© 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
Kofax Acquires Aia for USD19.5m
Finance
08/04/2015Kofax Acquires Aia for USD19.5m

Kofax (KFX) announced the acquisition of Aia Holding BV, a customer communications managementcompany based in The Netherlands, for $19.5 million.

Read Full PostRead - Eye Icon
11 Tech Tools to Get You Through a Recession
Innovation
05/08/202211 Tech Tools to Get You Through a Recession

As the stresses of an impending recession grow, business owners are strategizing how to survive this economic uncertainty by re-evaluating current and future expenses. For example, software subscriptions that once felt necessary may seem like a “nice to have

Read Full PostRead - Eye Icon
Westinghouse Increases Commitment to Nuclear Industry with Acquisition
M&A
05/10/2016Westinghouse Increases Commitment to Nuclear Industry with Acquisition

Westinghouse Electric Company, LLC has signed a definitive agreement with AZZ Inc. to acquire Nuclear Logistics Inc. (NLI), the largest third-party supplier of safety-related equipment solutions to the nuclear industry. The acquisition supports Westinghouse’

Read Full PostRead - Eye Icon
Get to Know the BSP Rewards Partner Program
Innovation
01/09/2017Get to Know the BSP Rewards Partner Program

Get to Know the BSP Rewards Partner Program

Read Full PostRead - Eye Icon
The Role of DevOps in Cloud Application Development
News
26/07/2024The Role of DevOps in Cloud Application Development

DevOps is a software engineering practice that is ideally suited to the demands of cloud computing. In a DevOps environment, developers work closely with IT operations and other cross-functional teams to streamline the software development lifecycle. This coll

Read Full PostRead - Eye Icon
A Brazilian Influence
Leadership
07/07/2022A Brazilian Influence

Fernanda Marques, Director of Fernanda Marques Arquitetos Associados, is a graduate of the Faculty of Architecture and Urbanism of São Paulo, FAU USP. Her work follows the same conceptual line that characterised her years of training - the integrated exercise

Read Full PostRead - Eye Icon
As the Media Frenzy From GDPR Dies Down, Companies Need To Reman Vigilant Against Data Breaches
Legal
10/09/2019As the Media Frenzy From GDPR Dies Down, Companies Need To Reman Vigilant Against Data Breaches

When the GDPR legislation was being created there was a flurry of media reports and business commentary on the importance of data safety, with companies and individuals alike scrutinising their own policies and working on improvement. A little more than a year

Read Full PostRead - Eye Icon
The Digital Operational Resilience Act: What This Means for the Finance Sector and Its Legacy Technology
Finance
02/11/2023The Digital Operational Resilience Act: What This Means for the Finance Sector and Its Legacy Technology

The main objective of the Digital Operational Resilience Act (DORA) is to strengthen the IT security of financial entities such as banks, insurance companies and investment firms. The EU deems this necessary because of the growing risk of depending on Informat

Read Full PostRead - Eye Icon
How to Identify and Prevent a Cyber Attack
Innovation
13/01/2023How to Identify and Prevent a Cyber Attack

Cyber threats and risks are evolving at an increasingly rapid scale. Businesses everywhere are failing to react quickly enough to malicious cyber attacks, and as such, they can suffer irreparable damage to finances, systems, data and reputation.



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