Workers’ compensation is designed to provide insurance for employees who are injured on the job. It is often used to pay for medical expenses and make up for lost wages due to time off work. If you have been awarded workers’ comp and discover that your company is shutting down, you may be wondering what will happen to the payments. The following guide outlines your rights and responsibilities in this situation.
Will I Still Receive Payments?
Even if your company is shutting down, you will continue to receive workers’ compensation. Although employers provide this insurance, they are not directly responsible for making payments; their insurance carrier will continue providing the benefits you are owed. The money comes from a pool of cash that accrues when people purchase insurance.
How Can I Collect These Benefits?
Obtaining worker’s compensation benefits can be complicated if your company is going out of business. If your claim was filed recently, then make sure your employer provides the necessary information to the insurance agency before closing. Keep copies of records like medical visits, expenses, and missed days due to a work-related injury in case the insurer needs additional information.
If your employer is not fulfilling their obligation to pay workers’ compensation benefits in a timely manner, then it is in your best interest to hire an experienced personal injury attorney. Their understanding of the state's laws and procedures will make it easier to collect what you are owed.
If you’re worried about the status of your workers’ compensation benefits due to a company closing, Mark O. Grater Attorney at Law in Groton, CT, can help. This seasoned attorney is backed by more than 30 years of experience in handling workplace and personal injury cases and getting results for clients. Find out more about his experience online, and call (860) 449-8059 to schedule a consultation.