100 Year Anniversary of the Workers’ Compensation Insurance System

100 Year Anniversary of the Workers’ Compensation Insurance System

One Hundred years ago the State of Wisconsin created the first chapter in
the history of our “no fault” system of workers compensation insurance in
the United States. From this event, workers longer had to file a lawsuit to get financial
relief for their injuries which occurred in the workplace and there was also
no need for them to prove their employer to be legally liable for their
injuries. This was a momentous event for workers and moved society forward as the
industrial revolution continued to develop.

The workers’ comp system started out with a very simple goal – to pay for
injuries, and as this new program spread to other States, and as the special
interests “reached in” for their financial share, the program became what it
is today. The system is now a very complex, confusing and expensive process for all
stakeholders. To navigate through the program one really needs a “qualified
guide”…but, it is always best to avoid the system all together by not
having work place injuries and illness, which is entirely possible.

As a preventative measure, I continue to recommend that all employers seek
out an advisor who can help them maintain compliance and should they have an
injured worker, their qualified guide (advisor) can help them through the
maze of rules, regulations and procedures. Hiring an advisor will also help
employers to continue to focus on their goals and objectives and not be
distracted by the intricacies of the workers’ comp system.

Happy anniversary everyone!

Tune into “Insurance Matters” Tuesday July 28th – my guest will be Dave
Edwards of HR Ledger, a local payroll service, who will share how employers
can control costs and maintain certain employment compliance. Online
www.smallbiztalkradio.com or Sacramento’s Money 105.5 FM KSAC

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Tom Bone
Risk Insurance Advisor
ISU Insurance Services
2266 Lava Ridge Court
Roseville, California 95661
Phone 916.960.8758 or 800.823.4852 ext. 8758
Fax 916.773.4484
Mobile 925.285.6790
Email tbone@risksnthreatsmatter.com
License #0306692