Understanding the Workers Compensation System

Overview

The costs associated with workers compensation coverage can be a significant expense for a business. However, most businesses must buy coverage to comply with state laws that impose automatic liability on employers for work-related injuries. As long as the injury is work-related the employer pays, regardless of who is at fault. These state statutes, when taken together, create a system in which injured employees receive definite compensation according to a schedule of benefits. Every insurance agent should understand this system in order to provide proper coverage for their clients.

Learning Objectives

Students who successfully complete this course will be able to:

  • identify who is covered and not covered by state workers compensation statutes
  • identify the types of injuries and illnesses covered under the workers compensation system
  • identify the benefits provided under the workers compensation system
  • identify the sources for workers compensation insurance and alternatives to insurance

Designed for

Property and casualty insurance agents, brokers, and adjusters at any level in their career


International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

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