© 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
Bridgepoint Developement Capital acquisition of stake in MVF
Finance
04/08/2015Bridgepoint Developement Capital acquisition of stake in MVF

Bridgepoint Developement Capital acquisition of stake in MVF

Read Full PostRead - Eye Icon
Orrick Advises Shareholders in Sale of Slovakian Telecoms Provider Benestra
Finance
26/05/2016Orrick Advises Shareholders in Sale of Slovakian Telecoms Provider Benestra

Orrick has advised a consortium of international private equity firms, including Bessemer Venture Partners, Columbia Capital, HarbourVest Partners, Innova Capital, MC Partners and Oak Investment Partners, in the sale of Slovakian telecommunications provider Be

Read Full PostRead - Eye Icon
Common Gold CFD Trading Mistakes and How to Avoid Them
Finance
13/07/2026Common Gold CFD Trading Mistakes and How to Avoid Them

For generations, gold has been featured in financial markets around the world, and the involvement of gold in retail CFD trading has increased significantly over the last decade. It’s now within reach for those with not-so-large capital due to trading pl

Read Full PostRead - Eye Icon
Selling a Business in Nashville: How Owners Can Prepare for a Stronger Exit
Strategy
11/05/2026Selling a Business in Nashville: How Owners Can Prepare for a Stronger Exit

For many business owners, selling a company is more than a financial decision. It is personal. A founder may have spent years building customer relationships, hiring employees, surviving setbacks, and turning an idea into a valuable asset. In Nashville, that d

Read Full PostRead - Eye Icon
Merill Datasite Provide VDR during AIP Acquisition of Remaining Stake in the Central Area Transmissi
Finance
03/06/2015Merill Datasite Provide VDR during AIP Acquisition of Remaining Stake in the Central Area Transmissi

Antin Infrastructure Partners Acquisition of Remaining Stake in the Central Area Transmission System

Read Full PostRead - Eye Icon
How Smart Technology is Helping the Manufacturing Industry
Innovation
12/04/2021How Smart Technology is Helping the Manufacturing Industry

The secret to this progression is advances in technology. Not only has it allowed businesses to speed up production and increase efficiency it has brought greater profit margins too. In today’s market, it’s all about ‘smart technology’ or more accurate

Read Full PostRead - Eye Icon
7 Important Tips for Streamlining Your Workflows
News
20/09/20227 Important Tips for Streamlining Your Workflows

If you're like most people, your days are filled with a never-ending to-do list. From the moment you wake up until you go to bed, there's always something that needs to be done. And if you don't have a system for managing your tasks, it can be easy to get over

Read Full PostRead - Eye Icon
Seven Contracts Every Startup Should Be Aware Of
Legal
07/06/2023Seven Contracts Every Startup Should Be Aware Of

Starting a business is a challenging and exciting process, with founders expected to have a thorough understanding of numerous different legal processes. Startup founders need to be familiar with the different types of contracts they require to ensure their bu

Read Full PostRead - Eye Icon
Do I Need Customer Services For My Company?
News
27/07/2021Do I Need Customer Services For My Company?

If your business doesn't have the resources to handle customer services, outsourcing to another company could be a good idea. Read on to find out more.



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