faltered in delivering brillia

Read Full PostRead - Eye Icon
Oddfellows Society Takes on £45m of Druids Sheffield Business
Finance
26/03/2015Oddfellows Society Takes on £45m of Druids Sheffield Business

The Oddfellows Friendly Society is to take over the assets of the Druids Sheffield Friendly Society, including its Child Trust Fund ISA and life assurance business. The deal will increase the Oddfellows’ assets by £45m to over £460m and result in a combine

Read Full PostRead - Eye Icon
Choosing the Right Location for Your Law Firm
News
26/09/2022Choosing the Right Location for Your Law Firm

While you may choose to work from home due to financial constraints, it may not be a viable option in the long term since you need to meet with clients. You should set up an office for your law firm right from the start. Sharing office space may also reduce th

Read Full PostRead - Eye Icon
What Can Businesses Do to Improve Their Cash flow?
Finance
16/07/2021What Can Businesses Do to Improve Their Cash flow?

From overdue invoices to staying on top of bills, it is estimated that one in four companies in the UK struggle with cash flow at some point, with as many as 61% having issues on a regular basis.

Read Full PostRead - Eye Icon
Hybrid Working Could Lead to Discrimination and Lack of Diversity Warns Firm Of Business Psychologists
Leadership
30/04/2021Hybrid Working Could Lead to Discrimination and Lack of Diversity Warns Firm Of Business Psychologists

Leading Cambridge firm of business psychologists, OE Cam, is urging businesses to consider the unintended impact of hybrid working. Their modelling suggests that planned policies will likely lead to greater discrimination and a lack of diversity within organis

Read Full PostRead - Eye Icon
Intralinks Acquires Cloud Infrastructure Company Verilume
M&A
24/03/2016Intralinks Acquires Cloud Infrastructure Company Verilume

Intralinks Holdings, Inc., a global content collaboration company, today announced the acquisition of Verilume, a Boston-based cloud infrastructure company.



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