Workers Compensation
Workers Compensation is wage replacement in the event of an accident on the job. In most states the benefit pays 2/3 of gross wages for the duration of the disability. Some states have continuing benefits, if after medical recovery, the injured worker cannot return to his/her former job due to physical limitations. These limitations include areas such as lower-back, carpal tunnel--repetitive motion and use of the wrists as well as rotator cuff-lifting above the shoulder and a host of other conditions.
The majority of people who get injured, recover and go back to their old jobs. There is a smaller percent of injured workers, who upon recovery, cannot go back to their old job due to the type of work they had to perform. When this happens, in many instances their benefits continue to be paid by the insurance company of the employer they were working with at the time of their injury. When employers realize that their former employee is not going to be coming back to work, they want the insurance company who they pay premiums to find new work for the former employee. The reason being is that they do not want to continue paying wage loss benefits as described above. In many instances the employer is facing a possible out of pocket exposure of hundreds of thousands of dollars and they do not want this.
Insurance companies are not trained to handle alternative employment of people who get injured on the job and have to depend on the injured party to go out and find his/her own job. The reality is a person collecting money for doing nothing gets comfortable and is in no hurry to do this. The insurance company in some instances attempts to offer a one-time cash settlement with the hope of the person collecting benefits take the money and sign off against any future considerations. The problem here is that the money being offered is rarely enough for the injured worker as by now this person is represented by a lawyer, who is holding out for "Ft. Knox", as the lawyer wants his/her piece of the settlement. In other words, there is little incentive for a person to go out and find a new job when they are holding all the cards in their favor.
Tucker Insurance Systems, developed a consulting business back in 1976 that offers to clients, including insurance companies, large employers, third-party administrators as well as defense attorney and State Funds a unique opportunity. The system addressed is to assist the injured worker find new work and during this time period, complete documentation is obtained and presented to the account of Tucker Insurance Systems. As the State requires benefits to the injured worker be paid, the State also REQUIRES this same person to cooperate with the insurance company and their network of vendors who are trying to help this person find new work within the framework of his/her physical limitations. In addition, the Tucker Insurance System, transfers the type of work that the injured party has done in the past, including work history, education, areas of interest and finds job openings that have a good starting wage with the opportunity to progress. In the event that the injured party does not cooperate with the efforts of the Tucker Insurance System, their benefits can be modified or even stopped due to failure to cooperate.
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