The Wisconsin Worker’s Compensation Act requires all public and private employers in the state of Wisconsin to purchase worker’s compensation insurance who:
-Employ three or more full-time or part-time employees.
-Employ at least one full-time or part-time employee who you have paid $500 or more in gross combined wages during any quarter of the year.
-Employ six or more farm workers at one or more locations for 20 consecutive or non-consecutive days during the year.
This is to ensure that Wisconsin employers can pay benefits to their workers in the event that they become injured on the job. If an employer does not purchase worker’s compensation insurance, they will be held personally liable in the event that one of their employees is injured on the job.
Employers can purchase worker’s compensation insurance through any private insurance company that is licensed to write worker’s comp insurance policies in the state of Wisconsin.
Employers must put the worker’s compensation insurance policy in the name of the business or business owner. After the insurance policy is purchased, the insurance company will contact the Wisconsin Department of Workforce Development (DWD) to report the employer is providing worker’s compensation insurance coverage to their employees. This is to show that the employer is in compliance with the Act.
A worker’s compensation insurance policy covers the employer for:
-All reasonable and necessary medical costs for the injured employee.
-All Temporary Partial Disability (TPD) and Temporary Total Disability (TTD) benefits for the injured employee.
-All Permanent Partial Disability (PPD) and Permanent Total Disability (PTD) benefits for the injured employee.
-All retraining or job placement benefits for the injured employee.
-All burial and funeral expenses for injured employees whose death is caused by a work related injury.
Under the Wisconsin Worker’s Compensation Act, employers also have the option to be self-insured instead of purchasing worker’s compensation insurance from a private insurance company. However, employers must apply for and be granted permission from the Wisconsin Department of Workforce Development (DWD) in order to be self-insured, as the employer must demonstrate that they are financially able to insure themselves.
As an employer in the state of Wisconsin, it is your responsibility to make sure your company is legally compliant with the Wisconsin Worker’s Compensation Act. If you have questions about the Act, contact the experienced team of worker’s compensation attorneys at Nowlan & Mouat. Our attorneys have the experience and expertise to help Wisconsin employers understand the complexities of Wisconsin worker’s compensation law, advise them on what their options are, and successfully represent them in cases of worker’s compensation fraud.
Contact us today or give us a call at (608) 755-8100 to schedule your consultation today.