© 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
Scaling Your Brokerage Business in 2024: Adopting Trends from LATAM’s Fintech Revolution
News
08/04/2024Scaling Your Brokerage Business in 2024: Adopting Trends from LATAM’s Fintech Revolution

Source: Pexels.com If you’re looking to level up your connections and gain fresh perspectives, iFX EXPO events are the place to be! These educational conferences bring thousands of finance whizzes and trading titans together in major metro areas each yea

Read Full PostRead - Eye Icon
Push the Boat out  – Deliver the Impossible!
Innovation
26/06/2017Push the Boat out – Deliver the Impossible!

Since it’s dawn in 2001, Three Lines Shipping L.L.C (TLS) has been on a constant growth path by continuous learning and improvising how they approach their work. As recipient of the Arabian Excellence Awards 2017 from the UAE, we invited Rafeeq.K. K to profi

Read Full PostRead - Eye Icon
The Role of Construction Accident Statistics in Business Planning and Risk Management
News
16/10/2024The Role of Construction Accident Statistics in Business Planning and Risk Management

Construction accident statistics are the central component of risk management in the construction industry. By analyzing and understanding accident data, companies can identify potential hazards, implement safety measures, create a safer environment for their

Read Full PostRead - Eye Icon
Blue Owl Capital’s $2.4 Billion Sila Acquisition Makes the Case for Healthcare Net Lease
Finance
12/06/2026Blue Owl Capital’s $2.4 Billion Sila Acquisition Makes the Case for Healthcare Net Lease

Blue Owl Capital’s $2.4 Billion Sila Acquisition Makes the Case for Healthcare Net Lease Blue Owl Capital agreed on April 20 to pay $2.4 billion for Sila Realty Trust, a Tampa-based healthcare REIT with 137 net-leased properties across 65 U.S. markets. A

Read Full PostRead - Eye Icon
How to Buy Bitcoin
Finance
10/11/2021How to Buy Bitcoin

Learning how to buy bitcoins involves learning how to buy them in the first place. You can either get it online or from a broker, but learning how to buy them both involve different approaches and methods.

Read Full PostRead - Eye Icon
Wind Turbine Composites Material Market Worth $5.5 Billion by 2020
Finance
06/03/2015Wind Turbine Composites Material Market Worth $5.5 Billion by 2020

New report defines and segments the global composite market for wind turbine with an analysis and forecast of its global volume and value.

Read Full PostRead - Eye Icon
6 Small Business Costs that are Often Overlooked
Finance
03/11/20206 Small Business Costs that are Often Overlooked

Most people who start a small business may be aware of the general costs of incorporating their business, buying initial inventory, and securing a location. Then they start looking into the everyday operational and organisational costs. But there always seem t

Read Full PostRead - Eye Icon
A Notary for Your Diary – The Seal of Approval That Every Business Needs
Legal
22/01/2015A Notary for Your Diary – The Seal of Approval That Every Business Needs

With only 800 in the country, finding and accessing a Notary Public for England and Wales can take up valuable time and resources.

Read Full PostRead - Eye Icon
7 Business Benefits of Hiring Managed IT Services
News
02/11/20217 Business Benefits of Hiring Managed IT Services

Besides accounting, one of the most outsourced jobs is managed information technology (IT) services. And for a good reason. Hiring managed IT services involves hiring third-party specialists to take charge of a business’ needs. As such, entities can focus on



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