© 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
How to Choose the Best Ecommerce Consultant for Your Online Store
News
14/04/2023How to Choose the Best Ecommerce Consultant for Your Online Store

Today, ecommerce is on the rise. According to Statista, ecommerce accounted for nearly 19% of retail sales worldwide in 2021 and is forecast to reach almost a quarter of total global retail sales by 2026.

Read Full PostRead - Eye Icon
The Main Differences Between Sole Proprietorships & S-Corps
M&A
01/11/2021The Main Differences Between Sole Proprietorships & S-Corps

One of the biggest decisions a self-employed freelancer turned business owner has to make is deciding what type of business entity works best for them. If you’re the only owner of your company, your options often narrow down to two: an S-Corp or sole proprie

Read Full PostRead - Eye Icon
Bio-Techne Corporation Agrees to Acquire Zephyrus Biosciences, Inc.
M&A
21/03/2016Bio-Techne Corporation Agrees to Acquire Zephyrus Biosciences, Inc.

Bio-Techne Corporation (NASDAQ: TECH) announced today that it has completed the acquisition of Zephyrus Biosciences.

Read Full PostRead - Eye Icon
Global AI and Automation Excellence from India’s Finest Software Company
Innovation
08/01/2025Global AI and Automation Excellence from India’s Finest Software Company

HCLSoftware, an innovative global company, offers a business-focused automation solution that empowers enterprises with advanced, intelligent automation technology.

Read Full PostRead - Eye Icon
Energy Development Corp Financing for Burgos Wind Farm Project
Finance
11/05/2015Energy Development Corp Financing for Burgos Wind Farm Project

In November 2014, Philippines renewable energy company Energy Development Corporation (EDC) signed a US$315m financing agreement with a group of foreign and local banks for the construction of the 150- MW Burgos Wind Project in Ilocos Norte.

Read Full PostRead - Eye Icon
Spice Private Equity & Helios Investment Partners acquire Africa Oil Corporation.
M&A
23/07/2015Spice Private Equity & Helios Investment Partners acquire Africa Oil Corporation.

Spice Private Equity & Helios Investment Partners acquire Africa Oil Corporation.

Read Full PostRead - Eye Icon
How Sergey Petrossov Applied JetSmarter and XOJET Lessons to Aero Ventures
Innovation
24/11/2025How Sergey Petrossov Applied JetSmarter and XOJET Lessons to Aero Ventures

Entrepreneur Sergey Petrossov’s three private aviation ventures share a common thread: each targets a specific inefficiency in high-value transactions through technology.  For Petrossov, who founded JetSmarter in 2012, lessons learned have compounde

Read Full PostRead - Eye Icon
Pio-Tech and Huawei partner to launch Bank-BI® on Huawei Platform
Innovation
30/09/2019Pio-Tech and Huawei partner to launch Bank-BI® on Huawei Platform

Pio-Tech, a System Integrator, and Business Solutions Provider announced a new partnership with Huawei. Both parties have shared visions for collaboration to build innovation, and guide banks towards business growth.

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