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This question is easy. Mississippi law mandates those
employers with five or more employees obtain workers'
compensation insurance. What if you don't have five or
more employees? You may be exempt from the coverage
requirement, but you are not exempt from financial
responsibility for employee job related injuries.
Mississippi is an "exclusively remedy" state. Workers'
Compensation insurance provides you with protection from
employee lawsuits arising out of employment. Employees
with job related injuries are required to seek relief
through the Workers' Compensation Act.
Workers' Compensation Law is a legislative compromise.
An employee injured on the job is entitled to recovery
without having to prove fault. In exchange for that, the
liability of the employer is strictly limited by
statute; the employer does not have to worry about large
pain and suffering type recoveries that could interrupt
the business.
If an employer does not carry workers' compensation the
employer may be forced to pay the remedies/workers'
compensation out of their pocket or worse may not be
entitled to its protections allowing an injured employee
to sue for pain and suffering and other big ticket
liabilities.
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