Are Your Employees Covered?
In the year 1911, Massachusetts became the second state in the US to pass a comprehensive workers’ compensation statute. While the idea of providing compensation for job-related injuries or even death but with a no-fault based system originated in Europe, the US has made considerable progress over the last one-hundred years to improve this benefit for employees. In particular, Massachusetts workers compensation rates are continually analyzed and evaluated for needed changes.
Currently, the law in MA provided those who are temporarily incapacitated with about 60% of their average weekly pay. Employers who do not comply with this and other requirements of the law can find themselves facing steep fines and even the loss of public contracts. The best way to ensure your company is offering the requirements outlined by state law is to meet with an HR representative and ask for a copy of the benefits program.
If you’re a company looking to ensure your interpretation of the law’s requirements is accurate, you would best be served by contacting your legal department. However, your insurance company will be familiar with Massachusetts workers compensation rates and will have recommended a policy that keeps your business protected by lawsuits, claims of negligence or other liabilities. Be sure to know what you need, and go to the right people in order to secure it.