Does Workers' Comp Pay Permanent Disability?

Chronic back pain is one of the most common job-related disabilities. Jupiterimages/Photos.com/Getty Images Who Pays Payroll Tax? When you're a business owner, its never good news to hear one of your employees suffered a permanent injury on the job -- but its not a rare occurrence. For instance, a 2009 study revealed 19.3 percent of workers in Arizona were unemployed due to disability. If an employee of yours suffers a permanent disability while on the clock, he may sue you for loss compensation and medical coverage. You can prevent this by purchasing workers compensation insurance. Information Workers compensation insurance is state-regulated, and the laws governing this coverage vary by jurisdiction.
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Workers' compensation reform saved Illinois employers $315 million

Pat Quinn signed into law in 2011, his aides said Monday. The National Council on Compensation Insurance, a rating agency, issued a rate that reflects a 4.5 percent drop in the statewide average. The council issues rates for various categories of employees, such as truck drivers. Insurance companies that use the rate then multiply it by the number of employees in a company to determine a premium for covering workers' compensation claims. Quinn's office says over the last three years, the rate has dropped 13.3 percent and resulted in $315 million savings on workers' compensation premiums for Illinois businesses. "Illinois had one of the most burdensome workers' compensation systems in the country," the Democratic governor said in a prepared statement. "We turned that statistic around and (are) saving hundreds of millions of dollars for our businesses and keeping the system honest to our workers." Quinn said the latest reduction could save another $110 million. A spokesman for the National Council on Compensation Insurance did not return a call seeking comment. Lawmakers sent Quinn a package of reforms in 2011 that cut medical fees, capped the number of weeks of payment for carpal tunnel syndrome, made it harder for intoxicated workers to win claims and allowed employers to organize medical networks for handling cases.
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Key Workers Compensation Attorney Risk Launches Website for Agents, Insurance Clients and Self-Insured Employers

R. Berkley Corporation family of companies. ABOUT KEY RISK: Key Risk provides risk management, claims, and managed care services to workers compensation policies written on behalf of member companies of W. R. Berkley Corporation, rated A+ (Superior) Financial Strength Category XV by A.M. Best Company, Inc.
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Ill. workers' comp insurance rate down 4.5 percent

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Workers' compensation benefits rise in R.I., fall in Mass.

Louis Business Journal Time: 5:30 pm - 8:30 pm Place: Renaissance Grand Hotel Send this story to a friend Email address of friend (insert comma between multiple addresses): Your email address: Aug 20, 2013, 6:23am CDT Updated: Aug 20, 2013, 8:06am CDT Illinois workers' compensation rate down 4.5 percent Illinois Gov. Pat Quinn Staff St. Louis Business Journal The average workers' compensation rate dropped 4.5 percent in Illinois, according to figures released Monday by the National Council on Compensation Insurance. The downward trend has saved Illinois employers $315 million in insurance premium costs since 2011, KSDK reports. James Stephens , deputy director of the Department of Insurance, said the drop reflects an overall 13.3 percent decrease in the rate in the last three years, the TV station reports. Illinois Gov. Pat Quinn 's office said the decrease was due to a money-saving workers' compensation reform package he signed into law in 2011. Read More at
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Illinois workers' compensation rate down 4.5 percent

We turned that statistic around and delivered real reform that is saving hundreds of millions of dollars for our businesses and keeping the system honest to our workers. This rate review will ensure the state has a responsible advisory rate that supports business growth and protects workers. Officials estimate the latest proposed reduction in workers compensation advisory and loss cost rates could result in overall reduction in premiums of up to $110 million. This estimate is based on the credit rating organization A.M. Bests calculations as they reviewed 2011 premiums. Individual rates for businesses may vary based on claims experience, payroll, and other factors. With the implementation of the proposed rate reduction, the advisory rate level will have dropped 13.3 percent below the advisory rate level prior to the 2011 Workers Compensation Reform Legislation.
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