Provision of modern workers’ compensation laws fairly comprehensive and specific interests of employees who suffer work-related injuries or illness. Benefits include medical expenses , death compensation, lost wages , labor rehabilitation . The lack of workers’ compensation insurance to carry any country comply with these regulations or other aspects , the employer can not only access to the pocket to pay for these benefits , but also to leave the state to pay a fine.
There are three criteria that determine the insurance companies generally to the payment of premiums. These are ( 1 ) the payroll; ( 2 ) the employer class; and (3) the experience and write down the number of accidents and the severity of injuries recorded for this employer.
The first element considered is the payroll and they are determined in blocks of $ 100 of payroll . The second consideration is how an employer will be divided into different categories based on the type of industry. Each classification is appropriate to pay a certain amount of compensation premiums employees with a 100 block of payroll. Roofers a higher factor than office workers who will experience a low exposure to injuries in a high exposure to injuries.
The final consideration is what the industry is known as the “experience modification factor “or experienced mod” or simply “mod.” This calculation applies to policies with more than $5,000.00 in premiums. In determining the experience mod is the individual employer compared to other employers within the classification based on the frequency of accidents and the severity of injuries. The more accidents an employer has had in the past, the higher the rating change.
But our federal system in the United States means that the rules of employee compensation , in most cases , is the responsibility of individual countries. There compensation regulations, such as port workers and dockers , but most employers for the employees , the system, some of the rules and regulations of federal employees , they usually treat the decision by the Member States ( as well as Washington, DC and Puerto Rico Puerto Rico ) in compensation. This means that workers compensation in the United States have some patchwork quality of it . There are government employees pay between different jurisdictions lot of similarities, but also important differences.