There are states where a business with less than five employees may not be required to have workers compensation insurance, but this doesn't mean that the workers are not entitled to their rights. Remember that should any injuries occur to your employees while at work, you may be left dealing with large hospital bills and lawsuits with a million dollars settlement fee. Paying that kind of money can never be considered lucky. There are insurance companies that pay back a dividend based on your claims history.
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| Workers Compensation Insurance and Why Businesses Need it |
Employers need to take into consideration their senior workers. Older workers' bracket starts from 55 years onwards. This class of workers is highly valued due to its large experience that they have accumulated over the years in their fields of profession. People over 40 need to be treated with more caution because when hurt the damage can be permanent and can land your business in a lawsuit. People are also being forced to continue working due to low pension pays and the hard economic climate that the world is currently experiencing.
Old employees also should not be assigned jobs that require a lot of physical strength like heavy lifting or standing for long. Aging affects people differently and changes can range from hearing loss, decrease in physical strength, visual diminution, weight gain, increases in blood pressure and chronic illnesses.
Workers are classified into three groups. There are the healthy survivors that are still working at their original place of work. The post retirement workers who change their careers, this group can find difficulties in their new jobs due to inability to cope to new demands. Lastly there is the trapped group, these are older workers that are forced to get out of retirement and go searching for work due to financial constraints.
Old employees also should not be assigned jobs that require a lot of physical strength like heavy lifting or standing for long. Aging affects people differently and changes can range from hearing loss, decrease in physical strength, visual diminution, weight gain, increases in blood pressure and chronic illnesses.
Workers are classified into three groups. There are the healthy survivors that are still working at their original place of work. The post retirement workers who change their careers, this group can find difficulties in their new jobs due to inability to cope to new demands. Lastly there is the trapped group, these are older workers that are forced to get out of retirement and go searching for work due to financial constraints.
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| Workers Compensation Insurance and Why Businesses Need it |
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