Are you complying with Texas Workers Compensation Law?

Workers’ compensation is a regulated insurance system in each state that provides covered employees with income and medical benefits if they are injured on the job or have a work-related injury or illness. Workers’ compensation insurance limits an employer’s liability if an employee brings suit against the employer for damages except in cases of gross negligence . In Texas private employers can choose whether or not to carry workers’ compensation insurance coverage.

Texas employers who do not carry workers’ compensation insurance coverage are required to report their non-coverage status and work-related injuries and illnesses to the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC). Employers are also required to notify their employees if they do not carry workers’ compensation insurance. Only very large employers are technically "self insured".  If you, as an employer, expect to pay for injuries out of your own pocket, you are NOT self insured.  You must still file with TDI.  Employers who do carry workers’ compensation insurance coverage are required to report any work-related injuries and illnesses to their insurance carrier. Employers that fail to meet these requirements commit an administrative violation and may be subject to administrative penalties.

Contact Ben Goodwyn Agency for your free quote. 972.618.0100  shelly@bengoodwynagency.com