Groton, Connecticut
4 Fort Hill Rd
Groton, CT 06340
(860)449-8059

What Happens to Your Workers' Compensation If Your Company Closes? January 4, 2018

Groton, New London
What Happens to Your Workers' Compensation If Your Company Closes?, Groton, Connecticut

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?

workers' compensation Groton CTObtaining 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.

Other Announcements, Events and Deals from Mark O. Grater Attorney at Law
How to Cope With the Stress of Filing for Bankruptcy, Groton, Connecticut
Becoming trapped in a cycle of debt has lasting consequences on your financial status. Many people are reluctant to consider filing for bankruptcy to relieve debt out of fe...read more
3 Ways to Rebuild Credit After Bankruptcy, Groton, Connecticut
While it’s true that bankruptcy significantly impacts your credit score, this doesn’t mean your record is ruined forever. With discipline, resolve, and the guidance of a knowledgeabl...read more
Bankkruptcy- What About My Car Loan and Mortgage?, Groton, Connecticut
People often ask if they can keep their car or house when they file for Chapter 7 bankruptcy.  These are know as secured loans.  In Connecticut, the answer is yes, as long ...read more
Is Bankruptcy the Right Step for Me?, Groton, Connecticut
If you're struggling with debt, filing for bankruptcy may be your best course of action. Take note, though, that this debt relief does not apply to everyone. An experienced...read more
5 Tips for Avoiding Bankruptcy, Groton, Connecticut
When you’re unable to meet your financial obligations, bankruptcy can provide a way out and allow you to wipe the slate clean. However, seeking debt relief through the courts can hav...read more